Schlumberger – Oil & Gas 360

Oilfield services giant SLB reports strong Q3 results

October 18, 2024

(Oil Price) – The world’s biggest oilfield services provider, SLB (NYSE: SLB), expects to exceed its commitment of returns to shareholders this year as its third-quarter profit beat estimates and cash flow generation remained strong despite softened short-cycle activity. SLB reported on Friday earnings per share (EPS), excluding charges and credits, of $0.89 for the third quarter, up by 5% sequentially and 14%

SLB announces agreement to acquire majority ownership in Aker Carbon Capture

March 28, 2024

Oil and Gas 360 SLB and Aker Carbon Capture will combine technology portfolios, expertise and operations platforms to bring carbon capture solutions to market more quickly and more economically HOUSTON–(BUSINESS WIRE)–Mar. 27, 2024– Regulatory News: SLB (NYSE: SLB) today announced an agreement to combine its carbon capture business with Aker Carbon Capture (ACC) to support accelerated industrial decarbonization at scale. Bringing

World’s top oilfield services provider not leaving Russia

March 25, 2024

Oil Price SLB, the biggest oilfield services firm in the world, is not planning to abandon its business in Russia, chief executive Olivier Le Peuch told the Financial Times in an interview published on Monday. Pressure has mounted on companies, especially in the oil and gas industry, to withdraw from Russia after the invasion of Ukraine in February 2022. Many energy majors

International drilling rebound helps SLB beat earnings estimates

October 20, 2023

Oil Price Oilfield services giant SLB (NYSE: SLB) reported on Friday higher-than-expected earnings for the third quarter as global drilling demand further strengthened amid what the world’s biggest oilfield services provider described as an ongoing “multiyear growth cycle”. SLB posted a net income of $1.12 billion for the third quarter, up by 9% sequentially and up by 24% year-on-year. Earnings per

Schlumberger becomes SLB, a technology company driving the future of energy

October 24, 2022

World Oil HOUSTON — Schlumberger today announced its new name—SLB—underscoring the company’s vision for a decarbonized energy future and affirming its transformation from the world’s largest oilfield services company to a global technology company focused on driving energy innovation for a balanced planet. Beginning today, the legacy Schlumberger brand and nearly all of its affiliated brands will become one

Schlumberger beats earnings estimates as Q2 revenues grow by 10%

October 21, 2022

Oil Price The world’s largest oilfield services provider Schlumberger (NYSE: SLB), reported on Friday third-quarter earnings beating analyst estimates, thanks to accelerating international drilling activity on top of already robust activity in North America. Schlumberger reported earnings per share (EPS), excluding charges and credits, of $0.63 for the third quarter, up by 26% sequentially and 75% year on year. The earnings

Schlumberger partners with Gradiant to sustainably produce battery-grade lithium compounds

October 5, 2022

World Oil Schlumberger announced it has entered into a partnership with Gradiant, a global water solutions provider, to introduce a key sustainable technology into the production process for battery-grade lithium compounds. As part of Schlumberger’s NeoLith Energy direct lithium extraction (DLE) and production flowsheet, Gradiant technology is used to concentrate the lithium solution and generate fresh water—a critical element in

Kosmos Energy awards Schlumberger integrated subsea boosting system contract

July 26, 2022

World Oil HOUSTON — Schlumberger announced an award to OneSubsea® and its alliance partner, Subsea 7, by Kosmos Energy Gulf of Mexico Operations, LLC, for an engineering, procurement, construction and installation (EPCI) contract for the Odd Job field in the Gulf of Mexico. Through the EPCI contract, OneSubsea, the subsea technologies, production, and processing systems business of Schlumberger, will supply a subsea

Schlumberger reports higher profit as drilling activity increases, hikes dividend

April 22, 2022

Reuters Top oilfield services firm Schlumberger (NYSE:SLB) reported a higher first-quarter profit on Friday and increased its dividend by 40%, as rising oil prices boosted demand for services and equipment. Oil prices climbed to their highest in more than a decade during the quarter as Russia’s invasion of Ukraine upended global supply dynamics. Oilfield service firms, including Halliburton (NYSE:HAL) Co

Schlumberger suspends new investment and technology deployment in Russian operations

March 22, 2022

World Oil Schlumberger provided the following update with regard to its operations in Russia: “We have watched with immense concern as the conflict in Ukraine has escalated,” said Chief Executive Officer Olivier Le Peuch. “First and foremost, we are deeply focused on the health, safety and security of our employees, colleagues and their families in Ukraine, Russia and throughout the region.

Schlumberger launches business to eliminate industry’s methane and routine flare emissions

March 9, 2022

World Oil Schlumberger announced the launch of Schlumberger End-to-end Emissions Solutions (SEES). The business offers a comprehensive set of services and cutting-edge technologies designed to give operators a robust and scalable solution for measuring, monitoring, reporting and, ultimately, eliminating methane and routine flare emissions from their operations. SEES launches at a critical time in the industry—today we witnessed leadership from

Schlumberger announces deployment of reservoir engineering digital solutions

March 7, 2022

World Oil Schlumberger announced an enterprise-wide deployment of the cloud-based DELFI* cognitive E&P environment for ConocoPhillips. ConocoPhillips will use Schlumberger digital solutions enabled by the DELFI environment to bring its reservoir engineering modeling, data and workflows to the cloud. “This digital platform will drive workflow and data efficiency, enabling ConocoPhillips to meet their diverse reservoir engineering modeling needs worldwide,” said

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