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Schlumberger NV (SLB.N)

SLB.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Schlumberger says to fund 2018 activity growth without raising capex from 2017 levels
2:24pm GMT 

Jan 19 (Reuters) - Schlumberger Nv ::SCHLUMBERGER SAYS RETURN TO GROWTH IN INTERNATIONAL MARKET WILL REPRESENT "SIGNIFICANT BOOST TO OUR EARNINGS POWER" - CONF CALL.SCHLUMBERGER SAYS PLANS 2018 ACTIVITY GROWTH WITHOUT INCREASING CAPEX FROM THE $2 BILLION LEVELS SEEN IN 2016, 2017 - CONF CALL.SCHLUMBERGER TO DEPLOY ANOTHER 1 MILLION HORSEPOWER IN 2018, REACTIVATION COST EXPECTED TO BE AROUND $100 MILLION - CONF CALL.  Full Article

Schlumberger Q4 Earnings Per Share $0.48 Excluding Items
12:00pm GMT 

Jan 19 (Reuters) - Schlumberger NV ::ANNOUNCES FULL-YEAR AND FOURTH-QUARTER 2017 RESULTS.Q4 EARNINGS PER SHARE $0.48 EXCLUDING ITEMS.Q4 REVENUE $8.2 BILLION VERSUS I/B/E/S VIEW $8.16 BILLION.Q4 EARNINGS PER SHARE VIEW $0.46 -- THOMSON REUTERS I/B/E/S.NV - FOURTH-QUARTER GAAP LOSS PER SHARE, INCLUDING CHARGES OF $2.11 PER SHARE, WAS $1.63.NV - ‍ CAPEX FOR FULL YEAR 2018 IS EXPECTED TO BE APPROXIMATELY $2 BILLION​.NV - FOURTH-QUARTER REVENUE INCREASE WAS LED BY PRODUCTION GROUP, WHICH GREW BY 7 PERCENT.NV - QTRLY PRETAX OPERATING MARGIN OF 14.1 PERCENT VERSUS 11.4 PERCENT LAST YEAR.NV - "LOOKING AT OIL MARKET, STRONG GROWTH IN DEMAND IS PROJECTED TO CONTINUE IN 2018, ON BACK OF A ROBUST GLOBAL ECONOMY".- IN NORTH AMERICA, 2018 SHALE OIL PRODUCTION IS SET FOR ANOTHER YEAR OF STRONG GROWTH.NV - QTRLY NORTH AMERICA REVENUE $2,811 MILLION VERSUS $1,765 MILLION.- "PRODUCTION BASE IN REST OF WORLD IS SHOWING FATIGUE AFTER THREE YEARS OF UNPRECEDENTED UNDERINVESTMENT".NV - ‍RECORDED A NET CHARGE OF $76 MILLION DURING Q4 OF 2017 AS IMPACT OF U.S. TAX REFORM​.- "UNDERLYING SIGNS OF WEAKNESS" WILL LIKELY BECOME MORE EVIDENT IN COMING YEAR IN REST OF THE WORLD.- "OIL MARKET IS NOW IN BALANCE AND PREVIOUS OVERSUPPLY DISCOUNT IS GRADUALLY BEING REPLACED BY A MARKET TIGHTNESS PREMIUM".NV - RECORDED ‍$3.041 BILLION OF PRETAX CHARGES DURING Q4 OF 2017​.NV - HAVE TAKEN DECISION TO EXIT MARINE AND LAND SEISMIC ACQUISITION MARKET.  Full Article

Weatherford International Says U.S. DoJ Has Cleared Proposed OneStim Joint Venture Between Weatherford And Schlumberger
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Schlumberger NV ::WEATHERFORD INTERNATIONAL PLC - U.S. DEPARTMENT OF JUSTICE HAS CLEARED PROPOSED ONESTIM JOINT VENTURE BETWEEN WEATHERFORD AND SCHLUMBERGER LTD.  Full Article

Schlumberger files for potential mixed shelf offering size not disclosed
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Schlumberger Nv :Schlumberger NV files for potential mixed shelf offering; size not disclosed - sec filing.  Full Article

Schlumberger on track to achieve cash flow generation target for the year - conf call
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Schlumberger NV ::Schlumberger NV says remain on track to achieve cash flow generation target for the year - conf call.Schlumberger NV says current situation regarding global oil inventory is more positive than what is reflected by the industry - conf call.Schlumberger NV CEO says SPM won't alter co's core business, it will only compliment the core business - conf call.Schlumberger says there is still pricing pressure in new bids, but downward trend of pricing is slowing significantly in international markets - conf call.Schlumberger says in north america land, we do expect to grow, but i think the growth rate will slow - conf call.  Full Article

