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Schlumberger news

Schlumberger, IBM and Red Hat announce hybrid cloud collaboration

The joint initiative will provide global access to Schlumberger’s exploration and production (E&P) cloud-based environment and cognitive applications by leveraging IBM’s hybrid cloud technology, built on the Red Hat OpenShift container platform.

 

Schlumberger posts 2Q20 results

Schlumberger has reported its second straight quarterly loss after recording US$3.7 billion in impairment and restructuring charges.

 
 

Schlumberger releases 1Q20 results

The company has reported a US$7.4 billion loss as a result of the impact of the Covid-19 pandemic and low oil prices.

 

Schlumberger cuts spending by 30%

The oilfield services company is anticipating a rapid reduction in active drilling and hydraulic fracturing activity.