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Schlumberger

Schlumberger NV (French: [ʃlumbɛʁʒe, ʃlœ̃b-]), doing business as SLB, also known as Schlumberger Limited,[2] is an American oilfield services company.[3][4] As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue.[5]

Schlumberger NV
Logo used since October 2022
Company typePublic (Naamloze vennootschap)
ISINAN8068571086
IndustryOilfield services and equipment
Founded1926; 98 years ago (1926) (as Electric Prospecting Company)
Paris, France
FoundersConrad Schlumberger
Marcel Schlumberger
HeadquartersHouston, Texas, United States
Area served
Worldwide
Key people
Revenue US$33.14 billion (2023)
US$5.443 billion (2023)
US$4.203 billion (2023)
Total assets US$47.96 billion (2023)
Total equity US$20.19 billion (2023)
Number of employees
111,000 (2023)
Websiteslb.com
Footnotes / references
[1]

Schlumberger is incorporated in Willemstad, Curaçao, Netherlands Antilles.[6] and trades on the New York Stock Exchange, Euronext Paris, the London Stock Exchange and SIX Swiss Exchange.[7] Its principal executive offices are located in Houston, Texas.[8]

In 2022, the Forbes Global 2000 ranked Schlumberger the 349th largest company in the world.[9]

History edit

 
This Houston building, as of 2015, houses the Schlumberger U.S. executive offices
 
1938 Schlumberger Corporation building
 
Schlumberger complex in Sugar Land, Texas
 
Logo used to October 2022.

Schlumberger was founded in 1926 in Paris as the Electric Prospecting Company (French: Société de prospection électrique) by two brothers Conrad and Marcel Schlumberger from Alsace.[10] Schlumberger supplies the petroleum industry with services such as seismic data processing, formation evaluation, well testing and directional drilling, well cementing and stimulation, artificial lift, well completions, flow assurance and consulting, and software and information management. The company is also involved in the groundwater extraction[11] and carbon capture and storage industries.[12]

The Schlumberger brothers had experience conducting geophysical surveys in countries such as Romania, Canada, Serbia, South Africa, the Democratic Republic of the Congo,[13] and the United States. The new company sold electrical-measurement mapping services, and recorded the first-ever electrical resistivity well log in Merkwiller-Pechelbronn, France, in 1927.[14] The company quickly expanded, logging its first well in the U.S. in 1929 in Kern County, California. In 1934, the Schlumberger Well Surveying Corporation was founded in Houston,[15] later evolving into Schlumberger Well Services, and finally Schlumberger Wireline and Testing. Schlumberger invested heavily in research, inaugurating the Schlumberger-Doll Research Center in Ridgefield, Connecticut, in 1948, contributing to the development of a number of new logging tools. In 1956, Schlumberger Limited was incorporated as a holding company for all Schlumberger Limited businesses, which by now included American testing and production company Johnston Testers.[citation needed]

Over the years, Schlumberger continued to expand its operations and acquisitions. In 1960, Dowell Schlumberger (50% Schlumberger, 50% Dow Chemical), which specialized in pumping services for the oil industry, was formed. On February 2, 1962, Schlumberger Limited became listed on the New York Stock Exchange.[16][17] That same year, Schlumberger purchased Daystrom, an electronic instruments manufacturer in South Boston, Virginia, which was making furniture by the time the division was sold to Sperry & Hutchinson in 1971.[18] Schlumberger purchased 50% of Forex in 1964 and merged it with 50% of Languedocienne to create the Neptune Drilling Company. The first computerized reservoir analysis, SARABAND, was introduced in 1970. The remaining 50% of Forex was acquired the following year; Neptune was renamed Forex Neptune Drilling Company. In 1979, Fairchild Camera and Instrument (including Fairchild Semiconductor) became a subsidiary of Schlumberger Limited.[19]

In 1981, Schlumberger established the first international data links with e-mail. In 1983, Schlumberger opened its Cambridge Research Center in Cambridge, England.[20]

In 1984, the SEDCO drilling rig company and half of Dowell of North America were acquired, resulting in the creation of the Anadrill drilling segment, a combination of Dowell and The Analysts' drilling segments. Forex Neptune was merged with SEDCO to create the Sedco Forex Drilling Company the following year, when Schlumberger purchased Merlin and 50% of GECO.[citation needed]

In 1987, Schlumberger completed its purchases of Neptune (North America), Bosco and Cori (Italy), and Allmess (Germany). That same year, National Semiconductor acquired Fairchild Semiconductor from Schlumberger for $122 million.[21]

In 1991, Schlumberger acquired PRAKLA-SEISMOS, and pioneered the use of geosteering to plan the drill path in horizontal wells.[citation needed]

In 1992, Schlumberger acquired software company GeoQuest Systems. With the purchase came the conversion of SINet to TCP/IP and thus internet capable. In the 1990s Schlumberger bought out the petroleum division, AEG meter, and ECLIPSE reservoir study team Intera Technologies Corp. A joint venture between Schlumberger and Cable & Wireless resulted with the creation of Omnes, which then handled all of the company's internal IT business. Oilphase and Camco International were also purchased.[citation needed]

In 1999, Schlumberger and Smith International created a joint venture, M-I L.L.C., the world's largest drilling fluids (mud) company. The company consists of 60% Smith International, and 40% by Schlumberger. Since the joint venture was prohibited by a 1994 antitrust consent decree barring Smith from selling or combining their fluids business with certain other companies, including Schlumberger, the U.S. District Court in Washington, D.C., found Smith International Inc. and Schlumberger Ltd. guilty of criminal contempt and fined each company $750,000 and placed each company on five years probation. Both companies also agreed to pay a total of $13.1 million, representing a full disgorgement of all of the joint venture's profits during the time the companies were in contempt.[22]

In 2000, the Geco-Prakla division was merged with Western Geophysical to create the seismic data acquisition and processing contracting company WesternGeco, of which Schlumberger held a 70% stake, the remaining 30% belonging to competitor Baker Hughes. Sedco Forex was spun off, and merged with Transocean Drilling company in 2000.[citation needed]

In 2001, Schlumberger acquired the IT consultancy company Sema plc for $5.2 billion. The company was an Athens 2004 Summer Olympics partner, but the venture into IT consultancy did not pay off, and divestiture of Sema to Atos Origin was completed that year for $1.5 billion. The cards division was divested through an IPO to form Axalto, which later merged with Gemplus to form Gemalto, and the Messaging Solutions unit was spun off and merged with Taral Networks to form Airwide Solutions. In 2003, the Automated Test Equipment group, part of the 1979 Fairchild Semiconductor acquisition, was spun off to NPTest Holding, which was sold it to Credence in February 2004.[23]

