Schlumberger appoints new brass to lead clean energy push: press
Oilfield services company Schlumberger has appointed new executives to help lead its energy transition, Reuters reported April 26, citing an internal memo.
Sebastian Pages, who was formally in the company’s well construction group, was appointed as the finance director at the company’s New Energy division, according to the Reuters report.
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Kahina Abdeli-Galinier, a former marketing director, was appointed as the emissions business director to "build and manage a new business to methane emissions for oil and gas operations of our customers," according to the memo.
Separately, Samuel Leupold, the former head of wind energy developments at Danish renewable energy company Orsted, was appointed to Schlumberger’s board of directors, giving him a role in the New Energy unit.
Already at the head of the New Energy division is Schlumberger’s former technology boss, Ashok Belani, who is moving the unit toward developments in carbon capture and storage technology, hydrogen and other clean-energy alternatives.
Based in Houston, Pages will report to Belani and CFO Stephane Biguet. Working from London, Abdeli-Galinier will answer to Schlumberger’s chief technology officer Demosthenis Pafitis.
Schlumberger had no public comment on the Reuters report.
Schlumberger reported total revenue in Q1 2021 of $5.2bn, a 6% decline quarter on quarter and a 30% drop year on year. Its international operations accounted for 81% of its total revenue during the three-month period. Net income before taxes was $386mn in the first quarter, an 18% decline from Q4, but a stark improvement from the $8bn loss in Q1 2020.