International

Schlumberger says carrying value of Russia assets is $800mln

Published on : 2022-04-28

Oilfield services firm Schlumberger NV on Wednesday said the carrying value of its net assets in Russia was roughly $800 million as of March 31, 2022, according to a filing with the U.S. Securities and Exchange Commission (SEC).

Russia represents roughly 5% of Schlumberger's revenue, the company said.

The company has said it will suspend new investments and technology deployments in Russia following its invasion of Ukraine, which Russia calls a "special operation."

QatarEnergy to build 18 largest LNG vessels ever built in China’s CSSC for $6bln

The new vessels, with a capacity of 271,000 cubic meters each, will be constructed at China’s Hudong-Zhonghua Shipyard

UAE’s Dana Gas suspends operations at Iraq’s Khor Mor gas field following drone attack

The UAE-based Dana Gas, the largest private sector natural gas company in the region, has suspended operations at its Khor Mor gas field following a drone attack on its site on April 26

Shell earns $1bln a year from US crude trading, court filing shows

Testimony by a former head of Shell U.S. crude trading division filed in a Texas state court has offered a rare look at the huge profits of its trading operations and the multi-million dollar bonuses bestowed on traders