Schlumberger acquires Novatek

Offshore staff

Schlumberger has acquired Novatek Inc. and Novatek IP, LLC.

The acquisition follows several years of cooperation that have resulted in Schlumberger’s StingBlade conical diamond element bit and that has served to develop ideas being incorporated into Schlumberger’s drilling technology.

“Novatek’s synthetic diamond manufacturing technology is already a key component of our drill bit offering,” said Khaled Al Mogharbel, president, Schlumberger Drilling Group. “With the addition of Novatek, we will enhance our research, engineering, and manufacturing capabilities and continue to work with our customers to accelerate field adoption of these innovative drilling technologies.”


Share your news with Offshore at

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...