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News Breaks
July 16, 2014
06:12 EDTPDS, SLBPrecision Drilling announces strategic agreement with Schlumberger
Precision Drilling (PDS) announced it had entered into a strategic technology and service agreement and marketing alliance with Schlumberger (SLB). The agreement aims to increase the industrialization of unconventional drilling in North America through an engineered approach that utilizes Precision's Tier 1 drilling rigs and allows Precision access to Schlumberger's bottomhole assembly and services. The agreement applies to Canada and the Lower 48 states in the U.S. and includes contract drilling services, downhole drilling and measurement technology, engineering expertise and operational training. Through this agreement, Precision will continue to expand its integrated directional drilling services utilizing Schlumberger's downhole tools and related services supported by drilling engineering and modeling, component integration, industry leading subsurface knowledge and expertise, and high-quality measurements.
News For PDS;SLB From The Last 14 Days
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December 22, 2014
17:00 EDTPDSPrecision Drilling SVP, General Counsel leaving company
Precision Drilling announced that SVP, General Counsel and Corporate Secretary, Joanne Alexander, will be leaving the corporation to pursue a new professional opportunity. Precision's President and CEO, Kevin Neveu, commented on the departure "Over her tenure with Precision, Joanne has been an important member of our senior management team and a leader within our organization. Joanne was influential in the corporation's growth initiatives in the U.S. and internationally. Additionally, she strengthened the corporation's legal and compliance practices and helped to establish systems that will serve Precision well in the future. She will be missed and we wish her well on her new opportunity."
December 21, 2014
11:32 EDTSLBChevron, Occidental Petroleum, three others look cheap, Barron's says
Chevron (CVX), Occidental Petroleum (OXY), Shell (RDS.A, RDS.B), EOG Resources (EOG), and Schlumberger (SLB) look cheap due to the drop in oil prices and this could be an opportunity to buy, Barron's contends in its cover article. Reference Link
December 17, 2014
12:51 EDTSLBNY state to ban fracking next year, CNBC reports
Publicly traded companies in the oil services space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT).
December 9, 2014
10:23 EDTSLBOn The Fly: Analyst Downgrade Summary
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05:50 EDTSLBSchlumberger downgraded to Hold from Buy at Jefferies
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