Edition:
United Kingdom

Schlumberger NV (SLB.N)

SLB.N on New York Stock Exchange

38.17USD
17 Sep 2019
Change (% chg)

-- (--)
Prev Close
$38.17
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
2,468,780
52-wk High
$63.64
52-wk Low
$31.04

Latest Key Developments (Source: Significant Developments)

Schlumberger NV Reaffirms Recently Announced SPM Strategy To Monetize Certain Assets
Wednesday, 4 Sep 2019 

Sept 4 (Reuters) - Schlumberger NV ::SCHLUMBERGER NV - REAFFIRM RECENTLY ANNOUNCED SPM STRATEGY TO MONETIZE CERTAIN ASSETS.SCHLUMBERGER NV - DIVESTITURE PROCESS OF INTEREST IN BANDURRIA SUR ASSET IN ARGENTINA IS WELL UNDERWAY, SEVERAL PLAYERS EXPRESSED VERY STRONG INTEREST.SCHLUMBERGER NV - WILL GRADUALLY REPURPOSE CAPABILITIES OF SPM TO DEVELOP AN ASSET PERFORMANCE SOLUTIONS GROUP.SCHLUMBERGER, ON SPM, SAYS GOING FORWARD, COMMITTING NOT TO TAKE EQUITY POSITIONS IN OIL OR GAS ASSETS.SCHLUMBERGER NV - REITERATE COMMITMENT TO MAINTAIN DIVIDEND AT CURRENT LEVEL.SCHLUMBERGER NV - IN FORESEEABLE FUTURE, EXPECT TO RESTORE DOUBLE-DIGIT MARGINS IN NORTH AMERICA EXCLUDING CAMERON.SCHLUMBERGER NV - CONVINCED THAT A FIT-FOR-BASIN PORTFOLIO STRATEGY WILL ALLOW US TO RESTORE DOUBLE-DIGIT MARGINS IN N. AMERICA.SCHLUMBERGER NV - GOING TO EVALUATE MONETIZING OR EXITING DILUTIVE BUSINESSES WHERE IT IS CLEAR THEY DO NOT FIT WITHIN NEW STRATEGY.SCHLUMBERGER NV - GOING FORWARD, WE WILL PRIORITIZE INVESTMENT IN BUSINESSES THAT ARE ACCRETIVE TO OUR RETURNS.  Full Article

Schlumberger Expects To Record Material Non-Cash Impairment Charges In Q3
Wednesday, 4 Sep 2019 

Sept 4 (Reuters) - Schlumberger NV ::SCHLUMBERGER NV - EXPECTS TO RECORD MATERIAL NON-CASH IMPAIRMENT CHARGES RELATING TO GOODWILL, INTANGIBLE ASSETS AND FIXED ASSETS IN Q3.SCHLUMBERGER - AT TIME OF FILING OF REPORTIS UNABLE, IN GOOD FAITH, TO MAKE A DETERMINATION OF AMOUNT OR RANGE OF AMOUNTS OF Q3 IMPAIRMENT CHARGES.  Full Article

Borr Drilling Q2 Net Loss Widens To $103.2 Mln
Thursday, 29 Aug 2019 

Aug 29 (Reuters) - Borr Drilling Ltd ::Q2 OPERATING REVENUES OF $86.6 MILLION, NET LOSS OF $103.2 MILLION AND ADJUSTED EBITDA OF NEGATIVE $4.9 MILLION.Q2 2018: EBITDA $3.2 MILLION; OPERATING REVENUE $51.1 MILLION; NET LOSS $7.4 MILLION AS REPORTED ON AUG 23, 2018.BORR DRILLING SAYS THIRD QUARTER OF 2019 WILL REFLECT FULL QUARTER OPERATIONS FOR THE FIVE RIGS THAT COMMENCED CONTRACTS DURING THE SECOND QUARTER OF 2019.EXPECTS A STRONG GROWTH IN ADJUSTED EBITDA IN THE COMING QUARTERS.BORR DRILLING SAYS Q3 RESULTS WILL INCLUDE ADDITIONAL INCOME FROM RE-COMMENCEMENT OF “NORVE” CONTRACT, AS WELL AS START-UP OF TWO RIGS ON CONTRACT TO PEMEX, “GRID” AND “GERSEMI”.BORR DRILLING SAYS THESE EIGHT NEW COMMENCEMENTS WILL HAVE MATERIAL POSITIVE IMPACT ON Q3 INCOME STATEMENT.EXPECTS THE DAY RATE TREND TO CONTINUE UP.BORR DRILLING SAYS BASED ON TODAY’S PRICING OF BORR SHARES, BOARD CURRENTLY SEES NO OPERATIONAL OR FINANCIAL BENEFIT TO CONTINUE TO GROW ASSET BASE.SEES EBITDA LEVEL REACHED DURING Q3 TO COVER ALL OPERATIONAL AND FINANCIAL CASH COSTS FOR THE TOTAL FLEET.  Full Article