In 2004, Schlumberger Business Consulting was launched and a decade later was acquired by Accenture.[24]

In 2005, Schlumberger purchased Waterloo Hydrogeologic,[25][unreliable source?] which was followed by several other groundwater industry related companies, such as Westbay Instruments, and Van Essen Instruments. Also that year, Schlumberger relocated its U.S. corporate offices from New York to Houston.[26]

In 2006, Schlumberger purchased the remaining 30% of WesternGeco from Baker Hughes for US$2.4 billion.[27] Also that year, the Schlumberger-Doll Research Center was relocated to a newly built research facility in Cambridge, Massachusetts, to replace the Ridgefield, Connecticut, research center. The facility joins the other research centers operated by the company in Cambridge, England; Moscow, Russia; Stavanger, Norway; and Dhahran, Saudi Arabia.[28] In March 2022, Schlumberger stopped investing in its projects in Russia because of International sanctions during the Russo-Ukrainian War.[29]

In 2009, Schlumberger acquired the shares of Techsia SA, a supplier of petrophysical software based in Montpellier, France. Techsia is well known in the industry for its flagship Techlog© product. The Montpellier-based Techsia center becomes then the Schlumberger Petrophysics Software Center of Excellence for the development of state-of-the-art solutions for the oil and gas exploration and production industry

In 2010, the acquisition of Smith International in an all-stock deal valued at $11.3 billion was announced. The sale price is 45.84-a-share price was 37.5 percent higher than Smith closing price on 18 February 2010. The deal was the biggest acquisition in Schlumberger history until their acquisition of Cameron International.[30][31] The merger was completed on August 27, 2010.[32] Also announced in 2010 were Schlumberger plans to acquire Geoservices, a French-based company specializing in energy services, in a deal valued at $1.1 billion, including debt.[33]

In 2014, Schlumberger announced the purchase of the remaining shares of SES Holdings Limited ("Saxon"), a Calgary-based provider of international land drilling services, from First Reserve and certain members of Saxon management. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals. Schlumberger had a minority share in Saxon previously.[34]

In 2015, Schlumberger was indicted by the US Department of Justice for sanction violations of conducting business in Iran and Sudan; the company was fined $233 million, amounting to the largest fine for sanctions to date.[35]

In 2015, due to a downturn in the global oil and gas industry, Schlumberger announced 21,000 layoffs accounting for 15% of the company's total workforce.[36]

In 2015, Schlumberger agreed to acquire oilfield equipment manufacturer Cameron International for $14.8 billion.[31]

In 2018, Schlumberger announced that WesternGeco would be exiting the seismic data acquisition business, both onshore and offshore, while retaining its multiclient data processing and interpretation segments. This decision followed the bankruptcy filings of several competitors in the seismic services sector.[37]

In 2020, Schlumberger cut more than 21,000 jobs during the global COVID-19 pandemic.[38]

In 2021, Schlumberger New Energy announced the signature of pilot project agreements between the French state, Genvia and critical-industry leaders on the pathway to net zero in the cement and steel industries. Through these agreements, the goal is to scale up the next generation of electrolyzer technology, developed over the last two decades, to produce clean hydrogen without CO2 emissions, accelerating the decarbonization of multiple industrial sectors.

In 2022, Schlumberger completed a corporate rebranding to be known as SLB. According to media statements, the company's CEO said the corporate rebranding is not a shift away from fossil fuels.[39]

In February 2023, SLB announced it had completed the acquisition of the Houston-headquartered gyroscopic wellbore positioning and survey technology company, Gyrodata Incorporated.[40]

In April 2024, SLB announced its intention to acquire smaller rival ChampionX, in an all-stock deal valued at $7.75 billion, its largest purchase since Cameron International.[41]

Corporate affairs edit

France edit

The company has offices in multiple cities and regions in France: Abbeville,[42] Béziers,[43] Clamart,[44] Montpellier,[45] Pau [46] and Paris.[47][48]

Such sites and entities are as well at the forefront of the SLB New Energy strategy and development. (example: Geothermal with Celsius Energy[49] and Hydrogen with Genvia[50])

United States edit

Schlumberger maintains a 33-acre (13 ha) campus at the northeast corner of U.S. Highway 90A and Gillingham Lane in Sugar Land, Texas; as of 2017 Schlumberger is the third largest employer in the city. In 2015, Schlumberger announced that it was moving its U.S. corporate headquarters to the Sugar Land facility from its Houston office building. The company plans to build new buildings with a scheduled completion time of late 2017. They include a total of 250,000 square feet (23,000 m2) of Class A office space and an "amenities" building with 100,000 square feet (9,300 m2) of space.[51]

In the 1930s, the North American headquarters were established in Houston. In the 1970s, the company's top executives in North America were relocated to New York City. By 2006, the head office had 50 executives and support staff. By that year the company was moving that office to a building near the Houston Galleria.[52]

The company moved its Houston-area offices from 5000 Gulf Freeway in Houston to the Sugar Land campus in 1995.[53][54][55]

Recognition edit

In 2009, Newsweek released their "Green Rankings",[56] a ranking of the 500 largest corporations on track records on a number of environmental issues. Schlumberger was ranked 118th out of 500 overall, and third out of 31 in their industry. Newsweek remarked that to mitigate global warming Schlumberger has invested in carbon sequestration which involves long-term storage of CO2 and that the company's seismic survey ships are 20% to 25% more fuel-efficient than those of other seismic contractors from using fuels that emit less pollution and towing equipment that creates less drag on the vessels.[57]

Controversies edit

Radioactive sources edit

In 2006, a radioactive canister imported by Schlumberger was recovered in the Western Australian outback desert.[58] The canister had been lost by the company's transport partner, when the improperly secured container fell off the trailer on which it was being transported.[59]

In 2010, the Aberdeen Sheriff court fined Schlumberger Oilfield UK £300,000 for losing a radioactive source on the rig floor on the Ensco 101 mobile drilling rig in the North Sea for 4 hours.[60]

Spills edit

In 2009, the Pennsylvania Department of Environmental Protection fined Chesapeake Appalachia LLC and Schlumberger Technology Corp. more than $15,500 each for a hydrochloric acid spill in February 2009 at Chesapeake's Chancellor natural gas well site in Asylum Township, Bradford County, Pennsylvania. Officials said the leak did not contaminate groundwater.[61]

