(Schlumberger, 24.Oct.2022) â Schlumberger (NYSE: SLB) announced its new nameâSLBâunderscoring the companyâs vision for a decarbonized energy future and affirming its transformation from the worldâs largest oilfield services company to a global technology company focused on driving energy innovation for a balanced planet. Beginning today, the legacy Schlumberger brand and […]
Tag: Schlumberger
Schlumberger Reveals 3Q:22 Operating, Financial Results
(Schlumberger, 21.Oct.2022) â Schlumberger Limited (NYSE: SLB) announced results for the third-quarter 2022. ____________________
Schlumberger and RTI to Accelerate Carbon Capture Technology
(Schlumberger, 17.Oct.2022) â Schlumberger entered into an agreement with RTI International, a nonprofit research institute, to accelerate the industrialization and scale-up of its proprietary non-aqueous solvent (NAS) technology, which enhances the efficiency of absorption-based carbon capture. The NAS technology will be applicable to capture CO2Â across a broad variety of industrial […]
Schlumberger, Aker Solutions and Subsea 7 Create Joint Venture
(Schlumberger, 30.Aug.2022) â Schlumberger, Aker Solutions and Subsea 7 announced an agreement to form a joint venture to drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time. The agreement will bring together a portfolio of innovative technologies such as subsea gas compression, all-electric […]
CGG, PGS and TGS Announce Schlumberger Joining Versal
(CGG, 29.Aug.2022) â CGG, PGS and TGS, industry leaders of multi-client geoscience data, announce that Schlumberger has become a part of Versal, increasing its coverage to the vast majority of the worldâs multi-client seismic data. Versal was created by CGG, PGS and TGS in 2020 and launched in 2021 to […]
Schlumberger Announces 2Q:22 Results
(Schlumberger, 22.Jul.2022) â Schlumberger Limited (NYSE: SLB) announced results for the second-quarter 2022. Schlumberger CEO Olivier Le Peuch commented, âThe second quarter marked a significant inflection point for Schlumberger with a strong acceleration of revenue and earnings growth. Sequentially, revenue grew 14%, by more than $800 million; EPSâexcluding charges and […]
US Oil Services Firms Join Push for Revamped Venezuela License
(Reuters, 21.Apr.2022) â Some U.S. oilfield firms whose Venezuelan operations were frozen by sanctions are joining an appeal to Washington for authorizations to restart oil drilling in the South American country, according to eight sources with knowledge of the talks. If they are allowed to resume work, Venezuela could quickly […]
NRGBriefs: Nucor Corp. Declares Regular Quarterly Cash Dividend
(Energy Analytics Institute, 22.Feb.2022) â Energy briefs including the BODs of Nucor Corporation (NYSE: NUE) declaring the regular quarterly cash dividend of $0.50/shr on Nucor’s common stock; Select Energy Services reporting revenue of $255mn generated during the 4Q:21, up 25% sequentially from the 3Q:21; B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: […]
TGS Reveals New 3D Multi-Client In Egyptian Red Sea
(TGS, 29.Oct.2021) â TGS, a global provider of energy data and intelligence, announced a new 3D seismic survey in the Red Sea, Egypt, in partnership with Schlumberger. The project will encompass approximately 6,800 square kilometers and will be acquired with long offsets and processed using a Pre-Stack Depth Migration (PSDM) […]
LatAm Briefs: EP PetroEcuador Tenders, Ofac License Extension To Chevron
(Energy Analytics Institute, 2.Jun.2021) â Energy briefs from the Latin America and Caribbean region including: EP PetroEcuador generating $768mn thru ten tenders of Oriente and Napo crude oil between January and May 2021 and the USâ OFAC extending a general license to Chevron and others to continue operating in Venezuela. […]
LatAm Briefs: Ofac Venezuela, SEOGS2021 Kicks Off, Net Zero Summit
(Energy Analytics Institute, 1.Jun.2021) â Energy briefs from the Latin America and Caribbean region including: Ofac extending Chevronâs operating license in Venezuela; Microsoft founder, Bill Gates, participating in the Innovating To Net Zero Summit; and the kick off of the Suriname Energy, Oil and Gas Summit (SEOGS2021). Ofac Extends Chevronâs […]
Equinor Awards Bacalhau Drilling Contracts
(Equinor, 10.Nov.2020) â Equinor has, on behalf of the partners ExxonMobil and Petrogal Brasil, awarded Baker Hughes, Halliburton and Schlumberger contracts for drilling and well services on the Bacalhau field in Brazil. The total value of the three contracts is estimated at $455mn. The contracts have a firm period of […]
Oil Industry Frets Recruiting Next Generation Of Workers