Schlumberger reports Q3 earnings per share of $0.42 excluding items
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Schlumberger :Schlumberger announces third-quarter 2017 results.Q3 earnings per share $0.42 excluding items.Q3 revenue $7.9 billion versus I/B/E/S view $7.91 billion.Q3 earnings per share view $0.42 -- Thomson Reuters I/B/E/S.Q3 GAAP earnings per share $0.39 including items.Schlumberger NV - qtrly pretax operating margin of 13.4‍​ percent versus 11.6 percent last year.Schlumberger NV - ‍activity growth in Q3 was "again led by our North America Land GeoMarket​".Schlumberger NV - ‍in US Gulf of Mexico, activity continued to weaken in Q3, and outlook remains bleak for this region based on current customer plans​.Schlumberger NV - capex (excluding multiclient and SPM investments) is expected to be $2.1 billion for 2017‍​.Schlumberger NV - ‍reduction in global oil inventories in Q3 showing oil market now in "balance".Schlumberger NV - ‍geographically, qtrly North America revenue increased as co continued high redeployment rate of spare hydraulic fracturing capacity​.Schlumberger NV - ‍investment appetite in North America Land now seems to be "moderating".Schlumberger - see number of market factors, data points now emerging that make co increasingly positive, optimistic about outlook for co's global business.Schlumberger - ‍comments from several OPEC countries & Russia suggest an extension of production cuts beyond current 9-month agreement is a possibility​.  Full Article

Cenovus reaches agreement to sell Palliser assets for $1.3 bln
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Cenovus Energy Inc :Cenovus reaches agreement to sell Palliser assets for $1.3 billion.Cenovus reaches agreement to sell Palliser assets for $1.3 billion.Cenovus Energy Inc - ‍sale process for Cenovus's Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan is proceeding as expected​.Cenovus Energy Inc - ‍credit Suisse and Scotiabank acted as financial advisors to Cenovus for Palliser transaction​.Cenovus - proceeds from Palliser sale will be used to deleverage company's balance sheet​.Cenovus Energy Inc - ‍Cenovus anticipates reaching a sale agreement for Weyburn asset in Q4 of 2017​.Cenovus Energy Inc - ‍"we continue to target between $4 billion and $5 billion in announced asset sale agreements by end of year​".Cenovus Energy-anticipates reaching sale for its Weyburn asset in Q4 of 2017.Cenovus Energy Inc - ‍Cenovus has certain other non-core assets that are currently being evaluated for potential sale​.Cenovus Energy - agreement to sell its Palliser crude oil and natural gas assets in Southeastern Alberta to Torxen energy and Schlumberger​.  Full Article

Borr raises $650 mln in share issue, proceeds with Sembcorp rig deal
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Borr Drilling Ltd :Successful completion of equity offering through subscription and allocation of 162,500,000 new shares at a subscription price of usd 4.00 per share, raising gross proceeds of usd 650 million.‍equity offering was substantially oversubscribed. Borr drilling and Sembcorp unit PPL will proceed with sale and purchase of nine jack-up rigs nL4N1MK097nFWN1MJ00X.ABG Sundal Collier ASA, Clarksons Platou Securities AS, DNB Markets, a part of DNB Bank ASA, Fearnley Securities AS, Pareto Securities AS, Skandinaviska Enskilda Banken AB and Sparebank 1 Markets AS acted as Joint Lead Managers and Bookrunners for the Equity Offering.Schlumberger Oilfield Holdings Limited and companies associated with Mr Tor Olav Troeim have, based on pre- subscription agreements, been allocated a participation in the Equity Offering in the amount of USD 50 million and USD 25 million, respectively.  Full Article

Borr signs enhanced collaboration deal with Schlumberger
Friday, 6 Oct 2017 

Oct 6 (Reuters) - Borr Drilling Ltd :Borr Drilling and Schlumberger sign enhanced collaboration agreement.Says signed ‍agreement to offer integrated, performance-based drilling contracts in offshore jack-up market by leveraging Schlumberger global foot print, infrastructure and technical expertise and borr drilling's modern jack-up fleet.The combination of the Borr rigs with the Schlumberger integrated offering is the next step in delivering safe, reliable and efficient drilling operations to our customers through commercially aligned business models.Borr Drilling CEO Simon Johnson commented, "The collaboration with Schlumberger is a key enabler to successfully execute our strategy and deliver a truly differentiated offering to our customers, using innovative business models.".The companies will also explore opportunities to work together in areas such as training, technology projects, and performance optimization.  Full Article

Ophir awarded upstream construction contract
Monday, 2 Oct 2017 

Oct 2 (Reuters) - Ophir Energy Plc ::OPHIR EQUATORIAL GUINEA (BLOCK R) LTD, HAS AWARDED UPSTREAM CONSTRUCTION CONTRACT FOR FORTUNA FLNG PROJECT TO SUBSEA INTEGRATION ALLIANCE.OPHIR ENERGY PLC - AT FID OPHIR EQUATORIAL GUINEA (BLOCK R) LTD WILL BECOME A WHOLLY-OWNED SUBSIDIARY OF FORTUNA JV​.  Full Article

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Schlumberger profit beats, predicts strong 2018 for shale

HOUSTON Schlumberger on Friday posted a fourth quarter loss on charges but beat Wall Street forecasts and offered an upbeat outlook that included the first growth in its struggling international operations in four years. | Video