SLB

The country expects the digitalization project to promote Egypt’s exploration and production potential worldwide.

Sentiments are clearly improving amongst the hard-hit oilfield service companies who all saw revenue grow in the fourth quarter of last year.

The all-stock deal doubled Liberty’s working pressure-pumping capacity without adding any debt to its balance sheet, while Schlumberger retains a 37% equity interest.

The agreement signed by Schlumberger, AIQ, and Group 42 is designed to develop and commercialize artificial intelligence for global exploration and production.

With the acquisition of Schlumberger’s rod lift business, Lufkin gains several products, brands, and key proprietary software.

Saudi Aramco’s papers on new well technology offer glimpses at the challenges of developing its unconventional gas resources.

Schlumberger and a Middle East offshore logistics company signed an agreement to develop a modular stimulation vessel as part of Qatar’s program aimed at localizing the energy sector’s supply chain and creating new investment opportunities.

The agreement will use IBM’s hybrid-cloud technology and Red Hat’s OpenShift platform to expand access to Schlumberger’s Delfi exploration and production software suite.

Schlumberger is getting rid of its struggling OneStim business unit 2 years after an acquisition that doubled its size. It will get 37% of the shares of Liberty Oilfield Services, which said it will be the second-largest player in that sector.

The new geothermal project development company will offer expertise in subsurface and drilling, project development, and risk mitigation.