PCB contamination edit

In 2006, as the current owner of a facility in Pickens, South Carolina, Schlumberger agreed to pay $11.8 million to federal and state agencies for a problem caused by the previous owner, Sangamo-Weston, a capacitor manufacturing plant.[62] The cause of the problem was from polychlorinated biphenyls (PCB) released into the environment by Sangamo-Weston from 1955 to 1987. According to the Justice Department's Environment and Natural Resources Division, an additional agreement by Schlumberger to purchase and remove dams will directly improve the Twelvemile Creek, South Carolina ecosystem and provide significant environmental benefits for the affected communities.[63]

Deepwater Horizon edit

In 2010, Schlumberger was contracted to perform wireline logging on the Deepwater Horizon oil rig in the Gulf of Mexico. On the day of the explosion, the Schlumberger crew was supposed to perform a cement evaluation test, but the test was cancelled and the crew was released by BP to leave the rig on the same day.[64][65] The cost-cutting decision to cancel the test is dramatized in the subsequent film by Peter Berg.

Business with Iran and Sudan edit

In 2015, Schlumberger pled guilty to violating U.S. sanctions related to Iran and Sudan and agreed to pay a $237 million penalty.[66]

Sexual harassment edit

In 2020, a class action lawsuit was filed against Schlumberger, alleging a culture of sexual harassment, discrimination, and retaliation.[67] According to the company's pay-gap report for 2018, women composed a mere 5.4% of field roles and 16.2% of roles in the full company.[67] The lawsuit alleges that males regularly documented their harassment of female co-workers and flaunted them on public forums.[67] Male colleagues would also encourage other men to break into a plaintiff's room at night and stonewall her if she did not consent to sexual activity.[67][68] The lawsuit also outlines instances of "sexist and hostile comments", and one instance in which a plaintiff was groped.[67] Women who complain to HR are told it is all just "oil field talk" and are subsequently ignored.[67] When a plaintiff kept complaining, Schlumberger allegedly terminated the plaintiff.[67][68] Women who spoke with The Texas Observer describe a culture of silence, where women stay silent for fear of being fired in the high turnover company.[68]

Russia edit

In October 2022, it was reported that some of Schlumberger's more than 9,000 Russian employees based in Russia received military draft notices through the company. Human rights groups such as Business & Human Rights Resource Centre are watching how the company responds to the concerns.[69] About a week later, the company said it was evaluating unspecified options for its thousands of Russian employees.[70] According to a list maintained by the Chief Executive Leadership Institute at Yale University which tracks company responses about operating in Russia, Schlumberger is noted as "buying time" while it continues to carry out the bulk of its business in the country.[71]

In March 2024, it was reported that SLB has no intentions of withdrawing from Russia, despite western pressure to reduce financial support to the Kremlin’s war efforts.[72]