Schlumberger Says Number Of Projects Expected To Get FID Approval In 2019 Likely To Rise
Friday, 19 Jul 2019 

July 19 (Reuters) - Schlumberger NV ::QTRLY WORLDWIDE REVENUE OF $8.3 BILLION INCREASED 5% SEQUENTIALLY.QTRLY INTERNATIONAL REVENUE OF $5.5 BILLION INCREASED 8% SEQUENTIALLY.QTRLY PRETAX OPERATING MARGIN OF 11.7% VERSUS 13.2%.QUARTERLY CASH DIVIDEND OF $0.50 PER SHARE WAS APPROVED.QTRLY DILUTED EPS, EXCLUDING CHARGES & CREDITS $0.35.QTRLY NORTH AMERICA AREA CONSOLIDATED REVENUE OF $2.8 BILLION WAS 2% HIGHER SEQUENTIALLY.Q2 EARNINGS PER SHARE VIEW $0.35, REVENUE VIEW $8.11 BILLION -- REFINITIV IBES DATA.QTRLY INTERNATIONAL RIG COUNTS INCREASED 6% SEQUENTIALLY AND 5% YEAR-OVER-YEAR..CAPEX (EXCLUDING MULTICLIENT AND SPM INVESTMENTS) FOR FULL YEAR 2019 IS EXPECTED TO BE APPROXIMATELY $1.5 TO $1.7 BILLION.DO NOT ANTICIPATE A CHANGE IN STRUCTURAL OIL DEMAND OUTLOOK FOR MID-TERM..MAINTAIN VIEW THAT INTERNATIONAL E&P INVESTMENT WILL GROW 7% TO 8% IN 2019.SPENDING IN NORTH AMERICA LAND IS TRACKING CO'S EXPECTATIONS OF A 10% DECLINE THIS YEAR.NUMBER OF NEW PROJECTS CO EXPECT TO GET FID APPROVAL IN 2019 LIKELY TO RISE AGAIN FOR 2019.SCHLUMBERGER - RISING INTERNATIONAL MARKET INVESTMENT & REDUCTION IN NORTH AMERICA LAND CAPEX REPRESENT A POSITIVE MARKET SHIFT FOR CO.  Full Article

Schlumberger Expects Oil Market Sentiments To Remain Balanced From Macro Perspective
Friday, 19 Jul 2019 

July 19 (Reuters) - Schlumberger NV ::REG-SCHLUMBERGER LIMITED SCHLUMBERGER ANNOUNCES SECOND-QUARTER 2019 RESULTS.QTRLY WORLDWIDE REVENUE OF $8.3 BILLION INCREASED 5% SEQUENTIALLY.QTRLY EPS WAS $0.35."FROM A MACRO PERSPECTIVE, WE EXPECT OIL MARKET SENTIMENTS TO REMAIN BALANCED".OIL DEMAND FORECAST FOR 2019 HAS BEEN REDUCED SLIGHTLY ON TRADE WAR FEARS AND CURRENT GLOBAL GEOPOLITICAL TENSIONS.ON SUPPLY SIDE, CONTINUE TO SEE U.S. SHALE OIL AS ONLY NEAR- TO MEDIUM-TERM SOURCE OF GLOBAL PRODUCTION GROWTH.ADDED OIL SUPPLY WILL BEGIN TO FALL IN 2020 & WILL CREATE RISK FOR FUTURE AS DECLINE RATES IN MANY BASINS BECOME INCREASINGLY CHALLENGE.MAINTAIN VIEW THAT INTERNATIONAL E&P INVESTMENT WILL GROW 7% TO 8% IN 2019.SPENDING IN NORTH AMERICA LAND IS TRACKING EXPECTATIONS OF A 10% DECLINE THIS YEAR.  Full Article

