CORRECT:Schlumberger Chairman: No Signs Slowdown Hitting Oil,Gas Industry
11 Outubro 2011 - 1:14PM
Dow Jones News
There haven't been signs yet that the oil and gas industry has
been negatively affected by the global economic crisis, the
chairman of the world's largest oilfield services company said
Tuesday.
"There are no signs of a slowdown, not yet," said Andrew Gould,
chairman of Schlumberger Ltd. (SLB). The oilfield services
companies are considered an accurate barometer of the oil and gas
industry's health given that their businesses tend to increase when
producers raise their investment spending.
Gould, who stepped down as Schlumberger's chief executive in
August, said the company wouldn't be targeting any large scale
acquisitions in the near term, though it would still look to
smaller specialist firms if it was to make any purchases.
"We've done most of our acquisitions. We'll always acquire small
technology companies, but I don't think after having done Smith and
Geoservices last year we'll be doing any in the near future," said
Gould. Schlumberger last year bought rival Smith International in
an $11 billion all-stock deal, and energy services provider
Geoservices for around $1 billion.
-By Alexis Flynn, Dow Jones Newswires; +44 207 842 9471;
alexis.flynn@dowjones.com
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