Canadian Shales

Canadian Shales Exclusives

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Technology advances and shifts in the socioeconomic climate present challenges to business leaders.

Schlumberger, oil, reserves, exploration, spending, Paal Kibsgaard

The head of the world’s largest oilfield service company says the world could face a medium-term supply deficit given today’s reserves depletion rate and falling exploration spending.

Schlumberger, drilling, oilfield services, U.S., North America, Kibsgaard, technology, costs, Gulf of Mexico, Latin America

North America revenue grew by 6% to $1.9 billion, while international revenue dropped by 7% to about $4.9 billion compared with the previous quarter.