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...services giant Schlumberger....
...His father’s company — then called the Al-Zahawi Group, but now known as Iraq Projects Business Development (IPBD) — quickly procured a contract to provide cleaning, logistics and support services to the...
...The SFO charged the oilfield services company on Friday with seven separate offences of failing to prevent bribery between 2011 and 2017 following a four-year probe....
...Petrofac must pay $95m in penalties for failing to prevent bribery after the UK oilfield services group pleaded guilty at Southwark Crown Court to seven offences in a plea deal with the Serious Fraud Office...
...By 2017, Fridman and his partners dropped a bid for oilfields in west Texas over concerns US regulators would block the deal....
...The new chief executive of oilfield services group Petrofac has admitted the company needs to “do better to restore confidence” after it swung to a loss last year and posted its lowest revenues since an...
...The oilfield services company said on Wednesday it planned to reduce costs by a further $250m next year, up from a previous target of $200m, after slashing $125m in 2020 as subdued energy demand led its...
...Schlumberger Sector: energy services / HQ: Houston, US The crude price plunge of 2020 and deep capital spending cuts by oil producers delivered a savage blow to the world’s oilfield services sector....
...Ayman Asfari, the longstanding chief executive of Petrofac, is to step down after almost three decades at the oilfield services company, which remains under investigation by the UK’s Serious Fraud Office...
...Petrofac, the oilfield services company under investigation by the UK’s Serious Fraud Office, has warned revenues will continue to slide in 2020 as it suffers a hangover from low orders taken in recent years...
...The following year, Singapore-listed Ezra Holdings pushed DBS’s provisions to a record high when the oilfield services group filed for bankruptcy....
...And though chat continued over the encrypted messaging services, there was suddenly a lot less to talk about....
...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....
...Cairn has tied up with US oilfield service companies including Halliburton and Baker and Hughes to scale up capacity, he said....
...Oilfield services group Petrofac has said it expects its revenue to decline next year as it struggles to win new orders amid an investigation by the Serious Fraud Office....
...Petrofac, the oilfield services company under investigation by the UK’s Serious Fraud Office, failed to win any new contracts in Saudi Arabia and Iraq at the start of the year after the key markets were...
...Schlumberger Ltd is the world’s largest listed oilfield services company, operating in more than 85 countries....
...A former chairman of the group described Tencent as “the big, winged stallion in Naspers’ stable”....
...The UK’s Serious Fraud Office said a former executive at Petrofac has pleaded guilty to bribery relating to corrupt payments the oil services company made to win contracts in Iraq and Saudi Arabia worth...
...However, few will make that connection with the trademark black stallion of Lloyds Bank, a humdrum UK-focused high-street lender which has decided that it wants to expand its wealth management business....
...UK oilfield services company Petrofac has agreed to sell its 20 per cent stake in the Greater Stella Area of the North Sea for $292m to Ithaca Energy, as it reverses its foray into production....
...Heavy oil is better for making diesel fuel, while the lighter crude produced from US shale oilfields is better for petrol....
...The healthcare division is to be spun off, and the controlling 62.5 per cent stake in Baker Hughes, the oilfield services group, is to be sold....
...“There is so much uncertainty,” says Andrew Gould, former chairman and chief executive of oilfield services company Schlumberger....
...services company, though none has been charged with any offence....
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