Lekoil Sees H2 Avg Production About 5,800 Bopd
Monday, 15 Jul 2019 

July 15 (Reuters) - Lekoil Ltd ::OPERATIONAL & TRADING UPDATE.H1 AVERAGE PRODUCTION WAS 5,822 BARRELS OF OIL PER DAY WITH 2,329 BOPD NET TO LEKOIL NIGERIA, COMPARED TO 2,042 BOPD FOR SAME PERIOD IN 2018.PRODUCTION RATES ARE EXPECTED TO REMAIN STEADY THROUGH 2019.H2 2019 AVERAGE PRODUCTION EXPECTED TO BE CIRCA 5,800 BOPD, WITH 2,324 BOPD NET TO LEKOIL NIGERIA.ONE LIFTING IS SCHEDULED FROM FSO AILSA CRAIG IN JULY OF CIRCA 350,000 BARRELS OF OIL.2019 COSTS, COMPRISING OF OPERATING EXPENSES AND GENERAL ADMINISTRATIVE COSTS IS EXPECTED TO BE IN LINE WITH CURRENT MARKET EXPECTATIONS.JOINT VENTURE PARTNERS REMAIN FOCUSED ON PHASE TWO OF OTAKIKPO FIELD DEVELOPMENT PLAN.  Full Article

Schlumberger Sells Fishing & Tubulars Businesses To WIS & Rhône Capital
Tuesday, 14 May 2019 

May 14 (Reuters) - Schlumberger NV ::WELLBORE INTEGRITY SOLUTIONS & RHÔNE CAPITAL TO ACQUIRE FISHING AND TUBULARS BUSINESSES AND ASSETS FROM SCHLUMBERGER.SCHLUMBERGER NV - TRANSACTION IS VALUED AT APPROXIMATELY $400 MILLION.SCHLUMBERGER NV - WELLBORE INTEGRITY SOLUTIONS TO ACQUIRE BUSINESSES AND ASSOCIATED ASSETS OF DRILCO, THOMAS TOOLS, AND FISHING & REMEDIAL SERVICES.SCHLUMBERGER NV - WELLBORE INTEGRITY SOLUTIONS TO ALSO ACQUIRE PART OF A MANUFACTURING FACILITY LOCATED ON RANKIN ROAD IN HOUSTON, TEXAS.  Full Article

Schlumberger Reports Q1 Earnings Per Share $0.30
Thursday, 18 Apr 2019 

April 18 (Reuters) - Schlumberger NV ::ANNOUNCES FIRST-QUARTER 2019 RESULTS.Q1 EARNINGS PER SHARE $0.30.Q1 REVENUE $7.9 BILLION VERSUS REFINITIV IBES ESTIMATE OF $7.81 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.30 -- REFINITIV IBES DATA.NV - QUARTERLY CASH DIVIDEND OF $0.50 PER SHARE WAS APPROVED.NV - QTRLY PRETAX OPERATING MARGIN 11.5% VERSUS 12.4%.NV QTRLY REVENUE $ $7,879 MILLION VERSUS $7,829 MILLION REPORTED LAST YEAR.NV - QTRLY NORTH AMERICA AREA CONSOLIDATED REVENUE OF $2.7 BILLION WAS 3% LOWER SEQUENTIALLY.NV - FIRST-QUARTER REVENUE OF $7.9 BILLION DECLINED 4% SEQUENTIALLY, REFLECTING EXPECTED REDUCTION IN NORTH AMERICA LAND ACTIVITY.NV - CAPEX (EXCLUDING MULTICLIENT AND SPM INVESTMENTS) FOR FULL YEAR 2019 IS STILL EXPECTED TO BE APPROXIMATELY $1.5 TO $1.7 BILLION.NV QTRLY DILUTED EPS, EXCLUDING CHARGES & CREDITS $0.30.IN N. AMERICA, QTRLY REVENUE 3% LOWER SEQUENTIALLY, DRIVEN BY SOFTER PRICING & LOWER ACTIVITY FOR HYDRAULIC FRACTURING, DRILLING-RELATED BUSINESSES.NV SAYS "FROM A MACRO PERSPECTIVE, WE EXPECT OIL MARKET SENTIMENTS TO STEADILY IMPROVE OVER COURSE OF 2019".  Full Article

