Schlumberger

Latest Schlumberger News

• Tesco Corporation and Schlumberger announced that they have signed a definitive agreement for Schlumberger to acquire Tesco's CASING DRILLING division for $45 million in cash.

• Schlumberger Limited (NYSE:SLB) reported first-quarter 2012 revenue of $10.61 billion versus $10.97 billion in the fourth quarter of 2011, and $8.72 billion in the first quarter of 2011.

• Terms of the all-cash transaction, which remains subject to customary closing conditions, including regulatory approval, were not disclosed.

• Closing of the transaction is subject to customary regulatory approvals.

• Schlumberger announced that it has entered into an agreement with Altor Fund II to acquire SPT Group-a privately owned software company specialized in dynamic modeling for the oil and gas industry.

• The completion plan and frac design were finalized in consultation with Schlumberger and Haliburton after review and analysis of data from the open hole logs.

• Schlumberger announced the introduction of the MicroScope high-resolution resistivity and imaging-while-drilling service.

• Schlumberger Limited today reported full-year 2011 revenue of $39.54 billion versus $27.45 billion in 2010.

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