Schlumberger News

In the first half of 2011, the Big Four benefited from tight supply-demand conditions for many key services, as frenzied drilling activity in North American shale oil and gas plays strained the industry's capacity to meet these needs.

Robert Peter Wilson - Non Executive Chairman, Chairman of Nominations Committee, Chairman of Chairmans Committee, Chairman of Finance Committee, Member of Remuneration Committee and Member of Sustainability Committee Frank J. Chapman - Chief Executive, Executive Director, Chairman of Exploration & Appraisal Committee, Chairman of Group Executive ... (more)

Two months after the town approved the $7 million purchase of the 45-acre Schlumberger-Doll Research Center, the Board of Selectmen followed suit.

While Baker Hughes has struggled recently, near-term visibility is improving and will drive multiples expansion.

Although business headlines still tout earnings numbers, many investors have moved past net earnings as a measure of a company's economic output.

Highlights in the fourth quarter 2011 include record-high financial results: * Total revenues at USD 57.8 million for the quarter * EBITDA of USD 16.7 million * Net Income of USD 12.3 million * Multi-client basalt mapping survey in Norwegian Sea pre-funded by ExxonMobil * Successful start-up of USD 90 million Petrobras contract * European Patent ... (more)

Nabors Industries Ltd. has gotten so cheap that traders in the options market are betting the world's largest land-drilling contractor may be a takeover candidate after the departure of its 81-year-old chief executive officer.

February 7th 2012 - Loyalist Group Limited , today announced that PEMEX , the largest enterprise in Mexico with operations across the entire oil & gas production chain, has engaged Loyalist Group to provide English Language Training for PEMEX executives.

Seadrill , Schlumberger , Ensco : "Seadrill is very good. Offshore drilling is where you want to be.

Trader Warren Meyers is illuminated by his handheld device as he works on the floor of the New York Stock Exchange Feb.

The market looks stretched here after a five month rally. One of the few sectors I am still positive on is energy as you can still find some reasonable valuations.

IDEX Corporation : Barrington notes that IDEX saw strong demand during Q3, and the firm predicts that the company will post double-digit EPS CAGR growth from 2011-2016. The firm raised its target on the stock to $50 from $40 and reiterates an Outperform rating.

Morgan Stanley issues a 60-day research tactical idea on Schlumberger - calling for a runup in share price on the strength of upcoming positive commentary on pricing and a boost in demand.

Although I am wary of the market at current prices after its recent run, I am still positive on the energy sector.

A history of the land In 1948, Schlumberger Ltd., one of the world's leading oil field services company, established a research center in Ridgefield.

Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool on any article or visit www.djreprints.com Rising oil prices and increased spending on exploration and production will mean big rewards for companies ... (more)

Healthy margins often separate pretenders from the best stocks in the market. That's why we check up on margins at least once a quarter in this series.

Nabors Industries Ltd. has gotten so cheap that traders in the options market are betting the world's largest land-drilling contractor may be a takeover candidate after the departure of its 81-year-old chief executive officer.

High oil prices and declining production from existing fields have been prompting oil companies to explore technically complex and remotely located reserves.

Leading up to and immediately following the recent Halliburton quarter, much of the sellside and TV financial talk shows centered worries over HAL's margins and generally ended with a tag line along the lines of "Good company but I like Schlumberger better" or "HAL margins are going lower, SLB is better positioned". Look around and you'll see these ... (more)