(WSJ, 18.Aug.2020) â A growing distaste for the oil business among potential young employees, combined with the economic crisis of the pandemic, could make it harder to tackle competition from renewable energy and electric vehicles. Two years out of college, Leah Sanders was making as much as $19,000 a month […]
Chevron In Effect Barred From Venezuela
(Bloomberg, 21.Apr.2020) â Chevron Corp. will be forced to effectively wind down its operations in Venezuela, dealing the Maduro regimeâs crumbling oil industry another blow as U.S. President Donald Trump maneuvers for regime change in the Latin American nation. The U.S. Treasury Department will no longer allow the company to […]
Trump Tells Chevron To âWind Downâ In Venezuela
(AP, 21.Apr.2020) â The Trump administration on Tuesday ordered Chevron Corp. to âwind downâ operations in Venezuela by Dec. 1, barring the California-based oil giant in the meantime from drilling or exporting, as the U.S. increases pressure on President NicolĂĄs Maduro to give up power. Chevron is the last major […]
US Reviews Need For Venezuela Waivers: Update
(Argus, 16.Apr.2020) â The US is rethinking the premise behind its earlier decision to allow Chevron and other US and international firms to continue their presence in Venezuela, as it steps up the pressure of sanctions designed to force Venezuelan president Nicolas Maduro to step down. Chevron and European oil […]
Armando Zamora To Head Colombia ANH
(ANH, 12.Mar.2020) â Colombiaâs National Hydrocarbon Agency or ANH announced appointment of Armando Zamora Reyes as its new president, replacing Luis Miguel Morelli. Zamora, a mechanical engineer and specialist in high government at the University of Los Andes, was sworn in by Colombiaâs Minister of Mines and Energy MarĂa Fernanda […]
Equinor Strengthens Presence In Vaca Muerta
(Equinor, 31.Jan.2020) â Equinor and its partner Shell have completed a joint acquisition of the 49% interest held by Schlumberger in the Bandurria Sur onshore block in Argentinaâs NeuquĂ©n province. The consideration for each partner for their 24.5% interest is $177.5mn. The block covers around 56,000 gross acres in the […]
Schlumberger Completes Sale Of Bandurria Sur
(Schlumberger, 31.Jan.2020) â Schlumberger announced today that it has completed the sale of its 49% interest in the Bandurria Sur Block in NeuquĂ©n, Argentina to Shell Argentina S.A. and Equinor. YPF will continue as operator of the block. This divestment covers all of Schlumbergerâs interest in the Bandurria Sur shale […]
Equinor Awards FEED Contract For Bacalhau Field
(Schlumberger, 30.Jan.2020) â Schlumberger announced an award to Subsea Integration Alliance of an exclusive contract by Equinor for the front-end engineering design (FEED) on its Bacalhau (formerly CarcarĂĄ) project offshore Brazil. The contract scope brings together field development planning, project delivery and total life cycle solutions under an extensive technology […]
YPF Deepens Partnership With Equinor And Shell
(Energy Analytics Institute, Aaron Simonsky, 31.Jan.2020) â The presidents of YPF, and European companies Equinor and Shell meet to discuss the scope of signed agreements and plans for the development of the Bandurria Sur Block. Executives participating the discussions included: YPF President Guillermo Nielsen, Equinor President Nidia Ălvarez Crogh, Shell […]
Chevron Gets 4th Reprieve From Venezuela Sanctions
(Argus, 17.Jan.2020) â Washington will allow Chevron and four US oil field service providers to continue operating in Venezuela until 22 April by granting a fourth waiver late yesterday from US sanctions imposed almost a year ago on the Opec country. The US Treasury Department sanctions enforcement arm, the Office […]
Guaido Survival Likely To Buy Chevron More Time
(Argus, 7.Jan.2020) â The White House appears likely to extend a waiver for Chevron to operate in Venezuela after US-backed opposition leader Juan Guaido overcame a government-backed rival to retain control of the National Assembly. Guaido, accompanied by allied deputies, pushed past heavy security surrounding the assembly this morning and […]
US Considering More Venezuela Sanctions
(S&P Global Platts, 6.Jan.2020) â The US may respond to escalating political disarray in Venezuela by allowing a sanctions waiver for Chevron and four US oil services companies to expire later this month and could ratchet up oil sanctions on foreign companies still working in the South American country, analysts […]
Unpaid Bills Add To Pemex Woes
(Bloomberg, Amy Stillman, Peter Millard and Justin Villamil, 26.Nov.2019) â Companies that help keep Mexicoâs faltering oil wells operating are waiting months to get paid and the debts are building up, complicating efforts to revive an industry whose production has plunged by half since 2004. Pemex, facing pressure from the […]
Venezuelan Oil Output Could Be Halved Without Chevron Waiver
