Russia has given preliminary approval to U.S. oilfield services giant Schlumberger bid to acquire up to 49 percent in Russia’s Eurasia Drilling Co (EDC).
Schlumberger has invested $60M to build a center to improve the operation capacity and availability of information exchange in the petroleum and gas industry.
A wrap-up of the most prominent business news of the day
Egypt’s Ministry of Petroleum signed an agreement, with oilfield services company Schlumberger to conduct a seismic survey in the Gulf of Suez.
A wrap-up for the most prominent business news of the day.
Under the agreement, the two companies have a minimum 15-year period of exclusive multi-client rights.
Egypt plans to explore oil in Red Sea for the first time in history, following the maritime demarcation agreement signed between Egypt and Saudi Arabia.
Ganope signed two contracts with the British TGC and the U.S. Schlumberger with investments exceed $750 million .
Schlumberger Ltd's (SLB.N) quarterly profit and revenue beat analysts' estimates on Friday.