SLB – Oil & Gas 360

SLB launches autonomous geosteering to improve drilling performance, well placement

December 9, 2024

(World Oil) – SLB has announced the launch of Neuro™ autonomous geosteering, a tool designed to dynamically responds to subsurface complexities to drill more efficient, higher-performing wells, while reducing the carbon footprint of the drilling operations. Using AI, Neuro geosteering integrates and interprets complex real-time subsurface information to autonomously guide the drill bit through the most productive layer of the

Saudi Aramco advances plan to build large-capacity CCS facility

December 4, 2024

(World Oil) – Saudi Aramco is moving closer to building a giant carbon capture and storage project at its main refining and chemicals hub at Jubail, on the kingdom’s Gulf coast. The oil producer signed a shareholders’ agreement with partners Linde Plc and SLB to develop the facility, which aims to capture and store 9 million tons of carbon dioxide

SLB OneSubsea awarded subsea boosting contract for bp’s Kaskida project in Gulf of Mexico

October 30, 2024

(World Oil) – SLB today announced the award of a contract by bp to its OneSubsea joint venture for a subsea boosting system in the greenfield development of the Kaskida project in the deepwater U.S. Gulf of Mexico. This award marks the latest milestone in the long-standing relationship between SLB OneSubsea and bp and is the first engineering, procurement and

ADNOC, SLB, Patterson-UTI partner to accelerate UAE’s unconventional oil and gas program under Turnwell Industries name

September 30, 2024

(World Oil) – SLB announced an agreement to create Turnwell Industries LLC OPC (Turnwell), a joint venture (JV) with ADNOC Drilling Company, SLB and Patterson-UTI. The JV will allow the three companies to leverage leading innovations in AI, smart drilling design, completions engineering and production solutions. The JV will focus on the acceleration of UAE’s unconventional oil and gas program,

SLB expands collaboration with NVIDIA to develop AI-powered solutions for energy industry

September 23, 2024

World Oil (WO) — Global energy technology company SLB is building on its long-standing collaboration with NVIDIA to develop generative AI solutions for the energy industry. The collaboration accelerates the development and deployment of industry-specific generative AI foundation models across SLB’s global platforms, including its Delfi digital platform and Lumi data and AI platform, by leveraging NVIDIA NeMo, part of

Oilfield services firms SLB, Halliburton post profit gains on international demand

July 19, 2024

U.S. News HOUSTON – Top U.S. oilfield service firms SLB and Halliburton posted higher quarterly profits on Friday helped by strong global demand, but they warned of softer activity in North America for the second half of this year. Oilfield service providers have in recent quarters bet on growth overseas, particularly in the Middle East and Asia, as well as

SLB announces agreement to acquire ChampionX in an all-stock transaction

April 2, 2024

Oil and Gas 360 Acquisition strengthens SLB as a leader in production space, with world-class production chemicals and artificial lift technologies Combined portfolios will drive customer value through deep industry expertise and digital integration, as well as enhanced equipment life and production optimization ChampionX shareholders to receive 0.735 SLB shares for each share of ChampionX Annual pre-tax synergies to reach approximately $400 million within

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

Oilfield services giant SLB tops profit estimates amid overseas business strength

January 19, 2024

Investing Investing.com — Oilfield services giant SLB (NYSE:SLB) has reported fourth-quarter profit that topped analyst estimates and bumped up its dividend. Houston-based SLB posted a 21% jump in net income attributable to shareholders, excluding charges and credits, to $1.24 billion in the three months ended on Dec. 31. The total translated to diluted earnings per share of $0.86, above Bloomberg

SLB, Nabors collaborate on automated drilling solutions for oil and gas operators

January 11, 2024

World Oil (WO) —SLB and Nabors Industries announced a collaboration to scale the adoption of automated drilling solutions for oil and gas operators and drilling contractors. The agreement will enable customers to seamlessly integrate the companies’ drilling automation applications and rig operating systems to deliver improved well construction performance and efficiency. The new integration provides customers with access to a

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

Premium Content