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Tuesday, June 19, 2018

Schlumberger News

Photo courtesy of Schlumberger

Schlumberger Debuts GeoSphere

Schlumberger introduced the GeoSphere reservoir mapping-while-drilling service. The new technology reveals features in subsurface beddings and fluid contacts at the reservoir scale to optimize well landing operations, steering capabilities and mapping of multiple boundaries using new deep-directional resistivity measurements enabled by proprietary real-time interpretation techniques.   “With GeoSphere technology, Schlumberger is introducing the first-ever reservoir mapping-while-drilling service that enables customers to map their reservoirs using unprecedented depth of investigation

Schlumberger: No More Job Cuts Expected in Current Oil Slump

Schlumberger Ltd, the world's No.1 oilfield services provider, said it was optimistic that it had completed the job cuts needed in this oil downturn.   Executives speaking on the company's earnings call on Friday said they expected "positive movement" in oil prices in 2016, but that any significant recovery in activity levels would come next year.   Schlumberger reported a slightly better-than-expected quarterly profit on Thursday as it cut costs again - mostly through 10,000 job cuts - and the company unveiled a $10 billion share buyback program.   The company has cut 34

Duncan Eley (Photo: Polarcus)

Eley to Take over as Polarcus CEO

the near term, Polarcus will eliminate the COO position “to better align with current market conditions,” the company said.   Eley has over 18 years of experience in the seismic industry in various senior management roles and has been Polarcus' COO since May 2013. He worked with Schlumberger for 10 years supporting marine seismic operations in Europe, Africa and the Americas. Prior to joining Polarcus in 2009, Eley worked for a global strategy consultancy firm across the energy, transport and natural resources sectors. Eley has a Bachelor of Science and Bachelor of Engineering from

AccessESP Names Algeroy as Europe and Africa Region Manager

for clients throughout the region.   Algeroy joins AccessESP with 32 years of domestic and international oilfield experience where he has served in a variety of operational and managerial positions, primarily in the completions sector. Most recently, he worked as the product line manager for Schlumberger where he was responsible for the development of a new electric intelligent completions system for ERD and ML wells.    Algeroy holds a Bachelor of Science in petroleum engineering from Stavanger University in Norway. He is an active member of SPE where he has served as a Forum-Steering

Zambelli appointed CCO, Maersk Drilling

on board, Maersk Drilling will be taking the next step in enhancing our customer interaction. Ana’s technical knowledge and extensive leadership experience will be a great asset for the Commercial department. Furthermore, Ana’s vast operational experience, not least from her long tenure at Schlumberger, will be the right fit for the new journey Maersk Drilling is embarking on, where partnership, integration and well efficiency will be the focal points of our value proposition and on-going discussion with our customers.” Ana Zambelli joins Maersk Drilling from Transocean, where she has

Graeme Slater (Photo: WFS Technology Ltd.)

Slater joins WFS Technologies as Sales Manager

and Southeast Asia. He is based in Aberdeen.   Since joining WFS in March, Slater has been supporting the company’s U.K. and international customers in its use of Seatooth-enabled products to increase production and reduce costs.   Prior to joining WFS Slater spent 13 years at Schlumberger in domestic and international managerial positions as the main point of contact. Before Schlumberger, he worked in engineering roles for National Oilwell Varco and Wood Group Engineering.   Slater was educated Robert Gordon University where he holds a BSc in Electrical & Electronic

Keppel T & T Appoints Lim Chin Leong to its Board

& Transportation Ltd (Keppel T&T) has strengthened its Board with the appointment of Mr Lim Chin Leong as an independent, non-executive Director with effect from 1 September 2014. Mr Lim will also be a member of the Nominating Committee and Board Safety Committee. Mr Lim, 59, was with Schlumberger for more than 30 years where he served in various roles from technical, personnel and line management positions in Asia, the Middle East and the US, including Vice President of Well Completions and Production (Middle East and Asia) and President of Schlumberger Oilfield Services. Mr Lim retired

Jamie Pollard (Photo: QinetiQ)

QinetiQ Names CEO for OptaSense

QinetiQ has appointed Jamie Pollard as CEO of its Distributed Acoustic Sensing (DAS) subsidiary, OptaSense. Pollard brings over 20 years’ of experience from oilfield services company Schlumberger, where he ran and grew large global businesses and joint ventures, working across the U.K., U.S., Continental Europe and Africa. Pollard graduated with a degree in Mechanical Engineering from Loughborough University of Technology.  Steve Wadey, CEO of QinetiQ said, “I am delighted to be making a positive investment in OptaSense by appointing Jamie Pollard as its CEO to augment the

