Schlumberger releases 1Q19 results
The oilfield services provider recorded revenue of US$7.9 billion in 1Q19, a decrease of 4% sequentially but a 1% increase y/y.
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The oilfield services provider recorded revenue of US$7.9 billion in 1Q19, a decrease of 4% sequentially but a 1% increase y/y.
The contract between the two companies, which began in March 2016, has been extended for a further five years.
The company has signed an exploration and production sharing agreement covering Block A Offshore Ras Al Khaimah, as well as the relevant Joint Operating Agreement.
Paul Helmore will oversee all aspects of the group’s commercial activities, ensuring that it fully realises the commercial potential of its three vessel fleet.
The company has been awarded a contract for the provision of rental equipment services and associated consumable purchases with Spirit Energy.
The company presented winning bids in the 1st Offshore Licensing Round in Argentina.
The blocks are located in the Malvinas basin, approximately 200 miles (320 km) offshore Tierra del Fuego.
The contract is for the operations and maintenance of seven platform drilling rigs operated by BP in the Caspian Sea.
ZYFRA Group has successfully tested an Electrical Submersible Pump (ESP) software unit, designed to enhance the efficiency of oil extraction.
The payment will be taken in shares and will give Union Jack more exposure to UKOG’s Weald Basin assets.
The programme is in Block 7, located in the offshore portion of Mexico's prolific Sureste Basin.
The new SA CYCLONE EX Air Mover has been developed to increase the safety and reliability of ventilation used in explosive atmospheres.