Schlumberger Announces Agreement to Acquire Cameron
Schlumberger Limited and Cameron today jointly announced a definitive merger agreement in which the companies will combine in a stock and cash transaction. The agreement was unanimously approved by the boards of directors of both companies. – Offers new growth opportunities by creating the industry’s first complete drilling and production …
Schlumberger to Acquire Cameron in $14.8 Billion Deal
Schlumberger Ltd (SLB.N) will buy oilfield equipment maker Cameron International Corp (CAM.N) in a deal valued at $14.8 billion to streamline supply chains and offer cost-effective services to oil and gas customers who have slashed budgets. The deal is the latest example of energy companies joining forces to help them …
Accenture: Acquires Schlumberger Business Consulting (SBC), to Expand Upstream Strategic Capabilities
Accenture to Acquire Schlumberger Business Consulting (SBC), the Management Consulting Arm of Schlumberger, to Expand Accenture Strategy Capabilities in Upstream Oil and Gas. Accenture has entered into an agreement to acquire Schlumberger Business Consulting (SBC), the management consulting unit of Schlumberger, a global leader in oilfield services. The acquisition will …
Schlumberger: Q2 Results – Revenue Up 12%
Schlumberger Limited today reported results for the second quarter of 2015. • Revenue of $9.0 billion decreased 12% sequentially • EPS of $0.88 declined 17% sequentially, excluding charges and credits • Free cash flow of $1.5 billion represented 132% of earnings • Sequential decremental operating margin was 23% • 5.8 …
OneSubsea and Subsea 7 Form Worldwide Alliance
OneSubsea®, a Cameron and Schlumberger company, announced today that they have signed an agreement establishing a worldwide non-incorporated alliance with Subsea 7 to jointly design, develop and deliver integrated subsea development solutions through the combination of subsurface expertise, subsea production systems (SPS), subsea processing systems, subsea umbilicals, risers and flowlines …
Schlumberger WesternGeco: Wins Patent Case Against ION Geophysical covering Streamer Technologies
The U.S. Court of Appeals for the Federal Circuit recently affirmed the 2014 judgment that ION Geophysical Corp. infringed four seminal WesternGeco LLP patents covering streamer steering technology for marine seismic surveys, and that WesternGeco is the rightful owner of the pioneering technology. In 2009, WesternGeco filed suit for patent …
OneSubsea: Wins Subsea Tree Contract for Shah Deniz II
OneSubsea®, a Cameron and Schlumberger company, has been awarded a contract totaling more than $60 million for the Shah Deniz Two development, operated by BP, offshore Azerbaijan. OneSubsea was awarded the initial contract for subsea trees for Shah Deniz Two in 2013. The scope of the new contract includes the …
Schlumberger Introduces Depth Domain Inversion Services
Services reliably illuminate complex geology and reduce uncertainty through amplitude inversion Schlumberger announced today the launch of the Depth Domain Inversion Services. Schlumberger petrotechnical experts use the services to improve the reliability and consistency of seismic structural and quantitative interpretation in complex environments. “Conventional seismic inversion in the time domain …
M-I SWACO: Releases SCREEN PULSE – A New Fluid and Cuttings Separator
SCREEN PULSE separator delivers optimum efficiency and reduces overall drilling costs M-I SWACO, a Schlumberger company, announced today the release of the SCREEN PULSE† fluid and cuttings separator. Easily installed onto new or existing shale shakers, the fully pneumatic system delivers drilling fluid recovery of up to 30 bbl per …
Technology Roundtable: Drill Bits
1. The crash in the oil price has had a major impact on global oil and gas projects. Russia has also had to deal with sanctions and the exchange rate drop. What impact has this had on Russian demand for drill bits? How are you dealing with the situation? Halliburton: …