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SLB Schlumberger Ltd

47.68
0.10 (0.21%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Schlumberger Ltd NYSE:SLB NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.10 0.21% 47.68 47.97 47.13 47.66 11,106,909 01:00:00

Lamprell Reaches Amicable Settlement With Schlumberger's Cameron

15/08/2017 8:20am

Dow Jones News


Schlumberger (NYSE:SLB)
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LONDON-- Oil services company Lamprell PLC (LAM.LN) Tuesday said it reached an amicable settlement with Schlumberger Ltd (SLB) subsidiary Cameron International Corporation related to issues with equipment supplied by Cameron in 2016.

The settlement included Lamprell receiving some remedial costs, but will leave its net cash position largely unchanged, Lamprell said.

Lamprell also announced that it held constructive talks with Schlumberger, leading to Lamprell winning a rig contract with Schlumberger. Lamprell didn't disclose financial details for the contract.

 

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

 

(END) Dow Jones Newswires

August 15, 2017 03:05 ET (07:05 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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