Schlumberger NV Says $873.5 Mln Aggregate Principal Amount Of 2025 Notes Was Tendered For Exchange In Early Participation Window
Wednesday, 27 Mar 2019 

March 27 (Reuters) - Schlumberger NV ::SCHLUMBERGER HOLDINGS CORPORATION ANNOUNCES RESULTS OF EARLY TENDERS IN DEBT EXCHANGE OFFER, AN INCREASE IN AGGREGATE PRINCIPAL AMOUNT OF NEW NOTES DUE 2028 TO $1,500,000,000, AND THE WAIVER OF THE $500,000,000 PRINCIPAL CAP ON ITS 2025 NOTES.SCHLUMBERGER NV - TOTAL OF $873.5 MILLION AGGREGATE PRINCIPAL AMOUNT OF 2025 NOTES WAS TENDERED FOR EXCHANGE BY DEBT HOLDERS IN EARLY PARTICIPATION WINDOW.  Full Article

Schlumberger Says Expect U.S. Activity,Investment To Recover During H1 2019
Tuesday, 4 Dec 2018 

Dec 4 (Reuters) - Schlumberger NV ::SCHLUMBERGER NV SE- EXPECT NORTH AMERICA REVENUE FROM OFFSHORE, LAND DRILLING TRENDING FLAT SEQUENTIALLY IN Q4.SCHLUMBERGER, ON Q4 SEQUENTIAL OUTLOOK, SAYS INTERNATIONAL REVENUE, EXCLUDING CAMERON, IS MORE OR LESS IN LINE WITH EXPECTATIONS.SCHLUMBERGER NV - SEQUENTIAL REDUCTION IN NORTH AMERICA REVENUE IN RANGE OF 15 PERCENT IN Q4.SCHLUMBERGER NV - FOR Q4 SEQUENTIALLY, IN N. AMERICA, SIGNIFICANTLY LARGER DROP IN HYDRAULIC FRACTURING ACTIVITY & PRICING, THAN PREVIOUSLY EXPECTED.SCHLUMBERGER NV - EXPECT U.S. ACTIVITY AND INVESTMENT TO RECOVER DURING THE FIRST HALF OF 2019.SCHLUMBERGER NV - "WHILE POTENTIAL TRADE WAR POSITIONING & NEGOTIATIONS CONTINUE BETWEEN U.S. & CHINA, WE HAVE YET TO SEE MAJOR IMPACT ON DEMAND OUTLOOK".SCHLUMBERGER - EXPECT U.S. ACTIVITY , INVESTMENT RECOVERY WILL LIKELY BE MEASURED INITIALLY; ACTIVITY SURGE EXPERIENCED IN H1 2018 UNLIKELY TO REPEAT.SCHLUMBERGER - EXPECTED RAMP-UP OF INTERNATIONAL INVESTMENT COULD BE SOMEWHAT MUTED IN Q1, BEFORE ACCELERATING IN SECOND HALF OF 2019.SCHLUMBERGER NV - "INVESTMENT AND ACTIVITY GROWTH IN RUSSIA AND THE MIDDLE EAST LOOKS STRONG AND FIRM FOR 2019".SCHLUMBERGER - RECENT RISE IN OIL PRICE VOLATILITY, REDUCTION IN VISIBILITY TO LIKELY MEAN CUSTOMERS TO TAKE MORE CONSERVATIVE APPROACH TO 2019 START.SCHLUMBERGER - CONTINUE TO SEE WEAKENING OF HYDRAULIC FRACTURING MARKET AS TEMPORARY, WITH EXPECTATION OF A GRADUAL RECOVERY TAKING PLACE OVER H1 2019.  Full Article

Political turmoil, price freeze cast shadow on Argentina's Vaca Muerta

BUENOS AIRES, Sept 16 In late August, amid a sharp plunge in the Argentine peso, global suppliers to oil giant YPF received an unwelcome surprise in their inbox. A four-page notice that dollar contracts would be paid at a set exchange rate, far weaker than the market rate.