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Schlumberger NV (SLB.N)

SLB.N on New York Stock Exchange

39.12USD
20 May 2019
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Latest Key Developments (Source: Significant Developments)

Questerre Energy Says Has Partnered With Schlumberger For Its Clean Tech Energy Project In Quebec
5:16am BST 

May 21 (Reuters) - Questerre Energy Corp ::QUESTERRE ENERGY CORP SAYS HAS PARTNERED WITH SCHLUMBERGER FOR ITS CLEAN TECH ENERGY PROJECT IN QUEBEC.  Full Article

Borr Drilling wins contracts for 2 rigs with Pemex
Friday, 15 Mar 2019 

March 15 (Reuters) - Borr Drilling Ltd ::BORR DRILLING LIMITED (BDRILL) - CONTRACT AWARD FOR TWO PREMIUM JACK-UP.ONE OF ITS SUBSIDIARIES, IN PARTNERSHIP WITH OPEX PERFORADORA S.A. DE C.V., HAS RECEIVED AN OFFICIAL AWARD FROM PETROLEOS MEXICANOS ("PEMEX") FOR DELIVERY OF OFFSHORE WELLS IN MEXICO.WILL DELIVER A TOTAL OF 9 OFFSHORE DEVELOPMENT WELLS TO OUR CUSTOMER UNDER AN INTEGRATED SERVICES MODEL.SCOPE OF SERVICES WILL INCLUDE DEPLOYMENT OF TWO OF COMPANY'S PREMIUM NEW BUILD JACK-UPS, "GRID" AND "GERSEMI", BOTH OF PPL 400 DESIGN WHICH ARE BUILT TO MEET REQUIREMENTS OF PEMEX, FOR PERIOD ESTIMATED TO BE AROUND 18 MONTHS AND EXPECTED COMMENCEMENT IN MID-2019.FURTHER, UNDER THIS PROJECT, BORR WILL LEVERAGE ON ITS STRATEGIC COLLABORATION WITH OUR PARTNER AND MAIN SHAREHOLDER, SCHLUMBERGER, TO PROVIDE COMPREHENSIVE OILFIELD SERVICES AND DELIVER AN END-TO-END WELL SOLUTION TO OUR CUSTOMER.  Full Article

Schlumberger Announces Debt Exchange For Three Series Of Senior Notes Of Schlumberger Holdings Corp
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Schlumberger NV ::SCHLUMBERGER ANNOUNCES DEBT EXCHANGE FOR THREE SERIES OF SENIOR NOTES OF SCHLUMBERGER HOLDINGS CORPORATION.SCHLUMBERGER - COMMENCEMENT OF PRIVATE OFFER TO EXCHANGE 3 SERIES OF SENIOR NOTES FOR NEW SERIES OF SENIOR NOTES TO BE DUE IN 2028.  Full Article

