After a long time of nothing but problems WND is shutting down
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Schlumberger CEO, Olivier Le Peuch, commented: “First-quarter revenue of US$7.5 billion declined 9% sequentially and 5% y/y as the unprecedented global health and economic crisis sparked by the Covid-19 pandemic increasingly impacted industry activity during the quarter. The effect of this was amplified late in the quarter by a new battle for market share between the world’s largest oil producers. This double black swan event created simultaneous shocks in oil supply and demand resulting in the most challenging environment for the industry in many decades.
“Customer spending and drilling activity in North America declined as oil prices slipped early in the quarter before falling abruptly in March. This resulted in a 7% sequential decrease in North America revenue to US$2.3 billion as we accelerated our land strategy to high-grade our portfolio and resized our operational footprint. International activity, expected to be seasonally lower sequentially, suffered from Covid-19-related activity disruptions and initial customer spending cuts in response to falling oil prices. International revenue of US$5.1 billion declined 10% sequentially.
Hey guess what? Williston still open... in fact they absorbed Cheyenne OneStim TLM so I'd say they are still open, definitely...
How do you know Williston is shutting the doors? Didn’t they come back before? Don’t you think they can survive this?
Yes entire Williston district is a ghost town. It’s not just people working from home. They are shutting it down.
You called it. They have a handful left. What the hell is slb doing? They really burned some bridges here. They have become the sears of this industry.
They made their letters for coworkers who took less pay look like the normal promotion letters. Made people take less pay then paid them off. No one trusts them anymore.
Williston is on verge & Rock Springs by End of April; Rock Springs has become a do nothing camp in last 30 days & all Rock Springs is doing is handing out ‘employee’ checks for sitting around in Work Trucks, Company Pickups & leaving yard making unnecessary trips to other camps to look busy; crazy sh– going on out here where Corporate or Houston can’t see.🙈
To the person who said misinformation you must be a current SLB manager as I was a former this is good info maybe not all but most and the biggest revenue generating parts will be gone. Pull your head out it cost far too much to keep rotating in and out of a place where you have no work this is the end
Wireline in Williston?
the entire district? no they are not. maybe one specific product line but not the entire district, don't spread misinformation.
Which segment?