(S&P Global Platts, Brian Scheid, 14.Oct.2019) â Venezuelan oil production, already averaging a historic low near 600,000 b/d, could quickly plummet below 300,000 b/d if the Trump administration allows a waiver for Chevron and four US oil services companies to expire next week, analysts told S&P Global Platts. “I think […]
Energy Cos Caught In Spat Over Venezuela Sanctions
(Chron, Sergio Chapa, 7.Oct.2019) â Frequent power outages, theft of equipment, a political tug-of-war and billions of dollars in losses would seem to signal to businesses that itâs time to get out of Venezuela. But energy companies with headquarters or major operations in Houston â including the oil major Chevron […]
Chevron To Keep Drilling In Venezuela Despite Sanctions
(Reuters, 26.Jul.2019) â The administration of United States President Donald Trump said on Friday that it has renewed Chevron Corp’s licence to drill for oil and gas in Venezuela despite sanctions, signalling that it sees value in having the US oil producer operate in a country on the verge of […]
Chevron Call To Chart Venezuela Sanctions
(Argus, 25.Jul.2019) â A US government decision over Chevron’s expiring license to work in Venezuela is the first test of its willingness to ease sanctions that have so far failed to bring about regime change. Under oil sanctions imposed on 28 January, the US Treasury gave Chevron and a clutch […]
YPF Targets Increasing Production At La Amarga Chica And Loma Campana
(Energy Analytics Institute, Aaron Simonsky, 23.May.2019) â YPF plans to conduct two lateral drilling operations near 4,000 meters and carry out some 80 staged fractures in each operation. The first one has already begun to drill at the Schlumberger-operated Bandurria Sur and the other will be in Loma Campana, reported […]
Shellâs STEM Path To The Future
(Trinidad and Tobago News Day, Melanie Waithe, 11.Apr.2019) â Ever took a walk on the bottom of the sea, to see how natural gas is extracted from beneath the earthâs surface and brought on land to be processed at a liquefied natural gas (LNG) facility? More than 900 students got […]
PDVSA Installs Two Heavy Oil Desalters
(Energy Analytics Institute, Ian Silverman, 5.Jul.2018) â The land transfer of two from BolĂvar to AnzoĂĄtegui states, for oil crude desalination has successfully been completed. The main function of both desalination plants is the subtraction of water and salt contained in heavy oil crude. The two mega-structures were constructed with […]
Vaca Muerta Megaproject â A Fracking Carbon Bomb In Patagonia
(Observatorio Petrolero Sur, 5.Feb.2018) â Vaca Muerta is a leading case for the next generation of fossil fuels. Big Oil and Gas companies are keen to turn it into a success story âwhich is why we collectively need to put a stop to this if we are serious about restricting […]
YPF And Schlumberger Ink Bandurria Sur JV Deal
(Schlumberger, 12.Apr.2017) â Schlumberger President of Operations, Patrick Schorn, and YPF Chairman, Miguel Ăngel GutiĂ©rrez, signed an agreement to start a shale oil pilot project in Bandurria Sur Block in Vaca Muerta, NeuquĂ©n. The agreement, signed in YPFÂŽs offices in Buenos Aires involves a USD 390 million phased investment by […]
PDVSA and Schlumberger Discuss Business Relations
(PDVSA, 22.Feb.2017) â On February 21, 2017, Schlumberger CEO Paal Kibsgaard, visited the headquarters of PetrĂłleos de Venezuela S.A. (PDVSA) to hold a meeting with PDVSA President Eulogio Del Pino. The agenda focused on Venezuela opportunities as the low oil price cycle is coming to an end. They exchanged views […]
Schlumberger Rigs to Operate Under Different Scheme
(Energy Analytics Institute, Jared Yamin, 11.Jun.2016) â Schlumberger’s fourteen drilling rigs in Venezuela will soon commence to operate under a different financial scheme, reported PDVSA in an official statement on its website. âThere are fourteen Schlumberger rigs that will soon operate under different financing schemes,â reported PDVSA, citing its president […]
PDVSA, Schlumberger Maintain Relationship in Venezuela
(Energy Analytics Institute, Jared Yamin, 10.Jun.2016) â PDVSA and oil field services giant Schlumberger continue to maintain their operational relationship, reported PDVSA in an official statement, citing a Schlumberger legal representative. Schlumberger and PDVSA are working to maintain and increase joint business activities, said Schlumberger Venezuela Operations Vice President Roy […]
Executive Profile: YPF New CEO Ricardo Darré
(Energy Analytics Institute, Jared Yamin, 6.Jun.2016) â Ricardo DarrĂ© will assume the position of CEO at YPF on July 1, 2016, taking over the helm from the interim CEO. DarrĂ© graduated from the Buenos Aires Technology Institute (ITBA by its Spanish acronym) with a specialization in mechanical and industrial engineering, […]