The USSR collapsed when the Saudis reduced the price of oil to under $10 a barrel in the mid-1980s. Now Russia is losing nearly $1 billion a day in revenue due to lower oil prices The Oil Coup US-Saudi Subterfuge Send Stocks and Credit Reeling U.S... — read more 

Oil prices started the last week of the year by falling hard after a brief rally. Crude declined more than 3% Monday to trade below $37 a barrel. Crude had topped $38 per barrel on Thursday, the highest it has been since it started the month above... — read more 

Schlumberger The price target has been reduced from $90 to $87. The EPS estimate for 4Q15 has been revised down from $0.70 to $0.61. The EPS estimates for 2016 and 2017 have been reduced from $2.95 to $2.45 and from $4.00 to $3.45, respectively. “SLB... — read more 

Schlumberger expects international exploration and production spending to decline 15% year over year in 2015. Decline in activity, especially in China, the Asia Pacific, Australia, Russia and North Sea, will continue to pressure revenues. Further... — read more 

http://www.oiljobsnd.net/u-s-shale-oil-industry-will-bankrupt-saudi-arabia-and-claim-victory-against-opec/

Schlumberger plans to lay off more workers next year. In a regulatory filing on Tuesday afternoon, the oilfield services giant said it expects to take a pre-tax restructuring charge of about $350 million in the fourth quarter of 2015 related to the... — read more 

Starting from Monday, 28th Dec Slb will proceed with management's layoff as it was announced last Friday in the conference call. NAM D&M is going to be first, reducing supervisors and team leaders.

Good luck everyone. No one is safe. Dec 23 2015 http://www.cnbc.com/2015/12/23/us-banks-hit-by-cheap-oil-as-opec-warns-of-long-term-low.html

The bearish outlook on oil prices has prompted investors to buy put options at strike prices of $30, $25, $20 and even $15 a barrel, according to data from the New York Mercantile Exchange and the U.S. Depository Trust & Clearing Corp. With WTI... — read more 

SLB never stopped to fire people and cut salaries. Why? because people never say no. What if SLB people stop working for one day for every employee laid off or for any new kind of salary cut.

Heard the other day Mgmt will start looking at these three groups to thin out after 1st of the year because there is no other groups (employees) left to let go. Wow, getting bad out there when you got to let HR people go to save money........ Merry... — read more 

All field personnel (operators, engineers, and specialists) for USL wireline just had it "clarified" that if you have to take a sick day, you don't accrue days off. At home puking your guts out early in your hitch or, even better, taking care of your... — read more 

NGC maintenance mng will have to take the test to become US citizen in order to stay in America. His visa is about to expire and I hope they deny his assss. He is the last Scottish mafia member in NAM. All his brothers got let go from Houston last 4... — read more 

Schlumberger CEO Paal should never get stocks. He become a shareholder, a share holder doesn't care about how they do their job rather than make me more money. Stop CEO and his higher up workers including Operation managers, sales team and... — read more 

Pay attention to your paychecks. Very deceiving and always looking for ways to make you think it's all good, but no it's not. Hiding money from you, we've proven it now. This company is not the place to be anymore. Shit all over the hardest workers... — read more 

Effective January 15th, all NAL wireline field engineers are being switched from a 2-and-1 schedule to 3-and-1. This was announced for Canada last Thursday and still pending for the US. Official announcement in the US is supposed to be Monday. Seems... — read more 

Gents who experienced lay off. please help me to understand a point. I have been with SLB 10 years. Now I expect to be laid off from IM status on which I spent a year only. as I know IM has a specific way.. SLB pays a month salary for each year of... — read more 

Massive layoffs seem unavoidable.

Despite spoiradic algo-crazed ramps, crude oil prices continue to slide back towards a $34 handle (in Jan '16 contract) this morning following a reiterated downbeat note from Goldman Sachs warning that storage levels are "too full for comfort," that... — read more 

What is the word on Rosharon about Layoffs?

They don't layoff anymore, they are firing people or giving them 20% of their salary. They can't afford to layoff anymore. Only firing, easy and won't cost slb a dime.

I was one of the thousands laid off yet I'm not bitter about the CEO's statements from June. SLB held onto all types of assets thinking there was going to be a mid year bottom and recovery after. Now we still are at new lows yet no clue where the... — read more 

Already booked?

http://www.reuters.com/article/russia-oil-idUSL8N14011O20151211#Ltf0T84R2PEzYoRg.97

He promised you all back in July the layoffs were over and SLB was posed for recovery. Yet here he is going back on his word and laying off thousands (Merry Christmas.) Question is, why is he still CEO? Or is it a requirement that you have to be a... — read more 

Apparently activity here is noticed. I posted a not so favorable mention while back and now I have had to use an ISP bouncer to post here again. Hmmmmm, makes me wonder who all else cannot post here anymore. Worked for SLB many years so it wasn't ALL... — read more 

http://www.zerohedge.com/news/2015-12-15/russia-sees-no-oil-price-recovery-coming-7-years

Its been months since I got axed. Am doing OK n you all will be OK. But for now, I hope that all the bootlicking backstabbing colleagues I worked with are still in SLB, worrying every night and day whether the axe will get them.

Do any of you really think that anyone that REALLY knows (other than all four of them) is actually going to comment on here? Of course they are not over. And to all of you who think they really got rid of all the "bad seeds" and the "sour grapes"... — read more 

RIP to the Veteran who didn't find the strength to survive the humiliation of being laid off after such good service and took his life. He will be missed.

Those a** hole's laying me off is the best thing that has ever happened to me! Trust me after years of loyal servitude and several above average reviews, you will still be on the chopping block!

Any of you guys from SLB heard anything concerning what the plan is for Cameron Layoffs?? Looking for a new job now, got some interviews lined up. Not gonna wait for the axe to fall.