The head of the world’s largest oilfield service company believes market conditions will improve this year after a rough start.
Schlumberger, a bellwether for the oilfield services sector, said recent volatility in crude prices has led to more uncertainty in the spending outlook for oil and gas producers.
Esso Australia Pty Ltd. awarded the alliance—which comprises OneSubsea, a Schlumberger company, and Subsea 7—integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) contracts, Schlumberger said in a news release.
A system looks to optimize value in directional drilling by minimizing deviation from planned wellbore trajectory, minimizing tortuosity and more.
CGG has commenced the acquisition of a new high-density 3-D survey in the Anadarko Basin, the company said on Jan. 15.
A Permian standard is emerging after experimentation during a decade of drilling the basin’s multiple unconventional shales has found diminishing returns, says CEO of reserve evaluation firm Haas Engineering.
Mark Richard has been promoted as Halliburton’s new president of the Western Hemisphere, replacing Jim Brown who is leaving after more than 20 years with the oilfield services company.
The number of U.S. LNG vessels that went to China in 2018 fell by around 20% from the prior year as the trade war between Beijing and Washington heated up.
Optime Subsea said its Subsea Controls and Intervention Light System will be used as part of the contract.
Oil services group TechnipFMC said on Jan. 10 Doug Pferdehirt would replace Thierry Pilenko as its executive chairman, following Pilenko’s imminent retirement.