SLB

The service company said it will make its data ecosystem available to the platform that is designed to bring together exploration, development, and wells data from across the industry. This will allow Schlumberger to integrate its solutions with its clients who have already joined the platform.

The E&P sector has maintained a strong focus on capital discipline during its recovery from the 2014 oil price downturn, as investors look for companies to generate free cash flow to help pay down debt. How will this focus affect sector growth in the near term?

A comeback in offshore and international exploration and production is making up for the North American slowdown, but it is a difficult transition.

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.