Tagged Schlumberger

Schlumberger Throws Weatherford a Lifeline, Challenges Halliburton

Schlumberger is the world’s largest oilfield services (OFS) company. Weatherford International is the world’s fourth largest OFS company. They both have operations in the Marcellus/Utica region. We’ve posted a number of stories about Weatherford’s financial troubles–and seemingly inevitable march toward bankruptcy (see our stories here). However, Weatherford may have just gotten a reprieve from its…

Ophir: Fortuna FLNG remains on schedule for FID in mid-2017

Image courtesy of Ophir EnergyLondon-based Ophir Energy on Thursday said it still expects to make a final investment decision on its Fortuna FLNG project in Equatorial Guinea in mid-2017.
Ophir and its partner, OneLNG, a joint venture between Golar LNG and Schlumberger, had “advanced the Fortuna FLNG project towards FID,” Ophir said in its 2016 results report.
Ophir and One LNG signed a deal back in November to form a joint operating company to develop the Fortuna FLNG project.
“Since announcing the JV in November 2016 we have made good progress against the remaining milestones. The Umbrella agreement between the Fortuna JV and

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