Paul
You got to be kidding me. Throw half $B at WFT who is at the brink of insolvency. Are you following your masterpiece of OneSubsea? The naming sees you are on the right track.
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SLB is 'acquiring' WFD hardware [frac trucks]. Possibly a marketing strategy to compete with HAL, as well as to block BJ from gaining market share.
Good Comments- @MtssBNq-szl
This sums up the Transformation we now have to do a JV with our weakest competitor to play catchup with because we took a gamble on the Transformation not investing in technology heavily since 2014, imagine what we would have if we spent the $billions of dollars that transformation has cost on technology.
This is actually quite embarrassing that it is WFT have a better technology offering than SLB and I am seeing the same thing in many markets where we are no longer 1 or even number 2.
Someone please stop Paal rolling the dice with SLB future.
From what I see, slb hurts creativity and innovation when they buy a company.
They do this by putting up road blocks in between departments by making departments charge each other for services. This completely halts all collaboration, knowledge sharing, and assisting each other.
Then engineers cant work on anything without having an approved project with a budget.
They would rather have engineers sitting around doing nothing while waiting months to get a 'project' approved.
Then they also mark up internal mfg products by 30% when another slb group wants to buy it. That forces the other slb group to go buy from a competitor than from inside their own company.
They literally treat external money and internal money the same which makes no sense. One would think that when they use internal services that it should not hurt one department's budget.
Eitherway, I see all R&D and creativity coming to a halt for weatherford once schulmberger buys the rest of it.
What is this sh--? Weatherford exited the US frac market and SLB is playing third tier? So the two combine and what? Lose more money?
That is not the new bussiness trend of slb. 15 years already i have not seen they design anything. Only purchase and make thing more expensive to sell more.