See also edit

References edit

  1. ^ "2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. January 24, 2024.
  2. ^ "ARTICLES OF INCORPORATION OF SCHLUMBERGER LIMITED". Securities and Exchange Commission. Retrieved September 8, 2023.
  3. ^ Wethe, David (January 20, 2012). "Schlumberger Fourth-Quarter Profit Rises as Drilling Booms". Bloomberg News.
  4. ^ "Schlumberger to cut 9,000 jobs on oil-price plunge". Reuters. January 15, 2015 – via CNBC.
  5. ^ "Top 10 Biggest Offshore Drilling Companies in the World". May 9, 2022. Retrieved January 26, 2023.
  6. ^ "Schlumberger N.V. - Company Information".
  7. ^ "10-K". Retrieved March 26, 2015.
  8. ^ . Archived from the original on November 20, 2009. Retrieved July 14, 2010.
  9. ^ "Schlumberger on the Forbes Global 2000 List". Forbes. Retrieved September 9, 2016.
  10. ^ Oristaglio & Dorozynski 2007, p. 39.
  11. ^ "Schlumberger Water Services." Schlumberger Web site. Retrieved on January 30, 2011.
  12. ^ "Schlumberger Carbon Services." Schlumberger Web site. Retrieved on January 30, 2011.
  13. ^ Oristaglio & Dorozynski 2007, p. 67.
  14. ^ Oristaglio & Dorozynski 2007, p. 58.
  15. ^ Oristaglio & Dorozynski 2007, p. 143.
  16. ^ "Listings Directory Schlumberger Limited." NYSE web site. Retrieved on September 02, 2013.
  17. ^ Oristaglio & Dorozynski 2007, p. 284.
  18. ^ "History of LADD Furniture, Inc". fundinguniverse.com. Retrieved November 1, 2012.
  19. ^ Staff (October 2, 2009). "The Schlumberger-Fairchild Cock-Up". Electronics Weekly. Retrieved November 8, 2022.
  20. ^ "Schlumberger Cambridge Research Center". AJ Buildings Library. Retrieved December 14, 2021.
  21. ^ . Slb. Archived from the original on February 6, 2010. Retrieved January 27, 2010.
  22. ^ "Companies Fined $1.5 Million". December 9, 1999.
  23. ^ McBrideDow, Yolanda E. (February 27, 2004). "Credence to Acquire NPTest For $660 Million in Cash, Stock". The Wall Street Journal.
  24. ^ "World Oil". August 18, 2015.
  25. ^ . www.flowpath.com. Archived from the original on September 29, 2007.
  26. ^ "Houston Chronicle". October 26, 2005.
  27. ^ Gold, Russell (April 22, 2006). "Schlumberger Buys 30% Venture Stake From Baker Hughes". The Wall Street Journal. Retrieved March 19, 2015.
  28. ^ "Schlumberger Research." Schlumberger. Retrieved on January 30, 2011.
  29. ^ "Нефтесервисная корпорация Schlumberger прекращает инвестиции в свою деятельность в России" [Oilfield services corporation Schlumberger stops investing in its activities in Russia] (in Russian). TASS. March 19, 2022.
  30. ^ "." BusinessWeek. February 21, 2010. Retrieved on February 23, 2010.
  31. ^ a b "Schlumberger to Buy Cameron in $14.8 Billion Oil Services Deal". Bloomberg. August 26, 2015. Retrieved August 27, 2015.
  32. ^ "Yahoo Finance - Schlumberger Completes Merger with Smith International". Retrieved September 20, 2010.
  33. ^ Schlumberger to buy Geoservices for $1.1 billion Retrieved from MarketWatch 25 February 2010
  34. ^ "Schlumberger Purchases Remaining Shares of Saxon". Retrieved August 28, 2015.
  35. ^ Hong, Nicole (March 25, 2015). "Schlumberger Unit to Plead Guilty to Violating Iran, Sudan Sanctions". WSJ. Retrieved August 28, 2015.
  36. ^ Edward C. Baig, USA TODAY (April 17, 2015). "More Big Oil layoffs: Schlumberger axes 11K jobs". USA Today. Retrieved August 28, 2015.
  37. ^ Addison, Velda (January 19, 2018). "Schlumberger To Exit Land, Marine Seismic Acquisition Business". Exploration & Production. Retrieved February 23, 2018.
  38. ^ Addison, Velda (July 24, 2020). "Schlumberger layoffs: Company cuts 21K jobs amid COVID-19 pandemic oil rout". Exploration & Production. Retrieved May 21, 2022.
  39. ^ Hampton, Liz (October 24, 2022). "Oil giant Schlumberger rebrands itself as SLB for low-carbon future". Reuters.
  40. ^ "SLB completes acquisition of Gyrodata Incorporated - NS Energy". Retrieved February 6, 2023.
  41. ^ Feuer, Will. "SLB to Buy ChampionX in $7.8 Billion Oilfield Services Deal". WSJ. Retrieved April 2, 2024.
  42. ^ "SCHLUMBERGER VECTOR SAS (ABBEVILLE) Chiffre d'affaires, résultat, bilans sur SOCIETE.COM - 428112320". www.societe.com. Retrieved December 19, 2022.
  43. ^ "Etablissement SCHLUMBERGER SA à BEZIERS (34500) sur SOCIETE.COM (54206212000259)". www.societe.com. Retrieved December 19, 2022.
  44. ^ "Etablissement ETUDES ET PRODUCTIONS SCHLUMBERGER à CLAMART (92140) sur SOCIETE.COM (69202147000020)". www.societe.com. Retrieved December 19, 2022.
  45. ^ "Etablissement SERVICES PETROLIERS SCHLUMBERGER à MONTPELLIER (34000) sur SOCIETE.COM (54206611300334)". www.societe.com. Retrieved December 19, 2022.
  46. ^ "Etablissement SERVICES PETROLIERS SCHLUMBERGER à PAU (64000) sur SOCIETE.COM (54206611300250)". www.societe.com. Retrieved December 19, 2022.
  47. ^ "Europe, C.I.S. & Africa Area ." Schlumberger. Retrieved on October 25, 2015. "Services Techniques Schlumberger Le Palatin 1, 1 Cour du Triangle 92936 La Defense, Cedex France"
  48. ^ "Palatin I, II et III (Le)." Établissement public de gestion du quartier d'affaires de la Defense (Defacto). Retrieved on 26 October 2015. "Adresse : 30, Rue de Valmy - 92800 Puteaux"
  49. ^ "About Celsius Energy Geothermal Building Heating Solutions". Celsius Energy. Retrieved December 19, 2022.
  50. ^ "Genvia, a Schlumberger Joint Venture in Clean Hydrogen Technology, Signs Pilot Project Agreements in Steel and Cement, Supporting the Decarbonization of Critical Industry Sectors". www.slb.com. Retrieved December 19, 2022.
  51. ^ Mulvaney, Erin. "Schlumberger plans to relocate national headquarters to Sugar Land" (). Houston Chronicle. October 5, 2015. Retrieved on October 24, 2015.
  52. ^ Clanton, Brett. "" (Archive). Houston Chronicle. Friday September 29, 2006. Business 1. Retrieved on January 13, 2009.
  53. ^ Sarnoff, Nancy. "" (Archive). Houston Chronicle. Sunday February 3, 2005. Business 3. Retrieved on January 13, 2009.
  54. ^ "Schlumberger to move U.S. headquarters to Houston". Houston Business Journal. Wednesday October 26, 2005. Retrieved on January 13, 2009.
  55. ^ "North America (NAM) Contacts 2009-02-04 at the Wayback Machine". Schlumberger. Retrieved on January 13, 2009.
  56. ^ McGinn, Daniel (September 20, 2009). "Newsweek Greenest Big Companies in America ??? The 2009 List". Newsweek. Retrieved July 21, 2010.
  57. ^ "Newsweek ???Green Ranking- Schlumberger". Retrieved July 21, 2010.
  58. ^ . October 14, 2014. Archived from the original on October 14, 2014. Retrieved March 10, 2022.
  59. ^ Thomas Hunter writes (January 17, 2007). "Found: WA???s missing radioactive canister". Crikey. Retrieved January 27, 2010.
  60. ^ . May 23, 2012. Archived from the original on May 23, 2012. Retrieved March 10, 2022.
  61. ^ "DEP fines Chesapeake Appalachia, Schlumberger for acid spill in Bradford County". The Times-Tribune (Scranton). December 8, 2009. Retrieved December 22, 2010.
  62. ^ "#06-046: 01-30-06 Company to Pay $11.8 Million in Compensation for PCB-Damaged Fishery and Habitat". www.justice.gov. Retrieved March 10, 2022.
  63. ^ "Company To Pay $11.8 Million". Environmental Protection. February 1, 2006. Retrieved July 22, 2010.
  64. ^ Reddall, Braden (May 19, 2010). "Schlumberger says its crew left Horizon day of fire-Deep Water Horizon Accident- Schlumberger". Reuters. Retrieved May 15, 2010.
  65. ^ "GPO Oil Commission" (PDF). www.govinfo.gov.
  66. ^ Edwards, Julia (March 25, 2015). "Schlumberger pleads guilty to violating U.S. sanctions on Iran, Sudan". Reuters. Retrieved February 25, 2022.
  67. ^ a b c d e f g Pulsinelli, Olivia (June 23, 2020). "Schlumberger faces $100M class action lawsuit alleging discrimination against women". Houston Business Journal. Retrieved February 24, 2022.
  68. ^ a b c Sundaram, Arya (December 14, 2020). "The Oil and Gas Industry Still Hasn't Reckoned with #MeToo". The Texas Observer. Retrieved February 24, 2022.
  69. ^ Hampton, LIZ (October 14, 2022). "EXCLUSIVE Schlumberger faces employee backlash in Russia over draft cooperation". Reuters.
  70. ^ Hampton, LIZ (October 20, 2022). "Schlumberger evaluates options for Russia staff as Ukraine war escalates -CEO". Reuters.
  71. ^ Hogg, Ryan (October 15, 2022). "Texas-based oil giant accused of failing to help its Russian workers avoid being conscripted by Putin, report says". Business Insider.
  72. ^ "World's largest oilfield services group has no plans to leave Russia". March 25, 2024.

