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On Friday, oil-field services giants Schlumberger and Baker Hughes , one of its largest peers, will kick off earnings season for their sector. Unless the 34 analysts who follow the bigger company ...

Schlumberger is a giant in the energy-services industry, helping oil and gas drillers with just about every aspect of their operations. Between providing pipe and drill bits, seismic services, and...

In the oil field services industry, technology puts you at the top of the heap. It is no coincidence that Schlumberger ( NYSE: SLB) , the biggest oil field services provider in the world, is also...

The 1979 Oil Crisis, also known as the 1979 Oil Shock or Second Oil Crisis, was an energy crisis caused by a drop in oil production in the wake of the Iranian Revolution. Although the global oil supply only decreased by approximately four percent, the oil markets' reaction raised the price of crude oil drastically over the next 12 months, more ...

Imperial Russia produced 3,500 tons of oil in 1825 and doubled its output by mid-century. After oil drilling began in the region of present-day Azerbaijan in 1846, in Baku, two large pipelines were built in the Russian Empire: the 833 km long pipeline to transport oil from the Caspian to the Black Sea port of Batum (Baku-Batum pipeline), completed in 1906, and the 162 km long pipeline to carry ...

The seal (also referred to as a cap rock) is a fundamental part of the trap that prevents hydrocarbons from further upward migration. A capillary seal is formed when the capillary pressureacross the pore throats is greater than or equal to the buoyancy pressure of the migrating hydrocarbons.