Schlumberger weakness a buying opportunity, says Sterne Agee Sterne Agee said they do not see a material impact to 2013 and 2014 earnings expectations for Schlumberger and would use weakness as a buying opportunity.
OneSubsea awarded contract for supply of subsea trees for Shah Denix Two OneSubsea, a Cameron (CAM) and Schlumberger (SLB) company, has been awarded a contract totaling more than $60M for the Shah Deniz Two development, operated by BP, offshore Azerbaijan. OneSubsea was awarded the initial contract for subsea trees for Shah Deniz Two in 2013. The scope of the new contract includes the supply of the second of three planned batches of subsea production trees and ancillaries. Deliveries are expected to commence 2016.