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Saturday, March 24, 2018

Schlumberger News

Park Towers South Houston Texas headquarters of Cameron

Schlumberger, Cameron Merger Complete

Schlumberger Limited (NYSE:SLB) announced today that it has closed its merger with Cameron International Corporation. As previously announced, each Cameron stockholder is entitled to receive 0.716 shares of Schlumberger common stock and $14.44 in cash, in exchange for each Cameron share. Schlumberger has issued approximately 138 million shares pursuant to the merger. As a result, former Cameron stockholders own approximately 10% of Schlumberger’s outstanding shares of common stock.

Bill Vass CEO Liquid Robotics. (Photo: Liquid Robotics)

Liquid Robotics, Schlumberger Form Oil & Gas Joint Venture

Liquid Robotics, Inc. and Schlumberger announced the creation of Liquid Robotics Oil & Gas, a joint venture to develop services for the oil and gas industry using Wave Gliders, the world’s first wave-powered, autonomous marine vehicles. The joint venture will combine Liquid Robotics Wave Glider technology with Schlumberger oil and gas expertise and industry knowledge to integrate and deploy new solutions for customers worldwide. Liquid Robotics and Schlumberger have equal ownership of the joint venture.

The survey includes the extensions to the original program in the Mozambique Channel, south extension offshore the Limpopo River, and the Rovuma basin.

Multiclient Seismic Data Offshore Mozambique Available from Schlumberger

Schlumberger announced today the availability of its multiclient seismic survey offshore Mozambique. The Schlumberger multiclient seismic data offered in collaboration with the National Petroleum Institute of Mozambique (INP) includes reprocessed 2D lines and newly acquired seismic data, and provides detailed imaging of the subsurface. “The recent discoveries and regional appraisals in the area indicate significant frontier exploration potential,” said Maurice Nessim, president, PetroTechnical Services, Schlumberger.

Weatherford scraps JV, Sells Biz to Schlumberger

U.S. oilfield services company Weatherford International Plc on Friday sold a U.S. oil-well business to rival Schlumberger NV for $430 million, abandoning a planned joint venture. Weatherford has struggled with losses and has been looking to sell units and raise cash to reduce about $7.9 billion in debt. It suffered a $875 million loss on $4.21 billion in revenue for the first nine months of this year. In March, the company agreed to put its North American pressure pumping and…

Subsea J/V Launched by Cameron & Schlumberger

The joint venture company, OneSubsea, is to manufacture and develop products, systems and services for the subsea oil and gas market. This new company intends to offer a step change in reservoir recovery for the subsea oil and gas industry through integration and optimization of the entire production system over the life of the field. The integration of the production system will be accomplished by combining superior reservoir knowledge and wellbore technologies, with industry leading subsea technologies, all together delivering enhanced productivity, reliability and integrity.

OneSubsea, Helix and Schlumberger to Form Alliance

OneSubsea™, a Cameron and Schlumberger company, Helix Energy Solutions Group, Inc. and Schlumberger today announced that they have entered into a letter of intent to form an alliance to develop technologies and deliver services to optimize the cost and efficiency of subsea well intervention systems. Helix is a leading subsea well intervention provider, with the largest fleet size of well intervention vessels, and an unequalled track record in cost-effective subsea well intervention.

Petrel E&P Software Platform The Petrel platform enables discipline experts to work together and make the best possible decisions—from exploration to production.

BP Standardizes on Schlumberger Technology

Schlumberger announced today that the Petrel* E&P software platform will support BP’s new digital technology roll out. The first deployment of the two-year global implementation has been successfully completed for staff at the company’s business unit in Aberdeen, Scotland. “The Petrel platform is replacing an existing software toolkit to help upstream technical staff optimize work processes, improve efficiency and reduce non-productive time associated with drilling new wells,” said Uwem Ukpong, president, Schlumberger Information Solutions.

Schlumberger: No More Job Cuts Expected in Current Oil Slump

Schlumberger Ltd, the world's No.1 oilfield services provider, said it was optimistic that it had completed the job cuts needed in this oil downturn. Executives speaking on the company's earnings call on Friday said they expected "positive movement" in oil prices in 2016, but that any significant recovery in activity levels would come next year. Schlumberger reported a slightly better-than-expected quarterly profit on Thursday as it cut costs again - mostly through 10,000 job cuts - and the company unveiled a $10 billion share buyback program.

Jamie Pollard (Photo: QinetiQ)

QinetiQ Names CEO for OptaSense

QinetiQ has appointed Jamie Pollard as CEO of its Distributed Acoustic Sensing (DAS) subsidiary, OptaSense. Pollard brings over 20 years’ of experience from oilfield services company Schlumberger, where he ran and grew large global businesses and joint ventures, working across the U.K., U.S., Continental Europe and Africa. Pollard graduated with a degree in Mechanical Engineering from Loughborough University of Technology. Steve Wadey, CEO of QinetiQ said, “I am delighted to be…

Graeme Slater (Photo: WFS Technology Ltd.)

