Schlumberger (SLB) appointed a former BG Group CEO to its board just months after Royal Dutch Shell (RDSA) bought BG.
Helge Lund was appointed to Schlumberger's board, according to reports from the Wall Street Journal. Lund previously lead BG Group and Norway's Statoil (STO).
With oil prices settling lower, Schlumberger shares closed down 1%in the stock market today. Royal Dutch Shell shares fell 1.2%. Statoil lost 1.5%.
Shell finalized its $50 billion purchase of BG on Feb. 15 and announced cost-saving measures including cutting 12,500 jobs and slashing its capital spending.
Schlumberger has eliminated 36,000 jobs since the start of the oil-price downturn in 2014 as business from oil majors like Shell have dried up.
