Articles from SLB

SLB (NYSESLB) has announced an agreement between its OneSubsea™ joint venture and Vår Energi to deliver a sizeable subsea production systems (SPS) work scope. This award leverages the existing strategic subsea partnership agreement between the two companies for standardized subsea equipment, supporting multiple upcoming oil and gas developments on the Norwegian Continental Shelf (NCS).

SLB (NYSESLB) today announced that SLB Capturi, in collaboration with Aker Solutions, has been awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract from Hafslund Celsio AS to deliver a carbon capture solution at its waste-to-energy facility in Klemetsrud, Oslo. Hafslund Celsio is Norway’s largest district heating supplier and the owner and operator of Norway’s largest waste-to-energy plant. Hafslund Celsio’s carbon capture project is part of Longship, the Norwegian Government’s full value-chain carbon capture and storage (CCS) project.

Global energy technology company SLB (NYSESLB) announced today that SLB Capturi has completed commissioning and is handing over its modular carbon capture plant at Twence’s waste-to-energy facility in Hengelo, Netherlands.

SLB (NYSESLB) today announced results for the fourth-quarter and full-year 2024.

Global energy technology company SLB (NYSESLB) has been awarded a series of major drilling contracts by Shell to support capital-efficient energy development across its deep- and ultra-deepwater assets in the UK North Sea, Trinidad and Tobago, the Gulf of Mexico and others.

SLB (NYSESLB) will hold a conference call on January 17, 2025 to discuss the results for the fourth quarter and full year ending December 31, 2024.

Global energy technology company SLB (NYSESLB) today announced a contract award by Petrobras, following a competitive tender, to its OneSubsea™ joint venture for two subsea raw seawater injection (RWI) systems to increase recovery from the prolific Búzios field.

Global energy technology company SLB (NYSESLB) today announced that it has been awarded, after a competitive tender, a new contract by Petrobras NYSE: PBRNYSEPBR)

Global energy technology company SLB (NYSESLB) introduces Neuro™ autonomous geosteering, which dynamically responds to subsurface complexities to drill more efficient, higher-performing wells, while reducing the carbon footprint of the drilling operations.

SLB Capturi has reached a significant milestone of mechanical completion of the carbon capture plant at Heidelberg Materials’ cement facility in Brevik, Norway.

SLB (NYSESLB) 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.

SLB (NYSESLB) today announced results for the third quarter of 2024.

Global energy technology company SLB (NYSESLB) today announced that it has entered into a definitive agreement to sell its interests in the Palliser Block located in Alberta, Canada.

SLB (NYSESLB) will hold a conference call on October 18, 2024, to discuss the results for the third quarter ending September 30, 2024.

SLB (NYSESLB) today 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.

Global energy technology company SLB (NYSESLB) is building on its long-standing collaboration with NVIDIA to develop generative AI solutions for the energy industry.

Global energy technology company SLB (NYSESLB) today launched the Lumi™ data and AI platform, which integrates advanced artificial intelligence (AI) capabilities—including generative AI—with workflows across the energy value chain.

SLB today announced it has proven its solution for sustainable lithium production at scale at its demonstration plant in Clayton Valley, Nevada, to accelerate responsibly-sourced lithium products to market.

Global energy technology company SLB (NYSESLB) and global cybersecurity leader Palo Alto Networks NASDAQ: PANWNASDAQPANW)

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SLB (NYSESLB) has announced the signing of a new long-term strategic collaboration agreement between Equinor ASA and the Subsea Integration Alliance (which comprises OneSubsea™ and Subsea7). The agreement paves the way for exploratory work to begin on two projects: the Wisting field offshore Norway and Bay Du Nord, off Newfoundland and Labrador, Canada.

SLB (NYSESLB) today announced results for the first-quarter 2024.

SLB (NYSESLB) has been awarded three contracts by Petrobras NYSE: PBRNYSEPBR)

SLB (NYSESLB) and ChampionX Corporation NASDAQ: CHXNASDAQCHX)

SLB (NYSESLB) today announced an agreement to combine its carbon capture business with Aker Carbon Capture (ACC) to support accelerated industrial decarbonization at scale.

SLB (NYSESLB) will hold a conference call on April 19, 2024 to discuss the results for the first quarter ending March 31, 2024.

