SLB

The contractor expects international revenue will see double-digit growth in the second half of 2021 as compared to the same period last year.

Schlumberger has won a $480-million contract to drill 96 oil wells in southern Iraq for the country’s Basra Oil Company and for ExxonMobil, which operates the giant West Qurna-1 field with partners from Iraq, Japan, Indonesia, and China. West Qurna-1 is one of the world’s largest oil fields.

As the saying goes, the future is now. This is certainly the case offshore Norway, which represents one of the industry’s most influential test beds for impactful innovation.

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.