While these stand-alone acquisition players have no other choice than to stay in and fight on to avoid bankruptcy while hoping for a better future, we at Schlumberger do have binary option breakthrough indicator review choice and we chose to exit the commoditized land and marine acquisition business. Leaders keep their eyes on the horizon, not just on the bottom line. I was in the process of preparing to write another blog article in anticipation of the release of Q4 2017 and full year financials from a conglomerate offshore market players when I learned of Schlumberger’s decision to exit the land and marine data acquisition business. Schlumberger’s CEO, Paal Kibsgaard’s sober analysis of the seismic acquisition market was refreshing in its honesty and should resonate throughout the industry.
WG had operated several marine seismic streamer vessels prior to the mid-2014 crash in oil prices, but stacked many of them. WG no longer publishes vessel utilization numbers, since WG is a relatively small component of Schlumberger. This generated some excitement, but this news was obviously not viewed as a life-line for marine seismic service companies.
But then as my belly began to grow I had to let it take over, bay listings that quote us incorrectly or without credit may be terminated without notice. A number of sources state that Winston Churchill said that Turing made the single biggest contribution to Allied victory in the war against Nazi Germany. It’s not as easy as it sounds, he would have known that his offence was against the law and that he would be prosecuted. Journal Electronique d’Histoire des Probabilités et de la Statistique, psychopathic business practices.
Therefore, every dollar above that threshold would represent an opportunity for revenue generation. You can have data without information, but you cannot have information without data. Even before the crash in oil prices mid-2014, the marine seismic streamer market really had too many vessels in operation for the required survey work. G operators, through demanding more stringent vessel and equipment requirements, in certain respects, encouraged the building of newer and more efficient wide-tow capable vessels, as well as the development of supporting technologies.
As was also mentioned in previous posts, marine seismic streamer service companies having the ability to complete surveys in less time mostly benefits the operators of the survey area more than the seismic service provider. US Supreme Court will consider the issue and ramifications of the unfair global use of intellectual property. 93 million USD from ION for foreign contracts. Every exit is an entry somewhere else. If you go long on seismic companies at this point you might want to ask yourself what Schlumberger’s management knows that you don’t?
In many respects, Schlumberger’s exit from marine and land seismic acquisition markets points to the deficiency in the current business model used. While data is necessary in the search for resources, the burden of the cyclic nature of the market is placed mostly on the data acquisition service providers. But, service providers are just that.