Works cited edit

  • Oristaglio, Michael; Dorozynski, Alexander (2007). A Sixth Sense: The Life and Science of Henri-Georges Doll – Oilfield Pioneer and Inventor. Abrams Books. ISBN 978-1-68335-905-0. Retrieved June 20, 2022.

External links edit

  • SLB website
  • Business data for Schlumberger:
    • Google
    • SEC filings
    • Yahoo!

schlumberger, surname, surname, redirects, here, other, uses, disambiguation, french, ʃlumbɛʁʒe, ʃlœ, doing, business, also, known, limited, american, oilfield, services, company, 2022, both, world, largest, offshore, drilling, company, world, largest, offshor. For the surname see Schlumberger surname SLB redirects here For other uses see SLB disambiguation Schlumberger NV French ʃlumbɛʁʒe ʃlœ b doing business as SLB also known as Schlumberger Limited 2 is an American oilfield services company 3 4 As of 2022 it is both the world s largest offshore drilling company and the world s largest offshore drilling contractor by revenue 5 Schlumberger NVLogo used since October 2022Company typePublic Naamloze vennootschap Traded asNYSE SLBEuronext Paris SLBLSE 0SCLFWB SCLS amp P 500 componentISINAN8068571086IndustryOilfield services and equipmentFounded1926 98 years ago 1926 as Electric Prospecting Company Paris FranceFoundersConrad SchlumbergerMarcel SchlumbergerHeadquartersHouston Texas United StatesArea servedWorldwideKey peopleOlivier Le Peuch CEO James Hackett chairman RevenueUS 33 14 billion 2023 Operating incomeUS 5 443 billion 2023 Net incomeUS 4 203 billion 2023 Total assetsUS 47 96 billion 2023 Total equityUS 20 19 billion 2023 Number of employees111 000 2023 Websiteslb wbr comFootnotes references 1 Schlumberger is incorporated in Willemstad Curacao Netherlands Antilles 6 and trades on the New York Stock Exchange Euronext Paris the London Stock Exchange and SIX Swiss Exchange 7 Its principal executive offices are located in Houston Texas 8 In 2022 the Forbes Global 2000 ranked Schlumberger the 349th largest company in the world 9 Contents 1 History 2 Corporate affairs 2 1 France 2 2 United States 3 Recognition 4 Controversies 4 1 Radioactive sources 4 2 Spills 4 3 PCB contamination 4 4 Deepwater Horizon 4 5 Business with Iran and Sudan 4 6 Sexual harassment 4 7 Russia 5 See also 6 References 6 1 Works cited 7 External linksHistory edit nbsp This Houston building as of 2015 houses the Schlumberger U S executive offices nbsp 1938 Schlumberger Corporation building nbsp Schlumberger complex in Sugar Land Texas nbsp Logo used to October 2022 Schlumberger was founded in 1926 in Paris as the Electric Prospecting Company French Societe de prospection electrique by two brothers Conrad and Marcel Schlumberger from Alsace 10 Schlumberger supplies the petroleum industry with services such as seismic data processing formation evaluation well testing and directional drilling well cementing and stimulation artificial lift well completions flow assurance and consulting and software and information management The company is also involved in the groundwater extraction 11 and carbon capture and storage industries 12 The Schlumberger brothers had experience conducting geophysical surveys in countries such as Romania Canada Serbia South Africa the Democratic Republic of the Congo 13 and the United States The new company sold electrical measurement mapping services and recorded the first ever electrical resistivity well log in Merkwiller Pechelbronn France in 1927 14 The company quickly expanded logging its first well in the U S in 1929 in Kern County California In 1934 the Schlumberger Well Surveying Corporation was founded in Houston 15 later evolving into Schlumberger Well Services and finally Schlumberger Wireline and Testing Schlumberger invested heavily in research inaugurating the Schlumberger Doll Research Center in Ridgefield Connecticut in 1948 contributing to the development of a number of new logging tools In 1956 Schlumberger Limited was incorporated as a holding company for all Schlumberger Limited businesses which by now included American testing and production company Johnston Testers citation needed Over the years Schlumberger continued to expand its operations and acquisitions In 1960 Dowell Schlumberger 50 Schlumberger 50 Dow Chemical which specialized in pumping services for the oil industry was formed On February 2 1962 Schlumberger Limited became listed on the New York Stock Exchange 16 17 That same year Schlumberger purchased Daystrom an electronic instruments manufacturer in South Boston Virginia which was making furniture by the time the division was sold to Sperry amp Hutchinson in 1971 18 Schlumberger purchased 50 of Forex in 1964 and merged it with 50 of Languedocienne to create the Neptune Drilling Company The first computerized reservoir analysis SARABAND was introduced in 1970 The remaining 50 of Forex was acquired the following year Neptune was renamed Forex Neptune Drilling Company In 1979 Fairchild Camera and Instrument including Fairchild Semiconductor became a subsidiary of Schlumberger Limited 19 In 1981 Schlumberger established the first international data links with e mail In 1983 Schlumberger opened its Cambridge Research Center in Cambridge England 20 In 1984 the SEDCO drilling rig company and half of Dowell of North America were acquired resulting in the creation of the Anadrill drilling segment a combination of Dowell and The Analysts drilling segments Forex Neptune was merged with SEDCO to create the Sedco Forex Drilling Company the following year when Schlumberger purchased Merlin and 50 of GECO citation needed In 1987 Schlumberger completed its purchases of Neptune North America Bosco and Cori Italy and Allmess Germany That same year National Semiconductor acquired Fairchild Semiconductor from Schlumberger for 122 million 21 In 1991 Schlumberger acquired PRAKLA SEISMOS and pioneered the use of geosteering to plan the drill path in horizontal wells citation needed In 1992 Schlumberger acquired software company GeoQuest Systems With the purchase came the conversion of SINet to TCP IP and thus internet capable In the 1990s Schlumberger bought out the petroleum division AEG meter and ECLIPSE reservoir study team Intera Technologies Corp A joint venture between Schlumberger and Cable amp Wireless resulted with the creation of Omnes which then handled all of the company s internal IT business Oilphase and Camco International were also purchased citation needed In 1999 Schlumberger and Smith International created a joint venture M I L L C the world s largest drilling fluids mud company The company consists of 60 Smith International and 40 by Schlumberger Since the joint venture was prohibited by a 1994 antitrust consent decree