Slater joins WFS Technologies as Sales Manager

WFS Technology Ltd. has appointed Graeme Slater as Sales Manager for the U.K., Australia and Southeast Asia. He is based in Aberdeen. Since joining WFS in March, Slater has been supporting the company’s U.K. and international customers in its use of Seatooth-enabled products to increase production and reduce costs. Prior to joining WFS Slater spent 13 years at Schlumberger in domestic and international managerial positions as the main point of contact. Before Schlumberger, he worked in engineering roles for National Oilwell Varco and Wood Group Engineering.

Quanta Geo

Schlumberger Launches First Photorealistic Reservoir Geology Service

Schlumberger today launched the Quanta Geo* photorealistic reservoir geology service at the Offshore Northern Seas Annual Conference and Exhibition. The new service includes the industry’s first microresistivity imager that produces oriented, photorealistic, core-like images of the formation in wells drilled with oil-base mud (OBM). Interpretation of the images identifies geological features and predicts reservoir trends in 3D with a high degree of certainty. “Geological imaging in wells drilled with OBM has long been recognized by operators as a major technical challenge…

Halliburton to Cut 5,000 Jobs in New Round of Layoffs

Oilfield services provider Halliburton Co , pressured by a prolonged slump in crude oil prices, will further slash its workforce by about 8 percent, or by 5,000 jobs, company spokeswoman Emily Mir told Reuters on Thursday. The more than 70 percent fall in global crude prices since mid-2014 has led to a series of job cuts and additional cost-cutting efforts from several companies including the world's largest oilfield services provider, Schlumberger Ltd . Halliburton has already reduced its global headcount by 25 percent, or almost 22,000 employees, since 2014.

Golar Spirit, the world's first FSRU. Pic: Golar LNG

Golar LNG Teams Up with Schlumberger

Golar LNG has signed a Memorandum of Understanding with Schlumberger to co-operate on the global development of greenfield, brownfield and stranded gas reserves. Under the Memorandum, Golar and Schlumberger have agreed to jointly market gas monetization solutions to owners, investors and governments. Golar will contribute the Floating LNG assets and technology while Schlumberger, via its special project management division, will provide upstream development knowledge, resources and capital.

Combining unique microfluidic chip technology and spectroscopy, Maze microfluidic SARA analysis delivers precise fluid measurements that are always repeatable and reproducible. Image Schlumberger

Schlumberger Unveils Microfluidic Analysis Technology at OTC

HOUSTON, May 2, 2016—Schlumberger announced today at the 2016 Offshore Technology Conference the release of the Maze* microfluidic SARA analysis for reservoir fluids characterization. This is the first commercial application of microfluidic analysis technology in the oil and gas industry. The Maze microfluidic SARA analysis fully automates the process for testing oil samples for saturates, aromatics, resins and asphaltenes (SARA)—coupling novel microfluidic technology with spectroscopy.

AAPG Outstanding Students Receive Schlumberger Scholarships

Schlumberger announced its contribution of five scholarships to the American Association of Petroleum Geologists’ (AAPG) Outstanding Student Chapter Awards. Two universities were selected as the 2013 chapter winners and four additional universities were awarded honorable mention student chapter scholarships. Colorado School of Mines in Golden, Colorado was the top award recipient among United States–based chapters, and the Universitas Indonesia in Jakarta was honored as the outstanding international chapter.

Schlumberger Slashing 9,000 Jobs

Shlumberger Ltd, the world's No.1 oilfield services provider, said it will cut 9,000 jobs, or about 7 percent of its workforce, as it focuses on controlling costs amid plummeting oil prices. The company said it took charges amounting to $1.77 billion in the fourth quarter including impairment charges related to its seismic business, Venezuela currency devaluation and job cuts. Schlumberger had said last month that it would take a $1 billion charge related to jobs cuts and the writedown of some seismic vessels.

