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News Breaks
June 25, 2014
11:19 EDTSLBSchlumberger says "confident" in ability to drive financial performance
Says M&A to play key role in how company drives technology innovation. Says assuming no significant changes to operating environment in the coming 3-year period.Sees annual growth in global economy of 3%-4%. Sees oil demand up 1%-1.5% per year. Sees oil production outside the U.S. dampened by project delays, geopolitical supply disruptions. Sees brent over $100 per barrel from 2015-2017. Sees a "well balanced" oil market through 2017. Sees gas markets remaining relatively tight outside the U.S. Sees 2015-2017 growth in total industry E&P CapEx spend 6%-7%. Sees 2015 exploration spending "subdued," sees renewed industry focus on exploration in 2016-2017. Sees continued growth in deepwater activity. Comments made at the company's 2014 Investor Conference.
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September 17, 2014
07:40 EDTSLBUBS to hold a conference
Houston Energy Bus-less Tour is being held in Houston on September 17-19 with webcasted company presentations to begin on September 17 at 8:30 am; not all company presentations may be webcasted. Webcast Link
September 16, 2014
07:42 EDTSLBDeutsche Bank to hold a conference
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September 15, 2014
07:23 EDTSLBHart Energy to hold a conference
2014 DUG Eagle Ford Conference to be held in San Antonio, California on September 15-17.
September 12, 2014
15:48 EDTSLBSchlumberger favored to win Petrobras service contract, Bloomberg reports
Schlumberger (SLB) is favored to win half of the well services work being offered by Petrobras (PZE) which is valued at more than $2B, Bloomberg says, citing two people with knowledge of the tender. Schlumberger had submitted the most competitive bid for 50% of the well services work, Halliburton (HAL) had placed the lowest-cost bid for 30% of the work, and Baker Hughes (BHI) is set to win the remaining 20% of the work, the people added. Reference Link

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