SLB

Le Peuch will replace retiring Paal Kibsgaard, and Mark Papa will become chairman.

The oilfield services company named Olivier Le Peuch CEO and member of its board. He succeeds Paal Kibsgaard, who will retire.

New analysis from Rystad Energy shows service companies are beginning to raise prices after seeing a significant drop following the oil price downturn. Pricing power is projected to keep rising in 2020 as the service industry sees more demand across the supply chain.

Schlumberger introduced the GAIA digital exploration platform, which it says enables exploration teams to rapidly discover and access basin-scale data and manage their exploration opportunities.

As the country pushes for higher output from its emerging unconventional sector, nature is pushing back. To get better results, operators there are increasing their reliance on technology.

The three largest service companies are optimistic about the rest of 2019.

Digitalization and new technologies are disrupting old practices and shaping a new safety landscape for the oil and gas industry. At OTC, a panel sponsored by the Center for Offshore Safety looked at the effects of some of these new technology trends.

The deal will bolster Arabian Drilling Company’s fleet to 67 rigs across the Middle East and North Africa.

Another reminder that it costs more to coax the same amount of oil from new wells as for older wells nearby, with a closer look at the big plays and how the wells are completed.

The world’s largest oilfield services firm and one of the largest providers of SCADA systems have formed a joint venture to create Sensia, an integrated automation suite.