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BUSINESS
September 12, 2010 | By Andrew Leckey
Question: I am uncertain about the energy business and concerned about my shares of Schlumberger Ltd. Please give your opinion. Answer: The world's largest oil field services company, with more than 100,000 employees in 80 countries, is counting on its advanced technology and research to drive profits forward. Schlumberger operates in a cyclical business subject to energy price swings, environmental concerns and political uncertainties around the globe. The Houston company offers an extensive portfolio of services and products, including seismic surveys, specialized software and artificial lifting, which is used to increase the flow of crude oil from a production well.
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BUSINESS
September 12, 2010 | By Andrew Leckey
Question: I am uncertain about the energy business and concerned about my shares of Schlumberger Ltd. Please give your opinion. Answer: The world's largest oil field services company, with more than 100,000 employees in 80 countries, is counting on its advanced technology and research to drive profits forward. Schlumberger operates in a cyclical business subject to energy price swings, environmental concerns and political uncertainties around the globe. The Houston company offers an extensive portfolio of services and products, including seismic surveys, specialized software and artificial lifting, which is used to increase the flow of crude oil from a production well.
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BUSINESS
June 19, 1998 | Bloomberg News
Schlumberger Ltd., the nation's largest oil field services company, is in talks to acquire Camco International Inc. for more than $2.8 billion, the latest potential combination in an industry being squeezed by cost-cutting. Houston-based Camco, the nation's eighth-largest oil field services company, said it's in talks with "an unnamed party." New York-based Schlumberger is expected to pay more than $75 a share for Camco in the acquisition that could be announced today.
BUSINESS
January 22, 2008 | Mark Jewell, The Associated Press
Major defense contractor Raytheon Co. is selling microwave technology to a large oil field services company to extract oil reserves in the West's vast underground shale deposits. In a deal to be announced today, Schlumberger Ltd. is buying technology that Raytheon developed with Boston-based CF Technologies, which supplied expertise to extract oil using so-called supercritical liquid carbon dioxide.
BUSINESS
September 12, 1985
Michel Vaillaud, president of Schlumberger Ltd. since December, 1982, was elected Wednesday as chairman of the oil-field services and semiconductor company, succeeding Jean Riboud. New York-based Schlumberger said its board of directors selected Vaillaud, 53, at a meeting requested by Riboud, 65, who has been chief executive since 1965. Vaillaud also will continue to serve as president. Riboud will continue to serve as a director of Schlumberger and as a member of the executive committee.
BUSINESS
April 22, 1987 | DONNA K. H. WALTERS, Times Staff Writer
Two of Fairchild Semiconductor's overseas manufacturing plants are up for sale, amid efforts by Fairchild's parent, Schlumberger Ltd., to get out from under the heavy burden of the semiconductor business. Fairchild itself is up for sale. Since a plan for Japanese chip maker Fujitsu to buy Cupertino, Calif.-based Fairchild collapsed last month, Schlumberger has considered options including a management-backed buyout for the subsidiary.
BUSINESS
January 12, 1987 | BILL RITTER, San Diego County Business Editor
A San Diego high-tech firm said Sunday it is willing to buy the defense-related operations of Fairchild Semiconductor if the federal government decides the pending sale of those businesses to a Japanese firm endangers national security. Applied Micro Circuits would be an "alternative" buyer of the Fairchild units now proposed to be sold to the microelectronics subsidiary of Japan-based Fujitsu Ltd., according to Roger Smullen, Applied Micro Circuits chairman and chief executive.
BUSINESS
March 19, 1987 | DONNA K.H. WALTERS, Times Staff Writer
The chief executive of Fairchild Semiconductor lashed out at his competitors Wednesday, accusing them of kindling "the fires of opposition" that led to the collapse of Fujitsu Ltd.'s plan to buy control of his company. Fairchild's Donald W. Brooks also said he expects industry leaders to oppose a new plan for the Japanese electronics giant and the Cupertino, Calif.-based chip maker to share technology and manufacturing instead of merging.
BUSINESS
February 1, 1985 | Associated Press
Dow Chemical Co. said Thursday that its profit rose 9.7% to $79 million in the fourth quarter from a year earlier, amid a less-than-normal seasonal increase in demand for chemical products. Revenue in the fourth quarter totaled $2.7 billion, down 8.1% from the fourth quarter of 1983. For the 1984 year, Dow Chemical said its profit soared 75.1% from 1983, partly because of favorable market conditions abroad and the sale of half of its oil field services business.
