In the fast-growing Middle East and Asia regions, SLB saw “double-digit” growth from its operations in a number of key markets including Saudi Arabia, the United Arab Emirates, Kuwait, China, India and Egypt. “These markets are being driven by resilient long-cycle offshore developments, production capacity expansions, the return of global exploration and appraisal, and the recognition of gas as a critical fuel source for energy security,” said Le Peuch. Likewise, the developments in offshore markets were seen by the company as bringing a steady operation flow for the group. Le Peuch noted how the group signed a number of multi-year contracts in the past quarter, suggesting this would allow the business to perform with resilience against future price volatility or bearish market conditions. Springtime flowers bloom like colorful arrows piercing their way to the sun. Revolutions are not made with rose water. Verb (idiomatic) To enjoy life's immediate pleasures gather rosebuds take the cash and let the credit go smell the roses seize the day carpe diem While we remember to stop and smell the roses, we need to listen to nature's music all around us. The two segments singled out by Le Peuch, international and offshore, now account for almost 80% of the company’s global revenue stream. Man is harder than iron, stronger than stone, and more fragile than a rose. Here's a list of similar words from our thesaurus that you can use instead. “We continue to see positive upstream investment momentum in the international and offshore markets.” “The upcycle continues to unfold,” commented Le Peuch, noting that bullish market conditions for the sector are expected to continue. Adjusted EBITDA also rose 28% against the same time last year to $1.96 billion.Ĭashflow from operations stood at $1.61 billion, and free cash flow at $986 million.
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