Schlumberger Escapes Oil Slump, Takes Part in $6.2 Billion in Active Projects

SUGAR LAND--October 25, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Despite a slowing North American market for oil production, Schlumberger Limited (NYSE:SLB) (Houston, Texas) enjoyed a robust third quarter as operations abroad kept the oilfield services provider in solid shape. The company expects capital expenditures to be about $2.1 billion for the full year, roughly $500 million higher than in 2016. Industrial Info is tracking $6.2 billion in active projects involving Schlumberger, including about $2.3 billion worth under construction.

Within this article: Details on some of the highest-valued projects under construction involving Schlumberger, including those from major companies such as Hilcorp Energy Company, Statoil ASA (NYSE:STO), Wintershall Norge AS and Kuwait Oil Company.