Harris Corporation Completes Acquisition Of Schlumberger Global Connectivity Services

Harris Corporation, an international communications and information technology company, has completed its previously announced acquisition of the Global Connectivity Services (GCS) business from an operating unit of Schlumberger. Harris combined the former Schlumberger GCS business with its existing Maritime Communications Services business and the recently acquired CapRock Communications, and infrastructure assets from Core180's government business to form Harris CapRock Communications…

Zambelli appointed CCO, Maersk Drilling

Ana Zambelli, currently Managing Director for Subsea Operations at Transocean, will take up the role as Chief Commercial Officer (CCO) in Maersk Drilling. She will start 1 June 2015 reporting directly to CEO Claus V. Hemmingsen. Ana Zambelli will assume the position as CCO after Martin Fruergaard, who after 25 years in the Maersk Group, six of them as CCO for Maersk Drilling, will leave Maersk Drilling. “Martin has for more than 25 years served the Maersk Group in various positions…


OTC Names Technology Award Winners

The Offshore Technology Conference (OTC), which takes place May 4-7 in Houston, has announced 17 technologies that will receive the Spotlight on New Technology SM Award. The 2015 awards will be presented May 4, in the NRG Center Rotunda Lobby. The Spotlight on New Technology Awards—a program for OTC exhibitors—showcase the latest and most advanced hardware and software technologies that are leading the industry into the future. In support and recognition of innovative technologies being developed by small businesses…

FMC Technologies Announces Executive Changes

FMC Technologies, Inc. (NYSE:FTI) said that  Robert L. Potter has been appointed President of the company. Potter assumes this responsibility from John T. Gremp who remains Chairman and Chief Executive Officer (CEO). "Bob is an experienced and well-respected leader with a deep understanding of our markets and technologies," said Gremp. Potter previously served as Executive Vice President of Energy Systems with responsibility for the Subsea Technologies, Surface Technologies and Energy Infrastructure business segments, in addition to several support functions.

StingBlade bits increase run length and ROP while delivering improved steering response in directional applications.

Schlumberger Debuts StingBlade Bit

Smith Bits, a Schlumberger company, announced today the introduction of StingBlade* conical diamond element bit. StingBlade bits increase run length and rate of penetration (ROP) while delivering improved steering response in directional applications. “In the continuous drive for increasing efficiency and lowering costs while drilling, our customers expect that each section is drilled from shoe to total depth with one drill bit at a high rate of penetration,” said Malcolm Theobald, president, Bits & Advanced Technologies, Schlumberger.

Jean-Michel Rouylou

ITC Global Names Rouylou as Americas Executive VP

ITC Global has announced that it has named Jean-Michel Rouylou as its new Executive Vice President of Americas and Maritime Solutions. The move comes as the company expands its organization and establishes its Americas regional headquarters in Houston, Texas. The new appointment and regional headquarters are part of ITC Global's expanding presence as a premier satellite communications service provider to the oil and gas, mining and maritime markets. Over the past several months…

(Image: Courtesy Tidewater Inc. www.tdw.com)

Tidewater CEO Taylor to Retire

Tidewater Inc. (NYSE:TDW) announced today that Dean Taylor, its President and CEO since March 2002, will retire as an executive officer of the company effective May 31, 2012, after a 34-year career with Tidewater. Mr. Taylor will remain on the Board of Directors, and serve as Tidewater’s non-executive Chairman of the Board. Jeffrey M. Platt will become Tidewater’s new President and CEO effective June 1, 2012. Platt has been Tidewater’s COO, overseeing Tidewater’s domestic and international marine operations, since July 2006.

The Invizion Evaluation service optimizes cement evaluation for zonal isolation using integrated data. Download

Schlumberger Introduces New Well Integrity Service

Schlumberger announced today the release of Invizion Evaluation* well integrity service, which helps operators evaluate zonal isolation by using integrated drilling, cementing and well logging data. “One key component in achieving zonal isolation is cementing, which can impact productivity, help prevent sustained casing pressure and annular flow, and mitigate loss of well control issues,” said Amerino Gatti, president, Well Services, Schlumberger. “The Invizion Evaluation service combines all available data from open hole…

Image by Royal Dutch Shell Plc

Schlumberger to Buy Stake in Fortuna LNG

Oilfield services giant Schlumberger is entering Ophir Energy’s Fortune floating liquefied natural gas (LNG) project off Equatorial Guinea after agreeing a preliminary deal with the UK player for a stake in the development. The non-binding agreement has Schlumberger receiving a 40-percent interest in the project, with a permanent deal expected in Q2 2016. The services provider plans to reimburse 50 percent of Ophir’s past costs through a development carried interest. It is expected to cover the company’s capital expenditure on the project until the first sales of LNG.

Johnson Joins Speedcast as Senior VP, Energy

SpeedCast International Limited (SpeedCast) announced that Keith Johnson has joined SpeedCast as senior vice president / GM in charge of Energy services globally. In this role, Johnson will oversee all of SpeedCast’s business activities for the Energy sector (Oil and Gas in particular), including strategic planning, program management, business development and global sales for SpeedCast’s worldwide operations. Johnson has experience in the Satellite Telecommunication and Energy industries, which he gained over the past 30 years.