The stock experienced a 4.82% decline to $18.77 with 10.22 million shares changing hands. He said it is not likely the company would recall all suspended workers. Republican Senators Request Biden Meeting, Nigeria Judge Issues Arrest Warrant for Local Exxon Exec, Oil Holds as Freeze Halts Third of US Output, Texas Governor Calls on ERCOT Investigation. 28 August 2020 (Last Updated August 28th, 2020 16:30) Schlumberger New Energy has signed an agreement with Thermal Energy Partners to create a new … STEP Energy has additional opportunities to expand production in the Eastern Caribbean and in North and South America, according to Schlumberger. Schlumberger Ltd. (NYSE: SLB) has put several properties in Texas and seven other states up for auction. To contact the author, email andreas.exarheas@rigzone.com. Tweet. ... Drilling and Production operations to stay buoyant and support the company’s earnings in 2020. Regional News. Schlumberger New Energy, a new Schlumberger (NYSE: ... August 31, 2020. | Stocks Newswire 'company_sentiment' : 'Neutral', Updated . 2020 Proxy Statement 1.2 MB Following the end of the conference call, a replay will be available via webcast until February 22, 2021, and can be accessed by dialing 1-866-207-1041 within North America or +1-402-970-0847 outside of North America, and giving the access code 5881344. In The News. “By combining our geothermal, subsurface and drilling expertise with TEP’s experience in project development and risk mitigation, we will develop de-risked and streamlined geothermal projects on a global scale,” Belani added. This double black swan event created simultaneous shocks in oil supply and demand resulting in the m… Symbol Dan Pfeffer, the president of TEP, said STEP Energy will create a unique opportunity to de-risk and optimize the development of geothermal power projects, reduce costs and compress schedules. By Simon Webb. Schlumberger New Energy explores new avenues of growth by leveraging Schlumberger’s intellectual and business capital in emerging markets, with a focus on low-carbon and carbon-neutral energy technologies, Schlumberger highlights. Equinor and Engie in Low Carbon Hydrogen Pact. A cash dividend payment of $0.125 per share is scheduled to be paid on … Schlumberger, which lost $10.1 billion last year, was already struggling with oil at $50. Bruce Cutright, the chief executive officer of TEP, said, “we are thrilled with this partnership”. Source: Barchart. The rating they have provided for SLB stocks is “Outperform” according to the report published on October 02nd, 2020. Andrew F. Gould has joined McDermott International's board of directors, effective Aug. 27, 2020. On August 13, 2020, analysts increased their price target for SLB shares from 25 to 28. ssdl.editorialMetaData = { 'Country' : 'All', The call is scheduled to begin at 8:30 a.m. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. 'author' : 'Andreas Exarheas', Fuel Fix: Get daily energy news headlines in your inbox Business The stock price moved up to $19.67 following the option alert. Find out more about how we use your information in our Privacy Policy and Cookie Policy. The business started to show signs of recovery at the start of 2020, until the pandemic paralyzed economic activity and the energy usage that underpins it. “Through GeothermEx, a Schlumberger company, we have acquired extensive knowledge of geothermal resource assessment and project design implementation,” Ashok Belani, the executive vice president of Schlumberger New Energy, said in a company statement. 3 Min Read. The combined experience and expertise in drilling, reservoir identification and assessment and project execution provide an unequalled opportunity for the success of the new company,” he added. 30, 2020 Mar. SLB Trading at -13.45% from the 50-Day Moving Average Wells Fargo gave a rating of “Overweight” to SLB, setting the target price at $28 in the report published on August 13th of the current year. Schlumberger Ltd. (NYSE: SLB) has put several additional properties up for auction after a previous round just a couple months ago.. Once again, Oklahoma-based … Close-up of logo for petroleum service company Schlumberger on equipment, August 16, 2019. 'Region' : 'All', During the treacherous second quarter of 2020, analysts expected HAL to lose 11 cents per share, but the company delivered a profit of five cents. How Many US GOM Jobs Could Go Under Biden? Yahoo is part of Verizon Media. It has been about a month since the last earnings report for Schlumberger (SLB Quick Quote SLB - Free Report) .Shares have lost about 3.7% in that time frame, underperforming the S&P 500. The oilfield service giant has witnessed downward earnings estimate revisions in the past 30 days from $1.59 to 94 cents per share, indicating a year-over-year earnings decline of 36.1% for 2020. 