Parvin Faghfouri Azar

World’s Top Oilfield Service Provider Raises Earnings Outlook

Schlumberger reported on Friday higher-than-expected profit for the second quarter as drilling activity rebounded in all markets, prompting the world’s largest oilfield service provider to raise its 2022 revenue and earnings outlook as “the multiyear upcycle continues to gain momentum.” Schlumberger booked earnings per share (EPS), excluding charges and credits, …

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Iran-Russia $40b Oil Contract is a Win-Win Deal

The CEO of Iran’s Petroleum Engineering and Development Company (PEDEC) said that the memorandum of understanding on investment signed between Iran and Russia was an example of a win-win deal. The implementation of the MoU could pave the way for positive developments in Iran’s oil and gas industry, Abouzar Sharifi …

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