GO
Loading...

Schlumberger NV

More

  • The fall was slight, but it was just the second year-over-year decline since April 2010, when an oil production boom was just beginning to transform Midland. Midland has a population of around 140,000, and an economic decline there alone should not seriously dent the state economy. At the heart of the Permian Basin, one of the biggest oil deposits in the country,...

  • WASHINGTON, March 25- The U.S. Justice Department said on Wednesday that a subsidiary of Schlumberger Oilfield Holdings had pleaded guilty to violating U.S. sanctions related to Iran and Sudan and would pay a $237.2 million fine. "For years, in a variety of ways, this foreign company facilitated trade with Iran and Sudan from Sugar Land, Texas," U.S.

  • WASHINGTON— 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 announced Wednesday. The criminal case against Schlumberger Oilfield Holdings Ltd. resolves a yearslong investigation into...

  • WASHINGTON, March 25- The U.S. Justice Department said on Wednesday that a subsidiary of Schlumberger Oilfield Holdings had pleaded guilty to violating U.S. sanctions related to Iran and Sudan and would pay a $237.2 million fine. "For years, in a variety of ways, this foreign company facilitated trade with Iran and Sudan from Sugar Land, Texas," Justice Department...

  • *U.S. crude futures had fallen 18 cents to $47.27 a barrel by 0010 GMT, after settling up 88 cents, or 1.9 percent, at $47.45 on Monday. *A poll of six analysts, taken ahead of weekly inventory reports from industry group the American Petroleum Institute and the U.S. Department of Energy's Energy Information Administration, showed a crude stock build of 5 million...

  • March 23- The U.S. shale oil industry may have forever abandoned its heavy-spending ways in the face of sliding crude prices, Schlumberger Ltd, the world's No.1 oilfield services provider, said on Monday. Spending cuts already announced by producers- to the tune of 25 to 60 percent- have dropped the rig count by 45 percent since late 2014, and output will soon...

  • *Schlumberger sees higher oil prices in second half of 2015. NEW YORK, March 23- U.S. crude futures settled more than 1 percent higher on Monday, boosted by a falling dollar that outweighed pressure on prices from a global supply glut. Oil prices were pressured as Saudi Arabia has stood firm on its decision to maintain production levels, saying it would consider...

  • *Schlumberger sees higher oil prices in second half of 2015. NEW YORK, March 23- Brent crude oil prices slipped towards $55 in the last hour of trading after an announcement from Saudi Arabia that its daily oil production neared record highs outweighed a weakened dollar. Saudi Arabia has stood firm on its decision to maintain production levels, saying it would...

  • *Schlumberger sees higher oil prices in second half of 2015. NEW YORK, March 23- U.S. crude oil climbed above $47 a barrel on Monday as a declining dollar offset global oversupply concerns stemming from an announcement by Saudi Arabia that it was pumping around 10 million barrels per day, near a record high. Houston- based Schlumberger Ltd, the world's top oilfield...

  • *Schlumberger sees higher oil prices in second half of 2015. LONDON, March 23- Oil prices rose close to $56 a barrel on Monday as a weaker dollar offset concerns over global oversupply after Saudi Arabia said it was pumping around 10 million barrels per day, near a record high. Saudi Arabia has stood firm on its decision to maintain production levels, saying it would...

  • WILLISTON, N.D., March 12- Halliburton Co, Schlumberger NV and other large energy companies were conspicuously absent from a major North Dakota job fair this week, a telling sign as employers in the No. 2 U.S. oil-producing state grapple with sliding crude prices. "When a well is out, you still have to service it," said Cindy Sanford of Job Service North Dakota, which...

  • NEW YORK, March 6- The U.S. oil and gas sector bled away more jobs last month as sustained low oil prices forced energy producers to reduce spending, suggesting that further pain may be ahead for the struggling industry. The number of oil rigs active in the United States has fallen 40 percent since October. The mining sector of the workforce, which includes oil and gas...

  • Corrects Hercules Offshore item to change date of announcement of job cuts to Feb. 12 from Feb. 3) Feb 17 (Reuters)- Oilfield services giants Schlumberger Ltd and Halliburton Co and many others in the oil and gas industry have announced plans to lay off thousands of people in the past few months as global oil prices have nearly halved since June.

  • US stocks overvalued, expect more volatility: Pro Wednesday, 4 Mar 2015 | 3:31 PM ET
    Traders work the floor of the New York Stock Exchange.

    USAA's Bernie Williams and UBS's Julian Emanuel weigh on the market and where they'd put their money to work.

  • Analysts said the rouble's trajectory would continue to be determined by oil, forex sales before large rouble-denominated taxes due next week and news out of Ukraine, where the market hopes a fragile ceasefire will hold. Russia celebrates the Defender of the Fatherland Day public holiday on Monday, meaning traders could be exposed to losses over the...

  • MOSCOW, Feb 20- Russia's Eurasia Drilling said on Friday it was delaying a deal to sell a stake in the company to oil services giant Schlumberger while it waited for approval from a Russian regulator. Last month, Schlumberger said it planned to buy a 45.65 percent stake in Eurasia for about $1.7 billion, potentially paving the way for it to become the sole owner of...

  • Lightning Round: This CEO is smarter than I am Wednesday, 18 Feb 2015 | 7:13 PM ET
    Mad Money Lightning Round

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Cramer Remix: Pull the trigger on this Wednesday, 18 Feb 2015 | 7:02 PM ET
    Jim Cramer on the set of Mad Money

    Do your homework on this biotech whiz kid and look to buy, says “Mad Money” host Jim Cramer

  • Feb 17- Oilfield services giants Schlumberger Ltd and Halliburton Co and many others in the oil and gas industry have announced plans to lay off thousands of people in the past few months as global oil prices have nearly halved since June. In January, crude prices fell to their lowest in more than five years, hurt by a global supply glut and OPEC's refusal to curtail...

  • CARACAS, Feb 13- Venezuelans puzzled over the impact of a complicated currency devaluation and fretted that dire product shortages in the OPEC nation's recession-hit economy would not go away. President Nicolas Maduro's socialist government this week launched a 70 percent devaluation via a new "free floating" currency system known as Simadi, the third of...