Schlumberger job cuts 2020 : US oilfield services company Schlumberger said that it is slashing more than 21,000 employees, or nearly one-fifth of its workforce, after taking a loss of $3.62 billion in the second quarter of 2020 owing to low oil demand caused by the coronavirus crisis. The company had allocated $1bn for severance […]
Deep Down has bagged an order from Shell Offshore for work pertaining to the Whale field development in the US Gulf of Mexico. Under the order, the Houston based oilfield services company will be responsible for the design, engineering and manufacturing of a Riser Isolation Valve control system (RIV control system) and also other subsea […]
Ichthys LNG Project : Halliburton said that it has won seven drilling and completion services contracts for the next phase of field development of the offshore Ichthys gas field operated by INPEX in the Browse Basin in northern Australia. According to the US oilfield services company, the well development campaign is expected to begin in […]