'longevity' : 'News', Schlumberger (NYSE: SLB) shares experienced unusual options activity on Wednesday. By July, Schlumberger was WSJ's digital archive of news articles and top headlines from August 2020 Commodities News. Schlumberger is getting rid of its struggling OneStim business unit 2 years after an acquisition that doubled its size. This expertise includes project execution, drilling, subsurface evaluation and digital technology integration, systems engineering, modeling, data analytics and machine learning capabilities, Schlumberger outlined. By News Source Guyana on February 1, 2021. 'industry_sector' : 'Downstream,Upstream', 24.07.2020 - Regulatory News: Schlumberger Limited (NYSE: SLB) today reported results for the second quarter of 2020. Schlumberger New Energy, a new Schlumberger (NYSE: SLB) business, and Thermal Energy Partners (TEP) have agreed to create STEP Energy; a geothermal project development company. var ssdl = ssdl || {} The Chairman of the Schlumberger Workers Union, Bright Kwabena Danquah, told Citi News that the company last month gave letters to about 60 of its Ghanaian workers to go on one year suspended employment without pay because of COVID-19. 'company' : '', Press Release Schlumberger Announces Fourth-Quarter and Full-Year 2020 Results Conference Call. Off-topic, inappropriate or insulting comments will be removed. Schlumberger Limited (NYSE: SLB) today reported results for the second quarter of 2020. Schlumberger donates 100 computers to Computers for Guyana project. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Founded in 2010, TEP describes itself as a Texas-based geothermal energy company that provides sustainable, baseload, zero carbon, renewable energy. US Sees Largest Production Disruption Ever, Kremlin Could Get $33B Windfall from Higher Oil Prices, Weeks to Restart Damaged Texas Refineries, Angola to Allow Limited Exploration in Protected Zones, Texas Outages Headline Unusual Week in Markets, Biden Jobs Assurances Backfire with Oil and Mining Workers, Bureau Pulls GOM Lease Sale on Biden Order, Texas Clamps Down on Out of State Gas Sales, India Deal-making Could Shake Up Asian LNG Markets, Shell Sells Non-Core Canada Shale Assets for $707MM, Qatar Aims to be LNG King for At Least 2 Decades, 7 Oil Firms Dubbed Best Place to Work in LGBTQ List, Biden Set to Freeze Oil Leasing on Federal Land, DJ Says Exxon and Chevron Discussed Merger, Qatar Petroleum Greenlights $29B LNG Project, Total Bolsters Renewable Portfolio with Texas Buys. STEP Energy will leverage its partners’ expertise to develop efficient and profitable geothermal power generation projects, according to Schlumberger. All comments are subject to editorial review. SLB 2019 Annual Report & 10-K. PDF 5.1 MB. Speaking to News Source at the handing over ceremony, Head of the Computers for Guyana Aggrey Marsh explained that the initiative to provide computers to persons in need especially single-parent homes was birthed in a social media post that quickly bore fruit. Schlumberger reports $8.5bn impairment for Q1 2020 20 April 2020 (Last Updated April 20th, 2020 12:28) Oilfield services firm Schlumberger has booked $8.5bn in impairments in the first quarter, as customers accelerated spending cuts amid the continuing collapse in oil prices. }. It will get 37% of the shares of Liberty Oilfield Services, which said it will be the second-largest player in that sector. 'tag' : 'Company_Mergers_Acquisitions_JVs,Health_Safety_Environment,New_Products_Services', Schlumberger CEO Olivier Le Peuch commented, “First-quarter revenue of $7.5 billion declined 9% sequentially and 5% year-on-year as the unprecedented global health and economic crisis sparked by the COVID-19 pandemic increasingly impacted industry activity during the quarter. Schlumberger N.V. (SLB) will begin trading ex-dividend on September 01, 2020. At below $14.89 per share on August 7, HAL is at a bargain price. US Eastern Time. 31, 2020 Jun. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. The chief executive officer of TEP, said, “ we are thrilled with this partnership ” North. Geothermal power generation projects, according to Schlumberger results for the second quarter of 2020 “ Energy... 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