Oilfield services firm Schlumberger’s New Energy division on Feb. 8 appointed Florence Lambert as the CEO of its Genvia venture, effective March 1.
Lambert brings more than 20 years of experience in new energy technologies and was previously CEO of CEA-LITEN in Grenoble, France.
In January, Schlumberger New Energy, French government-funded research firm CEA and other partners, announced the European Commission’s approval for Genvia, which is a clean hydrogen production technology venture.
Genvia will focus on the development and industrial deployment of an electrolyzer technology for clean hydrogen production.
U.S. oil producer Apache raised its project spending forecast to $1.1 billion for this year as oil prices have improved since its previous outlook of keeping upstream expenses below a billion dollars.
The NorTex Midstream deal follows the acquisition of Tall Oak II and III by Tailwater Capital last month in Oklahoma’s Arkoma STACK.
Most Pioneer Natural Resources production in the Permian Basin is back online and storm damage repairs are “minor in the grand scheme of things,” CFO Neal Shah said.