Schlumberger posts 2Q20 results

Published by Nicholas Woodroof, Editor
Oilfield Technology, Friday, 24 July 2020 16:00

As reported by Reuters, Schlumberger has reported its second straight quarterly loss after recording US$3.7 billion in impairment and restructuring charges as its major customers pulled back activity amid this year’s oil price crash.

The company reported a net loss of US$3.43 billion in 2Q20, compared with a profit of US$492 million a year earlier.

The company said it took US$1 billion in severance charges during the quarter as it cut over 21 000 employees.

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/24072020/schlumberger-posts-2q20-results/

Norton Rose Fulbright expands Middle East and Africa energy offering with new partner hire

Friday 08 May 2026 09:15

Global law firm Norton Rose Fulbright has strengthened its Middle East and Africa energy, infrastructure and natural resources offering with the appointment of Remy Lerner, who will join the firm’s Dubai office following a short transitional period in Paris.

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Schlumberger posts second-straight quarterly loss on $3.7 bln charges

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