Panalpina won a new contract with its customer Schlumberger Oilfield Services expanding and extending its commitment to provide logistics and distribution services in Europe, Africa and the Caspian region. Schlumberger is the leading service provider to the worldwide oil and gas industry.

Panalpina will manage and operate a new oil and gas hub for Schlumberger.

"We are excited about the new Supply Chain Management business," said Frank Bichowski, Schlumberger global key account manager at Panalpina.