Rockwell Automation And Schlumberger Enter Joint Venture Agreement
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Rockwell Automation Inc ::ROCKWELL AUTOMATION AND SCHLUMBERGER ENTER JOINT VENTURE AGREEMENT TO CREATE SENSIA, THE OIL AND GAS INDUSTRY’S FIRST FULLY INTEGRATED AUTOMATION SOLUTIONS PROVIDER.ROCKWELL AUTOMATION - SENSIA WILL OPERATE AS AN INDEPENDENT ENTITY, WITH ROCKWELL AUTOMATION OWNING 53% AND SCHLUMBERGER OWNING 47% OF JOINT VENTURE.ROCKWELL AUTOMATION INC - JOINT VENTURE IS EXPECTED TO BEGIN SERVING CUSTOMERS, IN SUMMER OF 2019.ROCKWELL AUTOMATION INC - ROCKWELL AUTOMATION OWNING 53% AND SCHLUMBERGER OWNING 47% OF JOINT VENTURE..ROCKWELL AUTOMATION INC - ROCKWELL AUTOMATION WILL MAKE A $250 MILLION PAYMENT TO SCHLUMBERGER.ROCKWELL AUTOMATION INC - $250 MILLION PAYMENT WILL BE FUNDED BY CASH ON HAND..ROCKWELL AUTOMATION INC - JV MANAGEMENT TEAM WILL BE LED BY ALLAN RENTCOME, WHO WILL SERVE AS CHIEF EXECUTIVE OFFICER.ROCKWELL AUTOMATION INC - REAFFIRMS ITS $1 BILLION SHARE REPURCHASE TARGET FOR FISCAL 2019..ROCKWELL AUTOMATION INC - JV ENTITY WILL COMBINE ROCKWELL'S INTEGRATED CONTROL AND INFORMATION SOLUTIONS WITH SCHLUMBERGER'S OIL AND GAS EXPERTISE.ROCKWELL AUTOMATION INC - SENSIA MANAGEMENT TEAM WILL BE LED BY ALLAN RENTCOME, WHO WILL SERVE AS CHIEF EXECUTIVE OFFICER.ROCKWELL AUTOMATION INC - SENSIA TO HAVE GLOBAL HEADQUARTERS IN HOUSTON, TEXAS.  Full Article

Schlumberger Says Haven't Seen Any Real Pricing Pressure On Drilling Side - Conf Call
Friday, 18 Jan 2019 

Jan 18 (Reuters) - Schlumberger NV ::SAYS IN NORTH AMERICA, REVENUE FELL 12 PERCENT SEQUENTIALLY AS CUSTOMERS "DRAMATICALLY" CUT FRACKING ACTIVITY - CONF CALL.SAYS PERMIAN WEAKNESS EXACERBATED BY FURTHER DROP IN OIL PRICES - CONF CALL.CEO SAYS SEEING CLEAR SIGNS OF E&P INVESTMENT SENTIMENTS STARTING TO NORMALIZE IN THE PARTS OF THE WORLD - CONF CALL.CEO SAYS EXPECTS TOTAL NORTH AMERICA E&P INVESTMENT IN 2019 TO BE FLAT TO DOWN - CONF CALL.CEO SAYS WILL WITHDRAW APPLICATION FOR ACQUISITION OF EDC IF NOT SUCCESSFUL IN GETTING APPROVALS SOON - CONF CALL.SAYS HAVEN'T SEEN ANY REAL PRICING PRESSURE ON THE DRILLING SIDE - CONF CALL.  Full Article

Schlumberger Q4 Earnings Per Share $0.36 Excluding Items
Friday, 18 Jan 2019 

Jan 18 (Reuters) - Schlumberger NV ::ANNOUNCES FULL-YEAR AND FOURTH-QUARTER 2018 RESULTS.Q4 EARNINGS PER SHARE $0.36 EXCLUDING ITEMS.Q4 GAAP EARNINGS PER SHARE $0.39 INCLUDING ITEMS.Q4 REVENUE $8.2 BILLION VERSUS REFINITIV IBES ESTIMATE OF $8.04 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.36 -- REFINITIV IBES DATA.NV - QUARTERLY CASH DIVIDEND OF $0.50 PER SHARE WAS APPROVED.NV - QTRLY PRETAX OPERATING MARGIN OF 11.8 PERCENT VERSUS 14.1 PERCENT REPORTED LAST YEAR.NV QTRLY NORTH AMERICA AREA CONSOLIDATED REVENUE OF $2.8 BILLION DECREASED 12% SEQUENTIALLY.NV - CAPEX, EXCLUDING ITEMS, FOR FY 2019 EXPECTED TO BE ABOUT $1.5 BILLION TO $1.7 BILLION, LOWER THAN THE $2.2 BILLION THAT WAS SPENT IN 2018.LOOKING FORWARD TO 2019, EXPECT MORE POSITIVE SUPPLY- AND DEMAND-BALANCE SENTIMENT TO LEAD TO GRADUAL RECOVERY IN PRICE OF OIL OVER COURSE OF YEAR.NV - "RECENT OIL PRICE VOLATILITY HAS INTRODUCED MORE UNCERTAINTY AROUND E&P SPENDING OUTLOOK FOR 2019".QTRLY REVENUE DECLINED 4% SEQUENTIALLY DRIVEN BY LOWER ACTIVITY & PRICING FOR MOST PRODUCTION- & CAMERON-RELATED BUSINESSES IN N. AMERICA LAND.NV - CONFIDENT IN ABILITY TO FURTHER IMPROVE LIQUIDITY POSITION IN 2019.NV - LOWER REVENUE FROM ONESUBSEA ALSO DROVE SEQUENTIAL DECLINE IN Q4 REVENUE.NV - "EVEN WITH CURRENT OIL PRICES, WE EXPECT SOLID, SINGLE-DIGIT GROWTH IN INTERNATIONAL MARKETS" IN 2019.  Full Article

