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Schlumberger reports profit

Schlumberger, the world’s largest oilfield services provider, reported a slight profit beat but cautioned that North American growth would slow due to transportation bottlenecks and hurt results next quarter.Although quarterly profits rose from a year ago, the company has been hit by slower-than-anticipated growth in the largest US Permian Basin. Production has outpaced available pipeline takeaway capacity and driven prices lower, but Schlumberger expects the bottlenecks to be resolved in the...

Woodside ties up with ENN

Australia’s Woodside Petroleum said it had signed an agreement to work with China’s privately owned...

Halliburton sales rise

Oilfield services provider Halliburton Co’s third-quarter profit edged past analysts’ estimates...



Adnoc prepares for pipeline assets sale

Abu Dhabi National Oil Co (Adnoc) is preparing to sell stakes in its pipeline assets to help fund plans to expand its overseas refining footprint, a source familiar with the matter said.If the sales go through, Adnoc may use the proceeds to invest in Asia further, where the bulk of crude demand growth is projected to occur, said the source, who spoke on the condition of anonymity. Adnoc has already announced an investment in the $44 billion, 1.2 mbpd Ratnagiri refinery in India alongside Saudi...

In Brief

New Iraqi NOC aims to produce 7 mbpd...


New Iraqi NOC aims to produce 7 mbpdERBIL: Iraq is seeking to produce 7 million barrels of oil per...




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