Fraser Louden Photo EV

EV Appoints New CEO

EV has announced the appointment of a new chief executive officer.   Bringing over 28 years’ of industry experience to the role, Fraser Louden has held a number of positions within a range of oil and gas service companies - including 17 years with Schlumberger - in global management and leadership posts. His career has also seen him work as managing director, and subsequently as chief executive officer of READ Well Services.   Fraser joins EV from his most recent position as managing director at ALS Oil & Gas, Houston, which was a role he held for four years.   To

Svanevik Elected to Seadrill Board

and was previously managing director for the investment advisory firm, Oavik Capital. Prior to Oavik, he was head of M&A and a partner at Aker ASA, and COO and EVP of Kværner ASA. Svanevik also worked nearly a decade in corporate advisory and investment banking. He started his career at Schlumberger, where he held various international financial management positions. Svanevik has an AMP from Harvard Business School and a MBA from Thunderbird

Aker Solutions Shuffles Leadership Team

boost companywide cost-efficiency by at least 30 percent by the end of 2017. The new organization will have five delivery centers: customer management, front end, products, projects and services.    As part of the plan, Dean Watson has been named chief operating officer. Watson joins from Schlumberger, where he has held various leadership positions, and will report to Chief Executive Officer Luis Araujo.   The other executive management team members were selected internally. Valborg Lundegaard, currently head of engineering, will lead the customer management center. Svenn Ivar Fure will

Photo: Statoil

Norway Labor Union in Small Expansion of Oil Industry Strike

this stage, he added.   Union officials would meet next week to review the state of the strike and what to do next, he said.   Mediation between Industri Energi and the Norwegian Oil and Gas Association broke down earlier this week, triggering the initial strike at the Norwegian units of Schlumberger, Halliburton, Baker Hughes, Oceaneering and Oceaneering Asset Integrity.   The negotiations were on behalf of about 6,500 union members at around 30 companies.   Norway is western Europe's top oil and gas producer, with state-controlled Statoil its largest firm. Reporting by

Photo: CMA CGM

CMA CGM Appoints New CFO

Group, the world’s leader in high technology batteries.    Prior to this, he was Chief Financial Officer and member of the Executive Committee at Imerys, the world leader in mineral-based specialties for industry, which he joined in 1999. Michel Delville started his career at the Schlumberger group where he held various financial responsibilities in France and abroad for ten years.   Michel Delville is a graduate of law with a MBA from the University of Liège (Belgium) and a graduate of INSEAD.   CMA CGM wishes to thank Michel Sirat for his important contribution

Schlumberger Slashing 9,000 Jobs

jobs, or about 7 percent of its workforce, as it focuses on controlling costs amid plummeting oil prices. The company said it took charges amounting to $1.77 billion in the fourth quarter including impairment charges related to its seismic business, Venezuela currency devaluation and job cuts. Schlumberger had said last month that it would take a $1 billion charge related to jobs cuts and the writedown of some seismic vessels. "They did say they would be cutting jobs, but the magnitude of them is definitely a shocker," Philip Van Deusen, an analyst with Tigress Financial Partners LLC

Zurquiyah Named CEO of CGG

23 board of directors meeting.   “Sophie will take office at the end of the next general meeting on April 26. Until then, the Group remains managed by Jean-Georges,” Dorval said.   Zurquiyah joined CGG in 2013 after 22 years in the oilfield services industry, working for Schlumberger in global executive positions ranging from business, operations, functional to technology, based in France, the U.S. and Brazil. She is a graduate from École Centrale de Paris, holds a master in Numerical analysis from the University of Paris VI (UPMC) and a master in Aerospace engineering

(File photo: Polarcus)

Mannering Named Polarcus Chairman

Michael Mannering has been nominated to succeed Polarcus’ outgoing chairman of the board, Peter Rigg, with effect from the 2018 AGM on May 10.Rigg will retire after a decade as chairman of the marine geophysical company, having served in the role since the company’s inception in 2008.Mannering has previously held many senior corporate positions in Schlumberger as well as chairman and, subsequently, non-executive director of Songa Offshore until its acquisition by Transocean. He has a BSc (First Class) in Mechanical Engineering from the University of Southampton.

Helge Lund  Photo courtesy of BP

BP Names Former Statoil Boss Lund as Next Chairman

months before the worst offshore oil disaster in U.S. history that left 11 workers dead. He played a key role in the aftermath of the disaster that cost the company over $65 billion.Lund, who is also chairman of Denmark's Novo Nordisk AS , will stand down as a director at oilfield service company Schlumberger with immediate effect. He has been a Schlumberger director since June 2016.He started his career as a consultant with McKinsey & Company and a parliamentary adviser for Norway's Conservative party. Lund was also on the board of directors of Nokia from 2011 to 2014.(Reporting by Ron Bousso

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