Petrofac Appoints Tarek Massoud Chief Compliance Officer
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Petrofac Ltd ::HAS APPOINTED TAREK MASSOUD TO THE NEWLY-CREATED ROLE OF CHIEF COMPLIANCE OFFICER.  Full Article

Schlumberger Says Soft Demand And Pricing To Continue Into Q4 In North America - Conf Call
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Schlumberger NV ::SAYS INTERNATIONAL BUSINESS CONTINUED TO BENEFIT FROM BROAD RECOVERY - CONF CALL.SAYS CUSTOMER ACTIVITY WEAKENED DURING Q3 AS TAKEAWAY CONSTRAINTS IN PERMIAN LIMITED PRODUCTION GROWTH - CONF CALL.EXPECTS EXCESS INTERNATIONAL EQUIPMENT CAPACITY TO BE FULLY ABSORBED BY YEAR-END - CONF CALL.CEO SAYS MAIN CHALLENGE IN THE PERMIAN GOING FORWARD IS RESERVOIR AND WELL PERFORMANCE- CONF CALL.CEO SAYS PERMIAN GROWTH COULD BE LOWER THAN ANTICIPATED, POINTING TO GROWTH IN PARENT-CHILD WELLS - CONF CALL.CEO SAYS SPM BUSINESS WILL BE CASH FLOW NEUTRAL IN 2018 AND 2019 - CONF CALL.SAYS SOFT DEMAND AND PRICING IN NORTH AMERICA TO CONTINUE INTO Q4 - CONF CALL.SAYS SOME KEY CUSTOMERS ARE LAYING DOWN FRACK FLEET LATER THIS YEAR AND INTO JANUARY- CONF CALL.EXPECTS FLATTISH REVENUE FROM INTERNATIONAL MARKETS IN Q4- CONF CALL.SAYS EARNINGS AND REVENUES FOR NORTH AMERICA LAND BUSINESS WILL BE DOWN IN THE FOURTH QUARTER- CONF CALL.SAYS "QUITE CONFIDENT" ABOUT DOUBLE-DIGIT REVENUE GROWTH IN INTERNATIONAL MARKETS IN 2019- CONF CALL.SAYS STARTING TO SEE SIGNS OF HIGHER DRILLING ACTIVITY IN OFFSHORE, PARTICULARLY SHALLOW WATER - CONF CALL.SAYS WILL REDUCE ANNUAL RECRUITING NUMBERS BY AT LEAST 1,500 TO 2,000 IN COMING YEARS - CONF CALL.SAYS LATIN AMERICA WILL SEE "SOLID" YEAR OVER YEAR GROWTH NEXT YEAR - CONF CALL.SAYS NOT SEEING MAJOR SHIFT IN ACTIVITY TO OTHER U.S. SHALE BASINS FROM THE PERMIAN - CONF CALL.  Full Article

