The world's top oil service company Schlumberger Ltd is expected to resume operations at Iraq's biggest oilfield next week following violent protests at the company's camp, a senior Iraqi oil official said on Thursday.
Global energy service giants are banking on a boom in Saudi oil and gas drilling over the next few years to revive profits that are being squeezed by overcapacity in the North American market.
Schlumberger, Halliburton and Baker H
Increased oilfield activity in US offshore waters and overseas gave a bigger-than-expected lift to profits at Schlumberger and Baker Hughes, marking a clear divide with struggling smaller US oil services firms.
Schlumberger Limited yesterday reported fourth-quarter earnings just above recently reduced expectations, lifted by strong growth in oil and gas services beyond the shores of North America.
Schlumberger, the oilfield services sect
The state-of-the-art Bahrain Oilfield Services base of Schlumberger, the world’s largest oilfield services company with headquarters in Houston, was inaugurated yesterday.
The Jebel Al Dukhan base was inaugurated by Finance Minist
Steady growth in drilling activity outside North America gave a big lift to Schlumberger, the world's largest oil services company, but the US natural gas slump weighed even more than expected on rival Baker Hughes.
Leading oilfield services company Schlumberger introduced two new technologies that will help energy firms discover untapped hydrocarbon resources at the ongoing Middle East Geosciences Exhibition in Bahrain.
The two technologies will assi
US oil major ExxonMobil and its partners have awarded a contract to oil services firm Schlumberger to drill 15 new wells in Iraq's West Qurna Phase One oilfield, an industry source familiar with the matter said.
The contract award was
Schlumberger, the world's largest oilfield services company, posted higher-than-expected fourth-quarter profit of $1.04 billion, or 76 cents per share, up 28 per cent compared to $817 million a year earlier.
The company saw a good year ahe
Saudi-based Shoaibi Group, a leading provider of oil and gas technology products and services, has appointed David Malone, a former Schlumberger executive, as its new chief technology officer.
Malone, who has spent over 25 years at S