barring Smith from selling or combining their fluids business with certain other companies including Schlumberger the U S District Court in Washington D C found Smith International Inc and Schlumberger Ltd guilty of criminal contempt and fined each company 750 000 and placed each company on five years probation Both companies also agreed to pay a total of 13 1 million representing a full disgorgement of all of the joint venture s profits during the time the companies were in contempt 22 In 2000 the Geco Prakla division was merged with Western Geophysical to create the seismic data acquisition and processing contracting company WesternGeco of which Schlumberger held a 70 stake the remaining 30 belonging to competitor Baker Hughes Sedco Forex was spun off and merged with Transocean Drilling company in 2000 citation needed In 2001 Schlumberger acquired the IT consultancy company Sema plc for 5 2 billion The company was an Athens 2004 Summer Olympics partner but the venture into IT consultancy did not pay off and divestiture of Sema to Atos Origin was completed that year for 1 5 billion The cards division was divested through an IPO to form Axalto which later merged with Gemplus to form Gemalto and the Messaging Solutions unit was spun off and merged with Taral Networks to form Airwide Solutions In 2003 the Automated Test Equipment group part of the 1979 Fairchild Semiconductor acquisition was spun off to NPTest Holding which was sold it to Credence in February 2004 23 In 2004 Schlumberger Business Consulting was launched and a decade later was acquired by Accenture 24 In 2005 Schlumberger purchased Waterloo Hydrogeologic 25 unreliable source which was followed by several other groundwater industry related companies such as Westbay Instruments and Van Essen Instruments Also that year Schlumberger relocated its U S corporate offices from New York to Houston 26 In 2006 Schlumberger purchased the remaining 30 of WesternGeco from Baker Hughes for US 2 4 billion 27 Also that year the Schlumberger Doll Research Center was relocated to a newly built research facility in Cambridge Massachusetts to replace the Ridgefield Connecticut research center The facility joins the other research centers operated by the company in Cambridge England Moscow Russia Stavanger Norway and Dhahran Saudi Arabia 28 In March 2022 Schlumberger stopped investing in its projects in Russia because of International sanctions during the Russo Ukrainian War 29 In 2009 Schlumberger acquired the shares of Techsia SA a supplier of petrophysical software based in Montpellier France Techsia is well known in the industry for its flagship Techlog c product The Montpellier based Techsia center becomes then the Schlumberger Petrophysics Software Center of Excellence for the development of state of the art solutions for the oil and gas exploration and production industryIn 2010 the acquisition of Smith International in an all stock deal valued at 11 3 billion was announced The sale price is 45 84 a share price was 37 5 percent higher than Smith closing price on 18 February 2010 The deal was the biggest acquisition in Schlumberger history until their acquisition of Cameron International 30 31 The merger was completed on August 27 2010 32 Also announced in 2010 were Schlumberger plans to acquire Geoservices a French based company specializing in energy services in a deal valued at 1 1 billion including debt 33 In 2014 Schlumberger announced the purchase of the remaining shares of SES Holdings Limited Saxon a Calgary based provider of international land drilling services from First Reserve and certain members of Saxon management The transaction is subject to customary closing conditions including the receipt of regulatory approvals Schlumberger had a minority share in Saxon previously 34 In 2015 Schlumberger was indicted by the US Department of Justice for sanction violations of conducting business in Iran and Sudan the company was fined 233 million amounting to the largest fine for sanctions to date 35 In 2015 due to a downturn in the global oil and gas industry Schlumberger announced 21 000 layoffs accounting for 15 of the company s total workforce 36 In 2015 Schlumberger agreed to acquire oilfield equipment manufacturer Cameron International for 14 8 billion 31 In 2018 Schlumberger announced that WesternGeco would be exiting the seismic data acquisition business both onshore and offshore while retaining its multiclient data processing and interpretation segments This decision followed the bankruptcy filings of several competitors in the seismic services sector 37 In 2020 Schlumberger cut more than 21 000 jobs during the global COVID 19 pandemic 38 In 2021 Schlumberger New Energy announced the signature of pilot project agreements between the French state Genvia and critical industry leaders on the pathway to net zero in the cement and steel industries Through these agreements the goal is to scale up the next generation of electrolyzer technology developed over the last two decades to produce clean hydrogen without CO2 emissions accelerating the decarbonization of multiple industrial sectors In 2022 Schlumberger completed a corporate rebranding to be known as SLB According to media statements the company s CEO said the corporate rebranding is not a shift away from fossil fuels 39 In February 2023 SLB announced it had completed the acquisition of the Houston headquartered gyroscopic wellbore positioning and survey technology company Gyrodata Incorporated 40 In April 2024 SLB announced its intention to acquire smaller rival ChampionX in an all stock deal valued at 7 75 billion its largest purchase since Cameron International 41 Corporate affairs editFrance edit The company has offices in multiple cities and regions in France Abbeville 42 Beziers 43 Clamart 44 Montpellier 45 Pau 46 and Paris 47 48 Such sites and entities are as well at the forefront of the SLB New Energy strategy and development example Geothermal with Celsius Energy 49 and Hydrogen with Genvia 50 United States edit Schlumberger maintains a 33 acre 13 ha campus at the northeast corner of U S Highway 90A and Gillingham Lane in Sugar Land Texas as of 2017 Schlumberger is the third largest employer in the city In 2015 Schlumberger announced that it was moving its U S corporate headquarters to the Sugar Land facility from its Houston office building The company plans to build new buildings with a scheduled completion time of late 2017 They include a total of 250 000 square feet 23 000 m2 of Class A office space and an amenities building with 100 000 square feet 9 300 m2 of space 51 In the 1930s the North American headquarters were established in Houston In the 1970s the