This follows the Noble Energy contract award to OneSubsea in 2017 for the supply of 10,000-psi horizontal production trees, tree-mounted controls, off-tree controls, and topside controls for the same project.The Cameron Group received a purchase order valued at $6.7 million from Seadrill Limited for an integrated riser joint for its third MPD system delivered by Schlumberger. ThruBit* through-the-bit logging services measurements in the lateral were incorporated for optimum placement of perforations to ensure cluster efficiency.In North Dakota, Artificial Lift Solutions used a combination of technologies in a Bakken Shale well to save equipment replacement and workover costs. Year ended December 31 2018 2017 2016 Revenue $ 32,815 $ 30,440 $ 27,810 Net income (loss) attributable to Schlumberger $ 2,138 $ (1,505) $ (1,687) Diluted earnings (loss) per share $ 1.53 $ (1.08) $ (1.24) Cash dividends per share $ 2.00 $ 2.00 $ 2.00 Cash flow from operations $ 5,713 $ 5,663 $ 6,261 For Q1 2018, Schlumberger's Middle-East & Asia Area's revenues dropped 4% to $2.31 billion on a q-o-q basis, driven by pricing pressure and lower … Join us at our three-day Schlumberger Online Conference beginning June 29.The future of oil and gas is digital. The US land pressure pumping business, however, was impacted by weaker than expected activity as well as by softer pricing, inefficiency, rising supply chain costs, and rail logistical challenges. The turnkey project requires drilling of several well types with varying levels of complexity that require a broad range of technologies. In one well, HyperBlade bit technology achieved a 50% improvement in the rate of penetration (ROP) in the vertical section, which saved the operator 7.5 hours of drilling time compared with offset wells using conventional bits. The joint venture will be owned 50% by Subsea 7 and 50% by Schlumberger.On April 18, 2018, the Company’s Board of Directors approved a quarterly cash dividend of $0.50 per share of outstanding common stock, payable on July 13, 2018 to stockholders of record on June 6, 2018.First-quarter revenue of $7.8 billion decreased 4% sequentially with North America revenue increasing 1% while International revenue decreased 7% as a result of seasonality.Reservoir Characterization Group revenue of $1.6 billion, of which 77% came from the international markets, decreased 5% sequentially. US Eastern Time. OneStim hydraulically fractured these five wells and early production was compared with public data from representative offset wells within a 10-mile radius that had been completed in the last two years using conventional stimulation methods. This integrated model includes efficiency improvements to the drilling module, streamlined consecutive workflows, and optimized human resources at the wellsite by multiskilling crew members.The following is a reconciliation of the weighted average shares outstanding to the average number of shares outstanding, assuming dilution, used in the calculation of diluted earnings per share, excluding charges and credits.These capitalized investments, which may be in the form of cash as well as the previously mentioned direct costs, are expensed in the income statement as the related production is achieved and associated revenue is recognized.
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