SLB (NYSESLB) today announced that it is reaffirming its full-year 2024 financial guidance.

SLB (NYSESLB) today announced a significant step toward fully autonomous drilling operations at Equinor's Brazilian Peregrino C platform. SLB digital technologies for surface automation, autonomous on-bottom drilling, and directional drilling were combined to enable 99% of a 2.6-kilometer section to be drilled in autonomous control mode. Over a five-well program, a 60% increase in rate of penetration was achieved, resulting in faster well delivery while reducing cost and carbon emissions.

SLB (NYSESLB) today announced results for the fourth-quarter and full-year 2023.

SLB (NYSESLB) and Nabors Industries (NYSE: NBR, “Nabors”) today 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.

SLB (NYSESLB) today announced an investment and technology partnership agreement with Geminus AI that will give SLB exclusive access to deploy the first physics-informed artificial intelligence (AI) model builder for oil and gas operations. The Geminus model builder fuses physics-based approaches with process data to produce highly accurate AI models that can be deployed at scale, far faster and at much less cost than traditional AI approaches.

SLB (NYSESLB) will hold a conference call on January 19, 2024 to discuss the results for the fourth quarter and full year ending December 31, 2023.

SLB (NYSESLB) and Northern Lights Joint Venture (NL) announced today they have signed a memorandum of understanding (MoU) with Microsoft to optimize integrated cloud-based workflows for the operation of Northern Lights, one of the first CO2 transport and storage providers for cross-border carbon capture and storage (CCS). The collaboration will contribute to the development of scalable and cost-efficient digital solutions for the emerging CCS industry.

SLB (NYSESLB) announced today that its End-to-end Emissions Solutions business (SEES) has been selected by integrated energy company Eni NYSE: ENYSEE)

SLB (NYSESLB) today announced results for the third-quarter 2023.

SLB (NYSESLB), Amazon Web Services (AWS) and Shell Global Solutions Nederland BV (Shell) have signed a multi-year three-way collaboration agreement to deliver digital end-to-end workflows for Shell, using SLB subsurface solutions on AWS cloud infrastructure. The collaboration is intended to deliver high performance and cost efficient subsurface digital solutions, to be used by Shell and made available to the industry. The digital workflows will use the OSDU® Data Platform standards to improve the positive customer experience by business users—increasing efficiency and collaboration, while producing better insights to Shell and the energy industry. This collaboration builds on the existing strategic collaboration agreement between SLB and AWS and accelerates the availability of SLB’s industry leading software including Petrel™ subsurface solutions and Techlog™ wellbore solutions, on AWS.

SLB’s End-to-end Emissions Solutions (SEES) business today introduced its next generation methane point instrument, a self-installed continuous methane monitoring system that uses IoT-enabled sensors to quickly and cost effectively detect, locate and quantify emissions across oil and gas operations. Effective monitoring is essential to reduce emissions of methane, a greenhouse gas (GHG) which has a climate change impact up to 84 times greater than carbon dioxide over a 20-year timescale and represents about half of the oil and gas sector’s operational emissions.

SLB (NYSESLB) today launched its carbon storage screening and ranking solution that increases confidence in site selection decisions based on scientific analysis of the long-term integrity and economic potential of an asset.

SLB (NYSESLB), Aker Solutions and Subsea7 announced today the final closing of their previously announced joint venture. The new business, which will adopt the OneSubsea name, will drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time.

SLB (NYSESLB) will hold a conference call on October 20, 2023 to discuss the results for the third quarter ending September 30, 2023.

SLB (NYSESLB) today announced results for the second-quarter 2023.

SLB (NYSESLB) has been awarded a five-year contract by Petrobras for an enterprise-wide deployment of its Delfi™ digital platform. The contract scope covers Petrobras’ digital transformation from exploration, development, and production operations, including moving subsurface workflows to the cloud to significantly accelerate decision making. The award represents one of Petrobras’ largest investments in cloud-based technologies and sets the foundation for it to achieve its decarbonization and net zero targets.

SLB (NYSESLB) will hold a conference call on July 21, 2023 to discuss the results for the second quarter ending June 30, 2023.

SLB (NYSESLB) today announced results for the first-quarter 2023.

