Hints and tips:
...north-eastern Brazil, Cornish Lithium, a lithium project developer focused on the UK’s south-west region, and EnergySource Minerals, a US lithium technology developer backed by oilfield services giant Schlumberger...
...Shares in Schlumberger, the biggest of them, fell more than 70 per cent as the pandemic hit. US shale patch bankruptcies hurt its customer base, and Schlumberger sold its North American fracking unit....
...Its largest holding, Schlumberger Ltd, the London-listed oilfield services company, made up 6.9 per cent of the portfolio, but dropped more than 70 per cent on Monday....
...Schlumberger Oilfield Holdings was put on probation for three years, and Schlumberger Ltd agreed to continue co-operating with US authorities....
...Shares in Ophir Energy dropped more than 10 per cent on Thursday after the UK independent oil and gas group said services group Schlumberger had pulled out of its key gas project in Equatorial Guinea....
...And in order not to lose capital, shareholders will order Schlumberger to stop work in Russia, which is a risk for the country.”...
...His comments follow similarly upbeat statements from competitor Schlumberger last Friday....
...A Schlumberger spokesman declined to comment. EDC did not provide immediate comment....
...Schlumberger and Eurasia have had a strategic alliance since 2011....
...“There is so much uncertainty,” says Andrew Gould, former chairman and chief executive of oilfield services company Schlumberger....
...“I warmly welcome Schlumberger as our majority shareholder....
...US oilfield services companies Halliburton and Schlumberger recently added to the more positive tone, with the latter’s chief executive, Paal Kibsgaard, saying his company is again focusing on the pursuit...
...Schlumberger, the oilfield services giant, has a 27.5 per cent stake in the project and is helping to fund the work to firm up its potential....
...“Would you expect Halliburton or Schlumberger to come in? Possibly, but I think probably unlikely for competition reasons.”...
...Investec Securities downgraded to “neutral” in response to Friday’s news that Schlumberger had pulled out of a deal to buy a stake in its gas project off Equatorial Guinea....
...Mr Kibsgaard of Schlumberger suggested on Friday that this would be a common view across the industry....
...Schlumberger is registered in Curaçao. Transocean, one of the largest offshore drilling contractors, relocated from the US to the Cayman Islands in 1999, and then to Switzerland in 2008....
...Schlumberger walked away from taking a stake in EDC at the end of September....
...Schlumberger finally abandoned the deal late last month....
...“One can clearly question the fairness of a price at half the level of Schlumberger’s bid which was withdrawn two weeks earlier.”...
...The exodus appears to be related to doubts in the Kremlin over a plan for US-listed Schlumberger to buy 45.7 per cent of Eurasia for $1.7bn and the balance of shares three years later....
...It says confidential down the side, but we checked with Schlumberger and they gave permission to publish....
...• Berenberg, Germany’s oldest private bank, has appointed Manfred Schlumberger as chief investment officer. Mr Schlumberger, who will start in January, joins from BHF-Bank....
...As part of the deal, Schlumberger will have an option to buy the rest of the company after three years....
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