The cuts will include cutting staff numbers and staff costs, and are already underway
Schlumberger
Posted inDRILLING & PRODUCTION
EOR is a need, ‘not an option anymore’: Schlumberger EOR director
Omer Gurpinar, director of enhanced oil recovery at Schlumberger, talks about how EOR has transformed, and can transform the oil and gas industry
Posted inDRILLING & PRODUCTION
TAQA to spend $1.2bn on investments and acquisitions in the next three years
The company is currently in discussions to acquire two companies in North America this year, a major step in accelerating its 2021 transformation and growth strategy.
Posted inDRILLING & PRODUCTION
TAQA Drilling subsidiary to acquire Schlumberger’s Middle East drilling rigs business for $415mn
The deal will create a pan-regional drilling entity with 58 onshore and 9 offshore rigs across Saudi Arabia, Kuwait, Oman, Iraq and Pakistan.
Posted inProducts & Services
Rockwell Automation and Schlumberger enter $250mn joint venture agreement to create a new automation solutions provider
The joint venture entity, Sensia, will combine Rockwell Automation’s integrated control and information solutions with Schlumberger’s oil and gas expertise to help customers maximize the value of their investments.
Posted inDRILLING & PRODUCTION
Iraq to drill 40 new wells in Majnoon field: Oil ministry
This is expected to boost production at the giant field to 450,000 barrels per day (bpd) by 2021, up from current output of 240,000 bpd.
Posted inPeople
Dr. Leila Benali appointed chief economist at APICORP
The engineer-turned-economist and Saudi Aramco alumna will lead APICORP’s Energy Economics and Sustainability Department
Posted inDRILLING & PRODUCTION
APICORP: Libya could be key to stabilising oil price
Libyan oil output doubled between June and October 2018
Posted inProducts & Services
OMV and Schlumberger sign MoU for digital solutions
OMV says the collaboration would give them early access to new technology, and would enhance their position in certain areas.