Schlumberger

Subsea Integration Alliance has announced the award of integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) contracts. These awards, by Esso Australia Pty Ltd, represent the first integrated subsea project for Subsea Integration Alliance in Australia combining OneSubsea and Subsea 7 expertise in subsea production systems (SPS) and subsea umbilical, riser and flowline (SURF) systems.

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Schlumberger introduced Concert well testing live performance technology at the Abu Dhabi International Petroleum Exhibition & Conference. The new technology brings real-time surface and downhole measurements, data analysis, and collaboration capabilities to well testing.

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Schlumberger Limited reported results for the third quarter of 2018:

• Revenue of $8.5 billion increased 2% sequentially
• Pretax operating income of $1.2 billion increased 5% sequentially
• EPS was $0.46
• Cash flow from operations was $1.8 billion
• Free cash flow was $1.0 billion

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TGS and Schlumberger have announced a new multi-client nodal seismic project in the U.S. Gulf of Mexico.

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Smith Bits, a Schlumberger company, has launched the HyperBlade hyperbolic diamond element bit that reduces drilling costs by improving the rate of penetration (ROP), while maintaining steering response and directional tracking in soft and plastic rock formations.

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Schlumberger launched the CemFIT Shield mud-sealing cement system at the Society of Petroleum Engineers Annual Technical Conference and Exhibition (SPE ATCE). The CemFIT Shield system provides the industry's first zonal isolation technology specifically designed to improve isolation between hydraulic fracturing stages in long horizontal wells. 

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Schlumberger introduced the GyroSphere MEMS gyro-while-drilling service at Offshore Northern Seas (ONS). The GyroSphere service responds to the needs of E&P companies for a faster and more rugged, gyro-surveying while-drilling tool that increases drilling efficiency and reliability while reducing drilling risks.

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Schlumberger Limited has reported results for the second quarter of 2018, showing an increase in revenue to $8.3 billion, about 6 percent above the same period last year. The company marked a number of successes around the world that helped boost its financial position through June 30.

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Schlumberger has introduced the Tempo instrumented docking perforating gun system at the SPE/ICoTA Coiled Tubing and Well Intervention Conference and Exhibition. This groundbreaking combination of a plug-in gun design with real-time advanced downhole measurements enables and monitors the well's dynamic underbalance to create clean perforations that boost reservoir productivity.

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Schlumberger has inaugurated the newly expanded reservoir rock and fluid analysis laboratory located in Houston, Texas. The state-of-the-art lab enables petrotechnical experts to better leverage physical and digital rock and fluid analysis for comprehensive reservoir characterization.

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