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Schlumberger. Schlumberger NV ( French: [ʃlumbɛʁʒe, ʃlœ̃b-] ), doing business as SLB, also known as Schlumberger Limited, [2] is an American oilfield services company. [3] [4] As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue.
1980s oil glut. The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis. The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $129 per barrel in 2023 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($75 to $28 in 2023 dollars).
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Captain. Chesley Burnett " Sully " Sullenberger III (born January 23, 1951) is an American retired fighter pilot, diplomat, and airline pilot. He is best known for his actions as captain of US Airways Flight 1549 in 2009, when he ditched the plane, landing on the Hudson River after both engines were disabled by a bird strike.
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COVID-19 recession. On 20 February 2020, stock markets across the world suddenly crashed after growing instability due to the COVID-19 pandemic. It ended on 7 April 2020. Beginning on 13 May 2019, the yield curve on U.S. Treasury securities inverted, [1] and remained so until 11 October 2019, when it reverted to normal. [2]