Schlumberger price target raised to $135 from $119 at Jefferies Jefferies raised its price target for Schlumberger shares to $135 citing the company's margin guidance at its analyst event. The firm also raised its 2016 earnings estimates and reiterates a Buy rating on the stock.
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.