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Schlumberger Ltd. to pay $232M in sanctions violations case

2015-03-25 23:44:50| Energy - Topix.net

The world's largest oil services company, Schlumberger Ltd., has agreed to a penalty of more than $232 million and one of its subsidiaries will plead guilty to trade sanctions violations. The Justice Department on Wednesday announced the case against Schlumberger Oilfield Holdings Ltd., accusing the wholly owned subsidiary of illegally conducting business with Sudan and Iran in violation of U.S. economic sanctions.

Tags: case pay violations sanctions

 

Domtar Welcomes Innovation Investment by Schlumberger in CelluForce

2015-03-25 21:39:46| Industrial Machines - Topix.net

Domtar Corporation announced today an investment by Schlumberger in CelluForce, a joint venture between Domtar and FPInnovations that manufactures wood-derived nanocrystalline cellulose . The investment is a collaboration to explore the use of NCC to enhance the productivity of oil and gas wells.

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Schlumberger Sees Drop in Industry E&P Spending

2015-03-23 22:25:36| Energy - Topix.net

Schlumberger Ltd, the world's No.1 oilfield services provider, said it expects the oil and gas industry's spending internationally on exploration and production to drop by 10-15 percent in 2015. A 50 percent drop in global oil prices since June has prompted oil and gas producers to cut back spending and shore up dwindling cash reserves.

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Schlumberger Sees Drop in Industry E&P Spending

2015-03-23 22:18:01| Oil & Gas - Topix.net

Schlumberger Ltd, the world's No.1 oilfield services provider, said it expects the oil and gas industry's spending internationally on exploration and production to drop by 10-15 percent in 2015. A 50 percent drop in global oil prices since June has prompted oil and gas producers to cut back spending and shore up dwindling cash reserves.

Tags: industry drop spending sees

 

Schlumberger: Buy The Market Leader In An Industry Bear Market

2015-02-17 07:11:46| Energy - Topix.net

It announced acquiring a 46.5% stake in Russia's largest onshore drilling company in January, taking advantage of the driller's heavy share price fall. If you are resources-related investor, you may be tempted to do some bottom fishing in the oil and gas industry.

Tags: buy market industry leader

 

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