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Schlumberger: Buy The Market Leader In An Industry Bear Market

2015-02-16 14:56:59| Oil & Gas - 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

 

Schlumberger evacuates Houston-area facility, but bomb threat a hoax

2015-01-30 17:14:21| Oil & Gas - Topix.net

The bomb threat that caused Schlumberger Ltd. to evacuate a Houston-area facility on Jan. 29 turned out to be a hoax, according to several media reports. Schlumberger had evacuated its Rosharon facility south of Houston after a bomb threat was received around 1:15 p.m., the Houston Chronicle reported .

Tags: facility threat bomb hoax

 
 

Schlumberger pays $1.7B for stake in Russian energy company

2015-01-20 14:29:39| Oil & Gas - Topix.net

Schlumberger will spend about $1.7 billion for a minority stake in a big Russian energy company at a time when the country's relations with the West are under strain and as energy prices hit multiyear lows. The world's largest oilfield services company will pay about $22 per share to acquire a 45.6 percent stake in Eurasia Drilling Co., which will go private and delist from the London Stock Exchange.

Tags: company energy pays russian

 

Schlumberger pays $1.7B for stake in Russian energy company

2015-01-20 14:09:33| Energy - Topix.net

Schlumberger will spend about $1.7 billion for a minority stake in a big Russian energy company at a time when the country's relations with the West are under strain and as energy prices hit multiyear lows. The world's largest oilfield services company will pay about $22 per share to acquire a 45.6 percent stake in Eurasia Drilling Co., which will go private and delist from the London Stock Exchange.

Tags: company energy pays russian

 

Schlumberger announces 9,000 job cuts due to lower commodity pricing

2015-01-19 01:00:00| Offshore Technology

Oilfield services firm Schlumberger has announced it will cut 9,000 jobs in response to lower commodity pricing and expects lower exploration and production spending this year.

Tags: due job lower pricing

 

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