(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
(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,
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
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
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
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
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
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
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
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
Oil Price The biggest oilfield services firm in the world, SLB (NYSE: SLB), reported on Friday higher-than-expected earnings for the second quarter thanks to higher offshore drilling activity and a rebound in the international markets. SLB’s earnings per share for the second quarter rose by 11% sequentially and by 7% year on year, to $0.72, beating the analyst consensus
Investing SLB, the world’s largest oilfield services firm, beat Wall Street estimates for fourth-quarter profit on Friday, driven by strong demand for drilling services and equipment as oil and gas prices remained elevated amid tight supplies. SLB, formerly called Schlumberger (NYSE:SLB), has benefited from increased oil drilling and production in North America and elsewhere. Revenue from North America rose 27%
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