Schlumberger Announces Third-Quarter 2018 Results
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Schlumberger NV ::ANNOUNCES THIRD-QUARTER 2018 RESULTS.Q3 EARNINGS PER SHARE $0.46.Q3 REVENUE $8.5 BILLION VERSUS I/B/E/S VIEW $8.58 BILLION.Q3 EARNINGS PER SHARE VIEW $0.45 -- THOMSON REUTERS I/B/E/S.NV - QTRLY PRETAX OPERATING MARGIN OF 13.5 PERCENT VERSUS 13.4 PERCENT.NV - CAPEX (EXCLUDING MULTICLIENT AND SPM INVESTMENTS) FOR FULL YEAR 2018 IS EXPECTED TO BE APPROXIMATELY $2.0 BILLION.NV - OFFSHORE NORTH AMERICA, DRILLING ACTIVITY WAS IMPACTED BY SCHEDULED PLATFORM MAINTENANCE AND PLANNED WORKOVER OPERATIONS.NV - EXPECT TO FULLY DEPLOY REMAINING EXCESS INTERNATIONAL EQUIPMENT CAPACITY BY END OF YEAR.IN PRICING & CONTRACTS, CONTINUED TO SEE IMPROVEMENTS IN TERMS, CONDITIONS, BASIC RATES FOR SELECTED CONTRACTS IN INTERNATIONAL MARKETS.NV - ANTICIPATE PRICING DISCUSSIONS TO ACCELERATE IN COMING QUARTERS.NV - FROM A MACRO PERSPECTIVE, OIL MARKET CONTINUED TO TIGHTEN IN Q3.IN NORTH AMERICA,SEQUENTIAL GROWTH SLOWED IN QUARTER FROM PREVIOUS QTRS AS TAKEAWAY CONSTRAINTS IN PERMIAN IMPACTED HYDRAULIC FRACTURING ACTIVITY.NV - CURRENT PERMIAN TAKEAWAY CONSTRAINTS IN NORTH AMERICA SHOULD BE ADDRESSED WITHIN NEXT 12 MONTHS TO 18 MONTHS."GEOPOLITICAL EVENTS AND THEIR IMPACT ON SUPPLY ARE ALSO BECOMING AN INCREASING OIL MARKET CONSIDERATION".NV - OFFSHORE NORTH AMERICA, DRILLING ACTIVITY WAS IMPACTED IN QUARTER BY SCHEDULED PLATFORM MAINTENANCE AND PLANNED WORKOVER OPERATIONS.NV - "CONTINUE TO SEE A NEED FOR A MULTIYEAR INCREASE IN INTERNATIONAL E&P INVESTMENT".  Full Article

Subsea 7 consortium wins "sizeable" US Gulf contract
Tuesday, 2 Oct 2018 

Oct 2 (Reuters) - Subsea 7 SA ::SUBSEA 7 AWARDED INTEGRATED CONTRACT OFFSHORE US GULF OF MEXICO.AWARD OF A SIZEABLE CONTRACT BY FIELDWOOD ENERGY TO SUBSEA INTEGRATION ALLIANCE.SUBSEA 7 DEFINES A SIZEABLE CONTRACT AS BEING BETWEEN USD 50 MILLION AND USD 150 MILLION.SUBSEA INTEGRATION ALLIANCE IS A WORLDWIDE NON-INCORPORATED PARTNERSHIP BETWEEN ONESUBSEA, SCHLUMBERGER, AND SUBSEA 7.AWARD IS FOR DEEPWATER KATMAI FIELD DEVELOPMENT IN US GULF OF MEXICO'S GREEN CANYON 40.THIS SUPPLIER-LED INTEGRATED SUBSEA DEVELOPMENT SOLUTION, COMBINES ONESUBSEA'S SUBSEA PRODUCTION SYSTEMS (SPS) AND SUBSEA 7'S SUBSEA UMBILICALS, RISER AND FLOWLINE SYSTEMS (SURF) EXPERTISE.  Full Article