company s top executives in North America were relocated to New York City By 2006 the head office had 50 executives and support staff By that year the company was moving that office to a building near the Houston Galleria 52 The company moved its Houston area offices from 5000 Gulf Freeway in Houston to the Sugar Land campus in 1995 53 54 55 Recognition editIn 2009 Newsweek released their Green Rankings 56 a ranking of the 500 largest corporations on track records on a number of environmental issues Schlumberger was ranked 118th out of 500 overall and third out of 31 in their industry Newsweek remarked that to mitigate global warming Schlumberger has invested in carbon sequestration which involves long term storage of CO2 and that the company s seismic survey ships are 20 to 25 more fuel efficient than those of other seismic contractors from using fuels that emit less pollution and towing equipment that creates less drag on the vessels 57 Controversies editRadioactive sources edit In 2006 a radioactive canister imported by Schlumberger was recovered in the Western Australian outback desert 58 The canister had been lost by the company s transport partner when the improperly secured container fell off the trailer on which it was being transported 59 In 2010 the Aberdeen Sheriff court fined Schlumberger Oilfield UK 300 000 for losing a radioactive source on the rig floor on the Ensco 101 mobile drilling rig in the North Sea for 4 hours 60 Spills edit In 2009 the Pennsylvania Department of Environmental Protection fined Chesapeake Appalachia LLC and Schlumberger Technology Corp more than 15 500 each for a hydrochloric acid spill in February 2009 at Chesapeake s Chancellor natural gas well site in Asylum Township Bradford County Pennsylvania Officials said the leak did not contaminate groundwater 61 PCB contamination edit In 2006 as the current owner of a facility in Pickens South Carolina Schlumberger agreed to pay 11 8 million to federal and state agencies for a problem caused by the previous owner Sangamo Weston a capacitor manufacturing plant 62 The cause of the problem was from polychlorinated biphenyls PCB released into the environment by Sangamo Weston from 1955 to 1987 According to the Justice Department s Environment and Natural Resources Division an additional agreement by Schlumberger to purchase and remove dams will directly improve the Twelvemile Creek South Carolina ecosystem and provide significant environmental benefits for the affected communities 63 Deepwater Horizon edit Main articles Deepwater Horizon explosion and Deepwater Horizon oil spill In 2010 Schlumberger was contracted to perform wireline logging on the Deepwater Horizon oil rig in the Gulf of Mexico On the day of the explosion the Schlumberger crew was supposed to perform a cement evaluation test but the test was cancelled and the crew was released by BP to leave the rig on the same day 64 65 The cost cutting decision to cancel the test is dramatized in the subsequent film by Peter Berg Business with Iran and Sudan edit In 2015 Schlumberger pled guilty to violating U S sanctions related to Iran and Sudan and agreed to pay a 237 million penalty 66 Sexual harassment edit In 2020 a class action lawsuit was filed against Schlumberger alleging a culture of sexual harassment discrimination and retaliation 67 According to the company s pay gap report for 2018 women composed a mere 5 4 of field roles and 16 2 of roles in the full company 67 The lawsuit alleges that males regularly documented their harassment of female co workers and flaunted them on public forums 67 Male colleagues would also encourage other men to break into a plaintiff s room at night and stonewall her if she did not consent to sexual activity 67 68 The lawsuit also outlines instances of sexist and hostile comments and one instance in which a plaintiff was groped 67 Women who complain to HR are told it is all just oil field talk and are subsequently ignored 67 When a plaintiff kept complaining Schlumberger allegedly terminated the plaintiff 67 68 Women who spoke with The Texas Observer describe a culture of silence where women stay silent for fear of being fired in the high turnover company 68 Russia edit In October 2022 it was reported that some of Schlumberger s more than 9 000 Russian employees based in Russia received military draft notices through the company Human rights groups such as Business amp Human Rights Resource Centre are watching how the company responds to the concerns 69 About a week later the company said it was evaluating unspecified options for its thousands of Russian employees 70 According to a list maintained by the Chief Executive Leadership Institute at Yale University which tracks company responses about operating in Russia Schlumberger is noted as buying time while it continues to carry out the bulk of its business in the country 71 In March 2024 it was reported that SLB has no intentions of withdrawing from Russia despite western pressure to reduce financial support to the Kremlin s war efforts 72 See also editList of oilfield service companiesReferences edit 2023 Annual Report Form 10 K U S Securities and Exchange Commission January 24 2024 ARTICLES OF INCORPORATION OF SCHLUMBERGER LIMITED Securities and Exchange Commission Retrieved September 8 2023 Wethe David January 20 2012 Schlumberger Fourth Quarter Profit Rises as Drilling Booms Bloomberg News Schlumberger to cut 9 000 jobs on oil price plunge Reuters January 15 2015 via CNBC Top 10 Biggest Offshore Drilling Companies in the World May 9 2022 Retrieved January 26 2023 Schlumberger N V Company Information 10 K Retrieved March 26 2015 Bloomberg Business Week Archived from the original on November 20 2009 Retrieved July 14 2010 Schlumberger on the Forbes Global 2000 List Forbes Retrieved September 9 2016 Oristaglio amp Dorozynski 2007 p 39 Schlumberger Water Services Schlumberger Web site Retrieved on January 30 2011 Schlumberger Carbon Services Schlumberger Web site Retrieved on January 30 2011 Oristaglio amp Dorozynski 2007 p 67 Oristaglio amp Dorozynski 2007 p 58 Oristaglio amp Dorozynski 2007 p 143 Listings Directory Schlumberger Limited NYSE web site Retrieved on September 02 2013 Oristaglio amp Dorozynski 2007 p 284 History of LADD Furniture Inc fundinguniverse com Retrieved November 1 2012 Staff October 2 2009 The Schlumberger Fairchild Cock Up Electronics Weekly Retrieved November 8 2022 Schlumberger Cambridge Research Center AJ Buildings Library Retrieved December 14 2021 History Schlumberger Slb Archived from the original on February 6 2010 Retrieved January 27 2010 Companies Fined 1 5 Million December 9 1999 McBrideDow Yolanda E February 27 2004 Credence