Schlumberger Posts $0.31 EPS

Schlumberger has bounced back in black in the second quarter of 2018.

The oilfield services giant generated profit of $430 million, or 31 cents per share, on revenue of $8.3 billion, versus loss of $74 million, or 5 cents per share, on revenue of $7.46 billion same time last year.

However, when compared to the Q1 2018 profit fell some 18 percent.

Revenue increased some 11 percent year-over-year, and 6 percent sequentially.

Schlumberger’s unit Cameron had revenue of $1.3 billion, of which 52% came from international markets – down 1 percent sequentially primarily due to lower OneSubsea revenue on a declining project backlog.

OneSubsea had $312 million in orders for the second-quarter 2018 and backlog of $1.65 billion.

Although the last four years have been marked by the deepest downturn in generations, we have capitalized on a number of market opportunities while simultaneously transforming our company to be even more competitive in the broad-based recovery that is now emerging,” said Paal Kibsgaard, Schlumberger chairman and CEO.

Subsea World News Staff

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

More info

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OTC Brasil

The conference is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum…

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Europort 2019

Europort, organised in the world port city of Rotterdam, will be the leading exhibition for special purpose vessels…

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