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Schlumberger today provided the following update with regard to its operations in Russia: “We have watched with immense concern as the conflict in Ukraine has escalated,” said Chief Executive Officer Olivier Le Peuch. “First and foremost, we are deeply focused o...
The energy sector (XLE -3.7%) suffered a broad beating Tuesday and the group was the only S&P sector to finish in negative territory, as crude oil prices plunged below $100/bbl. April WTI crude (CL1:COM) closed -6.4% at $96.44/bbl, its lowest settlement since February 28, and May Bre...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Oil prices are tumbling for the second consecutive day, leaving many oil stocks down again on Tuesday, with both West Texas Intermediate (WTI) and Brent crude falling below the key $100-per-barrel mark. Yesterday, the Energ...
Schlumberger (NYSE:SLB) announces a "major" contract award by Saudi Aramco for integrated drilling and well construction services in a gas drilling project; the specific value of the contract is not disclosed. The project scope includes drilling rigs and technologies and services, including d...
Integrated well construction project will use differentiated drilling technologies, digital solutions and regional domain expertise to optimize customer performance Schlumberger announced today a major contract award by Saudi Aramco for integrated drilling and well construct...
A report released by the Department of Energy Monday showed "drilled but uncompleted" wells fell by 156 from January to February. The measure is an indication of well inventory for the industry; once inventory becomes sufficiently low, producers will need to accelerate drilling to keep up wit...
Listen on the go! A daily podcast of Wall Street Breakfast will be available this morning on Seeking Alpha, iTunes, Stitcher and Spotify. Stocks fell Friday as risk sentiment worsened after Ukraine’s top diplomat said he didn’t see progress in negotiations between Russia and Ukr...
The S&P energy sector (NYSEARCA:XLE) rose 2% this week even as U.S. benchmark crude oil posted its first weekly loss since Russia invaded Ukraine, capping a week of volatile trading that isn't likely to let up soon. WTI front-month crude (CL1:COM) closed Friday +3.1% but ended with a 5.5%...
The INNOVATION FACTORI provides digital innovation for customers, driving AI at enterprise scale Schlumberger today expanded its successful INNOVATION FACTORI network with the opening of a new center in Houston, Texas. INNOVATION FACTORI enables customers to accelerate the d...
Energy stocks (XLE -3.1%) comprise Wednesday's five biggest losers on the S&P 500, as crude futures plunged by the most since November after the United Arab Emirates and Iraq signaled OPEC may have greater willingness to raise production, as well as hopes for a de-escalation of the Russia...
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Regulatory News: SLB (NYSE: SLB) today announced that it will proceed with a voluntary delisting of its shares (ISIN: AN8068571086) from Euronext Paris. Consistent with its prior decisions to delist from other exchanges, SLB reviewed the low trading volumes on the Euronext Paris and, give...
Long-term partnership will digitally transform Aker BP’s subsurface workflows to lower costs, shorten planning cycles and increase production more sustainably Regulatory News: This press release features multimedia. View the full release here: https://www.businesswire.com/n...