Highlands Natural Resources is aiming to conduct first commercial tests for its DT Ultravert refracking technology this summer it has confirmed.
Schlumberger Ltd. cut more jobs in the first quarter as the world’s largest provider of oilfield services sees the industry in an unprecedented downturn.
Schlumberger said its profits nearly halved in the first quarter of the year as the company cuts costs amid the continued decline in oil price.
Schlumberger Ltd. will reduce activity in Venezuela after the world’s largest oil services provider failed to collect enough payments from the national oil company.
Halliburton acquisition of Baker Hughes (BHI.N), a deal which US authorities say is uncompetitive, is being looked at again by EU competition regulators.
An Aberdeen oil and gas consultancy has been snapped up by industrial giant Schlumberger for an undisclosed sum.
Schlumberger has announced the completion of its £10billion-plus cash and shares deal to buy energy service industry rival Cameron International
Schlumberger and Cameron International have been given approval by the Chinese Ministry of Commerce for their proposed merger.
Leaders of the world’s largest suppliers of offshore drilling rigs and the services that go with them see the oil market recovery taking even longer than expected last year.
There is an urgent need for a change in the way the energy industry works given that oil prices are expected to be "medium-for-longer", according to Schlumberger chief executive Paal Kibsgaard.
Organisers of Europe’s largest biennial oil and gas industry event have appointed a new conference chair for SPE Offshore Europe 2017 in Aberdeen.
Sound Energy has begun work on its Tendrara licence area with contracts awarded for the first well to be drilled.
The European Union today cleared the purchase of equipment maker Cameron International by Schlumberger, the world's No 1 oilfield services provider.
Ophir Energy has struck a deal with Schlumberger for its Fortuna FLNG project in Equatorial Guinea.
Oilfield services company Schlumberger said it will continue to 'adapt' to the North Sea oil and gas industry as the oil price continues to stay lower for longer. The company described the situation in the UK as "challenging" after revealing it had cut 10,000 jobs while also reporting a loss of $1billion during the final quarter of last year.
Schlumberger said it cut a further 10,000 jobs while also reporting a loss of $1billion during the final quarter of last year. The oil field services company said its workforce has been reduced by more than 25%.
Schlumberger Ltd. posted a fourth-quarter loss as the company cut another 10,000 jobs and took a $1.46 a share charge to account for restructuring as the oil market downturn deepened.
Sound Energy, the European/Mediterranean focused upstream gas company, has said its ability to attract companies such as Shell and Schlumberger as partners illustrates the potential in its portfolio.
Sound Energy has entered into a three-well field management agreement with Schlumberger for the Tendrara licence, onshore Morocco.
Cameron said its shareholders have approved a bid by oil services giant Schlumberger to take over the company in a deal worth $12.7billion. The transaction is expected to be completed by next year.
Schlumberger has yet to confirm where or exactly when it expects to reduce its headcount by another 20,000.
The US Department of Justice has approved the proposed merger between industry heavyweights Schlumberger and Cameron.
Schlumberger is set to acquire Fluid Inclusion Technologies (FIT) in another acquisition deal for the company. The US-based oil and gas service specialises in laboratory analysis of trapped fluids in rock material and advanced borehole gas analysis on drilling wells.
Cameron International has said it will reduce its headcount further as the low oil price continues. The company said around 75 jobs would go in early January next year. The move comes after the company previously said it would be letting 150 staff members go this autumn.
Russia's largest oil driller Eurasia Drilling has formally delisted following a buyout by company's shareholders.