BUSINESS
June 9, 1987 | CHRIS KRAUL, San Diego County Business Editor
The prediction that a company will go from less than $2 million in sales in 1986 to "hundreds of millions" by 1992 would be received with a dose of skepticism by many listeners, now matter how spectacular the company's technology. But the man making the prediction in this case is Brooktree Corp. Chairman Myron Eichen, who insists that his firm will become a "major company" over the next decade.
BUSINESS
June 25, 2003 | From Bloomberg News
Schlumberger, an oilfield services company that is shedding assets to cut debt, agreed on Tuesday to sell its San Jose-based NPTest semiconductor-testing unit to a group led by Francisco Partners and Shah Management for $220 million in cash. The deal came one day after plans to take NPTest public in an initial public stock offering were dropped due to "conditions in the securities markets."
BUSINESS
June 24, 2003 | From Times Staff Reports and Reuters
The market for initial public stock offerings suffered another blow on Monday when San Jose-based NPTest Inc. withdrew its planned sale. But real estate company Maguire Properties Inc. of Los Angeles still is expected to price its stock offering after markets close today, according to sources familiar with the deal. NPTest, a unit of oilfield services firm Schlumberger Ltd., pulled its sale because of what it called "conditions in the securities markets."
BUSINESS
February 13, 2001 | From Bloomberg News
Schlumberger Ltd., an oil-field service company that has expanded into electronic meters and "smart" bank and credit cards, agreed to buy computer system consultant Sema for $5.3 billion in cash. But Wall Street had a harsh reaction, sending Schlumberger shares down $9.20, or nearly 12%, to $69 on the New York Stock Exchange. Sema, which is 17%-owned by France Telecom, helps businesses set up computer systems and provides software for mobile phones and electronic payment systems.
BUSINESS
December 7, 1999 | JAMES PELTZ and MICHAEL HILTZIK
Excite@Home (ATHM) Jim: This outfit was originally known as @Home, until it bought Internet portal site Excite not long ago. And now, Mike, Excite @Home is somewhat of an interesting animal out there in the Internet world. Mike: Yes, it's a camel. And thanks for that straight line. This is the quintessential company designed by a committee. Jim: Yikes! And I was going to be charitable and just call it a hybrid. Mike: First, though, let me make full disclosure.
BUSINESS
November 11, 1999 | (Bloomberg News)
Benton Oil & Gas Co. agreed to further develop its main oil field in Venezuela with Schlumberger Ltd. and ended a nine-month search with J.P. Morgan Securities Inc. for ways to boost its share price. Benton and Schlumberger, the No. 2 oil service company, plan to boost production at the South Monagas Unit in the next two to three years from the current rate of about 25,000 barrels a day. They chose Helmerich & Payne Inc. to drill wells. Carpinteria-based Benton hired J.P.
BUSINESS
July 13, 1999 | From Bloomberg News
Schlumberger Ltd. plans to spin off its Sedco Forex Offshore unit to shareholders, then merge it with Transocean Offshore Inc. in a $3.2-billion transaction that would create the world's largest offshore drilling company. Shares of the new company, to be called Transocean Sedco Forex, are valued at $29 each, for a total of about $6.1 billion. Schlumberger shareholders would own 52%.
BUSINESS
April 25, 1995 | Compiled by Jack Searles
Vitesse Semiconductor Corp., a Camarillo producer of circuits and other equipment for the computer industry, says it is shipping large quantities of its gallium arsenide chips to a unit of Schlumberger Ltd. The chips will be used by Schlumberger's automatic test equipment division, which produces systems for testing semiconductor devices and other electronic assemblies.
BUSINESS
June 20, 1998 | Bloomberg News
New York-based Schlumberger Ltd., a leading oil field services company, said it agreed to buy one of its smaller rivals, Camco International Inc., in a stock swap worth about $3.1 billion. Word of the acquisition sent Houston-based Camco's stock soaring almost 20%, gaining $12.48 to close at $74.73 on the New York Stock Exchange. Schlumberger's stock fell $3.69 to close at $66.25, also on the NYSE. The $3.
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