SLB

A rise in oil prices close to 3-year highs should further stimulate a recovering oilfield services and equipment sector, despite lower than expected late-2017 activity in US shale.

Schlumberger has decided to quit the seismic acquisition business due to poor financial returns.

Schlumberger and Weatherford called off a joint venture, with Schlumberger buying Weatherford’s US fracturing assets outright.

Jeff Spath has been named the head of the petroleum engineering department at Texas A&M University.

McDermott and CB&I will form a vertically integrated onshore-offshore construction and engineering services provider. Other deals include Jacobs Engineering Group acquiring CH2M and the expected close by year end of the Schlumberger and Weatherford OneStim JV.

Despite optimism in a shift from “lower for longer” oil prices, industry executives stressed the value of maintaining efficient operating practices.

Petrofac sold its 50% interest in Petro-SPM Integrated Services to Schlumberger. Petro-SPM operates the Pánuco Integrated Service Contract in Mexico. Schlumberger now owns 100% of Petro-SPM.

ADNOC’s authority on technology maturity describes the case studies used to test the company’s new technology qualification process.

As oil prices recover from the low point of the downturn, operators in the Permian and the Bakken are tackling water management issues.

An advisor at Schlumberger discusses the company’s work in examining the effect of perforations on hydraulic fracture initiation.