Schlumberger CEO Says Permian Growth Could Be Lower

Posted by Michelle Howard
Friday, October 19, 2018

Schlumberger NV Chief Executive Officer Paal Kibsgaard said on Friday that growth in the Permian basin could be lower than anticipated, and that pricing and demand for oilfield services in North America will remain soft in the fourth quarter.

He also said on a conference call with analysts the main challenge in the Permian basin is going to be reservoir and well performance.

Reporting by John Benny in Bengaluru

Categories: North America Shale Oil & Gas

Related Stories

Finder Energy Buys Petrojarl I FPSO for Timor-Leste Oil and Gas Projects

BP Hires Seatrium to Deliver Tiber FPU in Gulf of America

Venture Global, Tokyo Gas Ink 20-Year LNG Supply Deal

Russia Seeks to Boost Oil Exports to China as Sanctions Tighten

Seatrium Maintains $12.8B Order Book on Renewables and FPSO Progress

Petrobras’ New FPSO Sets Sail From South Korea to Brazil's Santos Basin

Sponsored: Record Deals and Record Attendance Underscore ADIPEC’s Global Impact

Sponsored: Policy, AI, and Capital Take Center Stage at ADIPEC 2025

SBM Offshore, SLB to Optimize FPSO Performance Using AI

Cheniere, JERA Ink Long-Term LNG Sale and Purchase Agreement

Current News

Eni Expands Asian Footprint with Long-Term LNG Contract in Thailand

Finder Energy Buys Petrojarl I FPSO for Timor-Leste Oil and Gas Projects

CNOOC Puts New South China Sea Development Into Production Mode

ADES Nets $63M Contract for Compact Driller Jack-Up off Brunei

Mubadala Energy, PLN Energy Primer Team Up for Andaman Sea Gas Supply

BP Hires Seatrium to Deliver Tiber FPU in Gulf of America

Venture Global, Tokyo Gas Ink 20-Year LNG Supply Deal

Greater Sunrise Moves to Next Phase with Timor-Leste, Woodside Deal

Russia Seeks to Boost Oil Exports to China as Sanctions Tighten

Blackford Dolphin Semi-Sub to Keep Drilling Offshore India

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com