SLB (NYSESLB) will hold a conference call on April 21, 2023 to discuss the results for the first quarter ending March 31, 2023.

SLB (NYSESLB) today introduced the EcoShield™ geopolymer cement-free system that minimizes the CO2 footprint of a well’s construction. This innovative technology eliminates up to 85 percent of embodied CO2 emissions compared with conventional well cementing systems, which include portland cement. The EcoShield system has the potential to avoid up to 5 million metric tons of CO2 emissions annually—the equivalent of removing 1.1 million cars from the road each year.

SLB (NYSESLB) today announced it has completed the acquisition of Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology. The transaction will incorporate Gyrodata’s wellbore placement and surveying technologies within SLB’s Well Construction business, bringing customers innovative drilling solutions.

SLB (NYSESLB) today announced results for the fourth-quarter and full-year 2022.

SLB (NYSESLB) will hold a conference call on January 20, 2023 to discuss the results for the fourth quarter and full year ending December 31, 2022.

SLB (NYSESLB) today announced the consideration payable in connection with the previously announced offer (the “Offer”) by Schlumberger Holdings Corporation, an indirect wholly-owned subsidiary of SLB (“SHC”), to purchase for cash up to a certain amount of the notes listed in the table below (the “Notes”), pursuant to the terms and subject to the conditions set forth in the offer to purchase, dated November 21, 2022 (as may be amended or supplemented from time to time, the “Offer to Purchase”). Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.

SLB (NYSESLB) today announced the early results of the previously announced offer by Schlumberger Holdings Corporation, an indirect wholly-owned subsidiary of SLB (“SHC”), to purchase for cash up to an aggregate purchase price amount, including premium but excluding any Accrued Interest (as defined below), of $500,000,000 (such amount, as it may be amended, the “Maximum Purchase Price”) of the notes listed in the table below (the “Notes”). The offer to purchase the Notes is referred to herein as the “Offer.” Additionally, SLB announced the increase of the Maximum Purchase Price from $500,000,000 to up to $800,000,000, and no Notes with Acceptance Priority Levels 3 and 4 will be accepted for purchase. All other terms of the previously announced Offer remain unchanged.

SLB announced today an award to its OneSubsea® business and Subsea Integration Alliance of a large contract by bp for its Cypre gas project offshore Trinidad and Tobago. The contract scope covers the engineering, procurement, construction, and installation (EPCI) of the subsea production systems and subsea pipelines. The award represents Subsea Integration Alliance’s first fully integrated EPCI single contract with bp and the alliance’s first development in the Caribbean nation.

SLB (NYSESLB) today announced that Schlumberger Holdings Corporation, an indirect wholly-owned subsidiary of SLB (“SHC”), has commenced an offer to purchase for cash up to an aggregate purchase price amount, including premium but excluding any Accrued Interest (as defined below), of $500,000,000 (such amount, as it may be amended, the “Maximum Purchase Price”) of the notes listed in the table below (the “Notes”). The offer to purchase the Notes is referred to herein as the “Offer.” The Offer is made upon the terms and subject to the conditions set forth in the offer to purchase, dated November 21, 2022 (as may be amended or supplemented from time to time, the “Offer to Purchase”). Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.

SLB (NYSESLB) is collaborating with Oman’s Ministry of Energy and Minerals and the Oman Investment Authority in building a national strategy to develop the potential of Oman’s geothermal resources.

SLB (NYSESLB) today announced that it is hosting its 2022 Investors Conference on Thursday, November 3, 2022 in New York.

SLB (NYSESLB) and Linde (NYSE: LIN; FWB: LIN) announced today that they have entered into a strategic collaboration on carbon capture, utilization and sequestration (CCUS) projects to accelerate decarbonization solutions across industrial and energy sectors. The collaboration will combine decades of experience in carbon dioxide (CO2) capture and sequestration; innovative technology portfolios; project development and execution expertise; and engineering, procurement, and construction (EPC) capabilities.

SLB (NYSESLB) today announced it has entered into an agreement to acquire Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology. The transaction will integrate Gyrodata’s wellbore placement and surveying technologies within SLB’s Well Construction business, bringing customers innovative drilling solutions.

Schlumberger (NYSESLB) 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 under the new SLB brand, which introduces a refreshed visual identity, including a new logo for the company—a symbol of where it is today and where it is heading.