Schlumbergers chief financial officer has announced plans to step down following the company's £9.3billion pre-tax loss in October.
As some of the North Sea’s private equity-backed players prepare themselves for public listings, 2020 is expected to be a “big year” for gauging the size of investors’ appetites.
Heavy impairment charges led Schlumberger to a loss of £9.3billion before tax in its third quarter results.
The recent oil price jump could create further momentum for service sector margins, according to Rystad Energy.
Lower oil prices will push the global service market into a recession in 2020 after three successive years of growth, according to Rystad Energy.
Dyce-based oil-well technology firm Plexus and a Newcastle valve maker have formed a joint venture to supply equipment North Sea operators are “crying out for”.
Oilfield services giant Weatherford International has announced further backing from lenders for financial restructuring plans aimed at significantly reducing its colossal debt pile.
Expro has cash in the bank and is in good shape for “conservative growth” amid a recovery in its core markets, one of the oilfield service company’s bosses said yesterday.
In eras of high oil prices, operators have focused on bringing oil to market, with less consideration for the costs and risks they incurred.
Oilfield service firms’ failure to properly train front desk staff is damaging their chances of securing contracts, a new report said.
As companies have continued to consolidate during the oil and gas market downturn, Céline Delacroix, Associate Partner, EMEIA Oilfield Services at EY, explains how this activity is creating investment and growth opportunities in the oilfield services sector.
Oilfield services leaders in the UK have been told they have “done well to survive” but need to get over risks around innovation.
The UK oilfield services (OFS) sector is now “back from the brink” after reporting a drop in turnover of 15.5% for 2016, according to a new report from EY.
Oil-field service (OFS) companies are increasingly looking for work in offshore wind as activity in core markets remains suppressed, an analyst has said.
A combination of more stable oil prices and signs of new investment have provided grounds for “cautious optimism” for the UK oilfield service sector, according to analysis published by EY today.
Halliburton has posted a surprise quarterly profit.
Oil workers in Aberdeen have been put on gardening leave from Schlumberger for up to a year on 20% of their normal salary – but can’t work anywhere else.
There is hope in the oilfield service industry despite the current downturn with a project $30billion growth from 2014-2018 according to a leading analyst.
Aberdeen-based well-flow management group Expro has appointed Jim Renfroe as a non-executive director.
US oilfield services major, Baker Hughes, has opened a research and technology centre in Dhahran, Saudi Arabia to concentrate on new ways of unlocking "unconventional" hydrocarbons like shale gas.
Do you ever read BBC economics chap Robert Peston's blog on the BBC website? I do because it provides some interesting insight into how the City is thinking or - as recent events would seem to prove - not thinking.