to Acquire NPTest For 660 Million in Cash Stock The Wall Street Journal World Oil August 18 2015 Press Release www flowpath com Archived from the original on September 29 2007 Houston Chronicle October 26 2005 Gold Russell April 22 2006 Schlumberger Buys 30 Venture Stake From Baker Hughes The Wall Street Journal Retrieved March 19 2015 Schlumberger Research Schlumberger Retrieved on January 30 2011 Nefteservisnaya korporaciya Schlumberger prekrashaet investicii v svoyu deyatelnost v Rossii Oilfield services corporation Schlumberger stops investing in its activities in Russia in Russian TASS March 19 2022 Schlumberger to Acquire Smith for About 11 Billion Update3 BusinessWeek February 21 2010 Retrieved on February 23 2010 a b Schlumberger to Buy Cameron in 14 8 Billion Oil Services Deal Bloomberg August 26 2015 Retrieved August 27 2015 Yahoo Finance Schlumberger Completes Merger with Smith International Retrieved September 20 2010 Schlumberger to buy Geoservices for 1 1 billion Retrieved from MarketWatch 25 February 2010 Schlumberger Purchases Remaining Shares of Saxon Retrieved August 28 2015 Hong Nicole March 25 2015 Schlumberger Unit to Plead Guilty to Violating Iran Sudan Sanctions WSJ Retrieved August 28 2015 Edward C Baig USA TODAY April 17 2015 More Big Oil layoffs Schlumberger axes 11K jobs USA Today Retrieved August 28 2015 Addison Velda January 19 2018 Schlumberger To Exit Land Marine Seismic Acquisition Business Exploration amp Production Retrieved February 23 2018 Addison Velda July 24 2020 Schlumberger layoffs Company cuts 21K jobs amid COVID 19 pandemic oil rout Exploration amp Production Retrieved May 21 2022 Hampton Liz October 24 2022 Oil giant Schlumberger rebrands itself as SLB for low carbon future Reuters SLB completes acquisition of Gyrodata Incorporated NS Energy Retrieved February 6 2023 Feuer Will SLB to Buy ChampionX in 7 8 Billion Oilfield Services Deal WSJ Retrieved April 2 2024 SCHLUMBERGER VECTOR SAS ABBEVILLE Chiffre d affaires resultat bilans sur SOCIETE COM 428112320 www societe com Retrieved December 19 2022 Etablissement SCHLUMBERGER SA a BEZIERS 34500 sur SOCIETE COM 54206212000259 www societe com Retrieved December 19 2022 Etablissement ETUDES ET PRODUCTIONS SCHLUMBERGER a CLAMART 92140 sur SOCIETE COM 69202147000020 www societe com Retrieved December 19 2022 Etablissement SERVICES PETROLIERS SCHLUMBERGER a MONTPELLIER 34000 sur SOCIETE COM 54206611300334 www societe com Retrieved December 19 2022 Etablissement SERVICES PETROLIERS SCHLUMBERGER a PAU 64000 sur SOCIETE COM 54206611300250 www societe com Retrieved December 19 2022 Europe C I S amp Africa Area Schlumberger Retrieved on October 25 2015 Services Techniques Schlumberger Le Palatin 1 1 Cour du Triangle 92936 La Defense Cedex France Palatin I II et III Le Etablissement public de gestion du quartier d affaires de la Defense Defacto Retrieved on 26 October 2015 Adresse 30 Rue de Valmy 92800 Puteaux About Celsius Energy Geothermal Building Heating Solutions Celsius Energy Retrieved December 19 2022 Genvia a Schlumberger Joint Venture in Clean Hydrogen Technology Signs Pilot Project Agreements in Steel and Cement Supporting the Decarbonization of Critical Industry Sectors www slb com Retrieved December 19 2022 Mulvaney Erin Schlumberger plans to relocate national headquarters to Sugar Land Archive Houston Chronicle October 5 2015 Retrieved on October 24 2015 Clanton Brett ENERGY Growth in the oil patch translates into good times for oil field services firms like Schlumberger and for Houston The best of times means more jobs Archive Houston Chronicle Friday September 29 2006 Business 1 Retrieved on January 13 2009 Sarnoff Nancy Burger King sniffing for new home Houston said to be in running for headquarters possible relocation Archive Houston Chronicle Sunday February 3 2005 Business 3 Retrieved on January 13 2009 Schlumberger to move U S headquarters to Houston Houston Business Journal Wednesday October 26 2005 Retrieved on January 13 2009 North America NAM Contacts Archived 2009 02 04 at the Wayback Machine Schlumberger Retrieved on January 13 2009 McGinn Daniel September 20 2009 Newsweek Greenest Big Companies in America The 2009 List Newsweek Retrieved July 21 2010 Newsweek Green Ranking Schlumberger Retrieved July 21 2010 Radioactive canister found on road Perth Now October 14 2014 Archived from the original on October 14 2014 Retrieved March 10 2022 Thomas Hunter writes January 17 2007 Found WA s missing radioactive canister Crikey Retrieved January 27 2010 Press and Journal Article Radioactive device put oil rig crew in danger May 23 2012 Archived from the original on May 23 2012 Retrieved March 10 2022 DEP fines Chesapeake Appalachia Schlumberger for acid spill in Bradford County The Times Tribune Scranton December 8 2009 Retrieved December 22 2010 06 046 01 30 06 Company to Pay 11 8 Million in Compensation for PCB Damaged Fishery and Habitat www justice gov Retrieved March 10 2022 Company To Pay 11 8 Million Environmental Protection February 1 2006 Retrieved July 22 2010 Reddall Braden May 19 2010 Schlumberger says its crew left Horizon day of fire Deep Water Horizon Accident Schlumberger Reuters Retrieved May 15 2010 GPO Oil Commission PDF www govinfo gov Edwards Julia March 25 2015 Schlumberger pleads guilty to violating U S sanctions on Iran Sudan Reuters Retrieved February 25 2022 a b c d e f g Pulsinelli Olivia June 23 2020 Schlumberger faces 100M class action lawsuit alleging discrimination against women Houston Business Journal Retrieved February 24 2022 a b c Sundaram Arya December 14 2020 The Oil and Gas Industry Still Hasn t Reckoned with MeToo The Texas Observer Retrieved February 24 2022 Hampton LIZ October 14 2022 EXCLUSIVE Schlumberger faces employee backlash in Russia over draft cooperation Reuters Hampton LIZ October 20 2022 Schlumberger evaluates options for Russia staff as Ukraine war escalates CEO Reuters Hogg Ryan October 15 2022 Texas based oil giant accused of failing to help its Russian workers avoid being conscripted by Putin report says Business Insider World s largest oilfield services group has no plans to leave Russia March 25 2024 Works cited edit Oristaglio Michael Dorozynski Alexander 2007 A Sixth Sense The Life and Science of Henri Georges Doll Oilfield Pioneer and Inventor Abrams Books ISBN 978 1 68335 905 0 Retrieved June 20 2022 External links edit nbsp Wikimedia Commons has media related to Schlumberger SLB website Business data for Schlumberger GoogleSEC filingsYahoo Retrieved from https en wikipedia org w index php title Schlumberger amp oldid 1217082325, wikipedia, wiki, book, books, library,

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