It is no secret that the reflation in oil prices, WTI and Brent, above $50.00/bbl in the last six months has been a boon to the companies that service oil and gas wells. This price reflation in the underlying commodities has driven increases in upstream activity as shown in the graphic below. Data- PrimaryVision, chart by author In this article, we will review the improved financial metrics of one of the biggest Oilfield Service companies (OFS), Schlumberger, (NYSE:SLB), and some things it is doing to develop new technologies for the future. There is a fine line that companies like SLB must walk. They must find ways to generate cash flow and profits with the present dominant form of energy, petroleum. At the same time, to stay relevant for the long term they must meet the new energy economy with solutions. Schlumberger exhibited a renewed sense of optimism about the […]