Welcome to the Oil and Gas Financial Journal's Oil Markets Page containing news reported with the Oil & Gas Financial Industry perspective.




    Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to oil and gas exploration and production industries worldwide. It operates through three groups: Reservoir Characterization, Drilling, and Production.

    News, Products and Stock Info

    Industry aids Geoscientists Without Borders in global humanitarian efforts

    11/01/2010 In early 2008, the Society of Exploration Geophysicists (SEG), a not-for-profit organization that promotes the science of geophysics and the education of applied geophysicists, established its Geos...

    Shoaibi Group taps former Schlumberger executive

    04/26/2010 Shoaibi Group, provider of oil and gas technology products and services based in Al Khobar, Saudi Arabia, has named David Malone, an oilfield services executive who spent over 25 years at Schlumber...

    AMEC names Barwick director of Angola ops

    04/13/2010 AMEC, the international engineering and project management company, has named Kirk Barwick director of Angola operations for Paragon Angola Engenharia e Serviços Lda., the company’s jo...

    Schlumberger snaps up Geoservices for $1.07B


    Oilfield services giant Schlumberger will acquire privately-held French oilfield services company Geoservices for $1.07 billion, including net debt.

    Schlumberger, Smith to merge into oilfield services giant


    Oilfield services giant Schlumberger Ltd. plans to acquire Smith International Inc. in an $11 billion stock transaction.

    Luke joins Seismic Equipment Solutions as CFO


    Seismic Equipment Solutions (SES) has made additions to its executive team, including adding Rick Luke as CFO.

    Schlumberger, Chevron release new reservoir simulation software

    10/05/2009 Schlumberger and Chevron Energy Technology Co. have released INTERSECT* next generation reservoir simulation software to enable simulation of large complex reservoirs and highly heterogeneous systems.

    Schlumberger, Apache announce layoffs

    04/24/2009 Large independent oil and gas producer, Apache Corp., and oilfield services giant, Schlumberger Oilfield Services Co. have recently announced plans to reduce workforce numbers amid lower commodity ...

    GoM sale generates $700M in high bids, Shell trumps all

    02/11/2009 The recent Central Gulf of Mexico Oil and Gas Lease Sale 208, conducted by Interior's Minerals Management Service and held in New Orleans, attracted $703,048,523 in high bids. Seventy companies sub...

    Industry Briefs

    12/10/2008 Keep up to date on industry happenings.

    Schlumberger Website




    Gulfport Energy names Gaydosik CFO

    Jul 10, 2014 Gulfport Energy Corp. has appointed Aaron Gaydosik to serve as CFO. Most recently, Gaydosik served as vice president of finance at Kodiak Oil &...

    Revenue, net income show small increases in 4Q2012

    May 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal grew in the final...

    Helix completes sale of oil and gas business

    Feb 6, 2013 Helix Energy Solutions Group Inc.has closed the previously announced sale of Energy Resource Technology GOM Inc. (ERT), the company’s oil and gas s...

    Revenue, net income drop sharply in 3Q12

    Feb 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal continued their d...

    WPX Energy makes natural gas discovery in Niobrara formation

    Jan 23, 2013 Tulsa, OK-based oil and gas exploration and production company WPX Energy said January 22 that a recent Niobrara gas discovery in western Colorado ...


    Vantage Energy files for $400M IPO

    Jul 8, 2014

    Vantage Energy Inc., a privately-held oil and gas company, plans to raise approximately $400 million in an IPO. 

    Rock Oil increases capital commitment, adds to management

    Jun 10, 2014 Wells Fargo Energy Capital and BNP Paribas have made investments and capital commitments to Rock Oil Holdings LLC. In addition, Rock Oil has named ...

    AEPB acquires Permian leasehold for $2.5B

    Jun 9, 2014 American Energy – Permian Basin LLC, an affiliate of American Energy Partners LP, has signed an agreement to acquire approximately 63,000 net acres...

    FourPoint raises $1B in capital, partners with EnerVest in Anadarko Basin

    Jan 31, 2014 FourPoint Energy LLC has acquired certain producing and undeveloped oil and gas properties and related midstream assets in the Western Anadarko Bas...

    OGFJ100P company update

    Jul 11, 2013 Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P compa...

    Oil & Gas Companies

    Egypt signs exploration agreements

    Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm, according to Reuters. The agreements cover seven exploration areas.

    Eni reports oil discovery in Ecuador

    Eni has made a significant oil discovery in Ecuador at the Oglan-2 exploration well located in Block 10, approximately 260 kilometers southeast of Quito. Early estimates suggest that the Oglan discovery potentially contains about 300 million barre...

    ZaZa Energy regains compliance with NASDAQ listing standards

    ZaZa Energy Corp. received a letter from the NASDAQ Stock Market on Sept. 5, advising that the company has regained compliance with Listing Rule 5550(a)(2), which requires the company to maintain a minimum closing bid price of $1.00 per share.

    Maersk Oil cuts quarter of Houston jobs

    As a result of the challenges of growing a non-operated exploration portfolio in the US Gulf of Mexico, Maersk Oil is downsizing its Houston workforce by more than 25% as the company focuses on other parts of the world, according to a report in th...

    Pemex begins post-reform corporate makeover

    Pemex has begun a corporate restructuring following the approval earlier this month of a historic energy overhaul that ended Pemex's decades-long monopoly, according to a Reuters report.

    NOC chairman to replace acting Libya oil minister

    Libya's acting oil minister Omar Shakmak will resign and will be replaced by the chairman of the state oil firm National Oil Corp. (NOC), Mustafa Sanallah, according to a Reuters report.

    Lucas granted NYSE MKT compliance plan extension

    Lucas Energy Inc. reports that the NYSE MKT notified the company that it has been granted an extension until Oct. 31 to regain compliance with the NYSE MKT continued listing standards.