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SEED, also known as Schlumberger Excellence in Educational Development, is a global non-profit educational outreach organization within Schlumberger Limited, the global oilfield services company. The mission of SEED is to inspire, influence and enable educators in underserved communities where Schlumberger people live and work to engage youth ...
Schlumberger, owners of Geco-Prakla paid cash to Baker Hughes, which then owned Western, for a 70% stake in a joint venture of the combined companies. [3] In May 2006, Schlumberger bought out Baker Hughes' 30% stake for a reported $2.4 billion, making WesternGeco one of its subsidiaries.
Following his retirement from Schlumberger Ltd., Gould was serving as non-executive chairman of the British oil company BG Group until their merger with Shell in 2015. [ 5 ] [ 6 ] [ 7 ] Until May 2012, Gould was a member of the Board and Lead Independent Director of Rio Tinto plc. and Rio Tinto Ltd. and led their remuneration committee.
Transocean was formed as a result of the merger of Southern Natural Gas Company, later Sonat, with many smaller drilling companies.. In 1953, the Birmingham, Alabama-based Southern Natural Gas Company created The Offshore Company after acquiring the joint drilling operation DeLong-McDermott from DeLong Engineering and J. Ray McDermott.
March 2008 – The mineral rights to drill for oil at the Macondo well, located in Mississippi Canyon Block 252 in the United States sector of the Gulf of Mexico about 41 miles (66 km) off the Louisiana coast, were purchased by BP at the Minerals Management Service's (MMS) Lease Sale No. 206, held in New Orleans.
He has worked for Schlumberger for 32 years (as of July 2019), rising to chief operating officer (COO) in February 2019, before succeeding Paal Kibsgaard as CEO on 1 August 2019. [ 2 ] [ 5 ] [ 4 ] In 2023, Le Peuch's total compensation from Schlumberger was $17.2 million, representing a CEO-to-median worker pay ratio of 154-to-1.
Schlumberger argued that the invention was not the computer program, but rather the process of "transforming measurements into useful information." Schlumberger argued that the definition of "invention" in the Patent Act did not exclude inventions involving computers and so there was no reason the process was not a patentable invention. [6]
Petrel is a software platform by Schlumberger Information Solutions used in the exploration and production sector of the petroleum industry. It is a cloud-based platform designed to develop collaborative workflows to increase oil and gas performance.