Tag: SLB

SLB, Liberty Energy to form alliance for data center infrastructure, power

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HOUSTON, TEXAS and DENVER, COLORADO (By SLB, 14.Jul.2026, Words: 490) — SLB announced an agreement with Liberty Energy Inc. to form a strategic alliance that will deliver modular infrastructure and integrated power generation solutions for new data center projects globally. “The bottleneck in AI infrastructure is no longer just compute. […]

SLB reports 2Q:25 results, LatAm revenue of $1.49bn [pdf downloads]

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PARIS, FRANCE (SLB, 18.Jul.2025, Words: 1,004) — “SLB reported solid second-quarter results, leveraging our diversified portfolio and broad market exposure to deliver steady revenue and slightly higher adjusted EBITDA and margins sequentially. This demonstrates our resilience amidst softer upstream spending and macroeconomic uncertainty,” said SLB Chief Executive Officer Olivier Le Peuch. […]

SLB completes acquisition of ChampionX, eyes $4bn in synergies

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HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 16.Jul.2025, Words: 341) — SLB closed its previously announced acquisition of ChampionX Corporation.  Per the terms of the agreement, ChampionX shareholders received 0.735 shares of SLB common stock in exchange for each ChampionX share. With the closing of the transaction, former ChampionX […]

SLB OneSubsea secures EPC contract for Northern Lights CO2 project expansion

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HOUSTON, TEXAS (By Ian Silvestre, Energy Analytics Institute, 25.Jun.2025, Words: 275) — SLB has awarded an engineering, procurement and construction (EPC) contract by Equinor to its OneSubsea™ joint venture for a CO2 subsea injection system for the Northern Lights phase 2 project offshore Norway. The final investment decision (FID) for phase […]

SLB announces digital collaboration with Cactus Drilling

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HOUSTON, TEXAS (By Ian Silvestre, Energy Analytics Institute, 23.Jun.2025, Words: 167) — SLB entered into a strategic collaboration agreement with Cactus Drilling, the largest privately held land drilling contractor in the US, to expand the adoption of automated and autonomous drilling solutions.  The collaboration aims to deliver optimized performance through […]

SLB reports lower 1Q:25 revenues, eyes returning 50% of FCF to shareholders

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HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 25.Apr.2025) — SLB reported revenue of $8.49bn in the first-quarter 2025 (1Q:25) and net income attributable to the company of $797mn. Year-over-year, the results were down 3% and 25%, respectively. “First-quarter adjusted EBITDA margin was slightly up year on year despite softer revenue as we continued […]

DEEP and SLB to Develop Canada’s First Next-Generation Geothermal Project

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HOUSTON, TEXAS (Editors at Energy Analytics Institute, 29.Jan.2025) — DEEP Earth Energy Production Corp. revealed a strategic collaboration with SLB aimed at development of Canada’s first next-generation geothermal project, located in southeast Saskatchewan.  With the feasibility phase now complete, the project is set to produce up to 30 MW of […]

SLB Inks Deal with Petrobras for BĂşzios Field

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(Energy Analytics Institute, 12.Dec.2024) — SLB revealed a contract award by Rio de Janeiro-owned Petrobras to its OneSubsea™ joint venture for two subsea raw seawater injection (RWI) systems to increase recovery from the prolific BĂşzios field. The award follows a competitive tender, SLB said 12 Dec. 2024 in an official […]

SLB Launches Lumi Platform

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(SLB, 17.Sep.2024) — SLB launched the Lumi™ data and AI platform, which integrates advanced artificial intelligence (AI) capabilities—including generative AI—with workflows across the energy value chain. The open, secure and modular platform unlocks access to high-quality data across subsurface, surface, planning and operations, increasing cross-domain collaboration and releasing new intelligence […]

ILiAD DLE Tech Operating at Scale at SLB Project

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(SLB, 11.Sep.2024) — ILiAD Technologies, LLC celebrates the use of its direct lithium extraction (DLE) technology at scale at SLB‘s Clayton Valley Demonstration Plant, producing high-purity, battery-grade lithium. This comes as SLB announced the successful completion of its integrated technology solution at its demonstration plant in Clayton Valley, Nevada. ILiAD’s technology was […]

SLB and Palo Alto Networks to Strengthen Cybersecurity

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(SLB, 19.Aug.2024) — Global energy technology company SLB and global cybersecurity company Palo Alto Networks announced they are expanding their collaboration to strengthen cybersecurity for the energy sector. The companies will combine SLB’s cloud and edge technologies and domain expertise in the energy industry with Palo Alto Networks’ cross-industry, platform-based […]

SLB OneSubsea Awarded Contract for TotalEnergies’ Kaminho Project

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(SLB, 3.Jul.2024) — SLB has announced the award of a contract by TotalEnergies to its OneSubsea™ joint venture for a 13-well Subsea Production System scope, including associated equipment and services, in the development of the Kaminho project, offshore Angola. The project will be developed by TotalEnergies and its Block 20/11 […]

SLB and TotalEnergies Announce 10-year Partnership

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(SLB, 2.Jul.2024) — SLB and TotalEnergies announced a 10-year partnership to co-develop scalable digital solutions for enabling access to energy resources, with improved performance and efficiency. The partnership establishes a flexible framework for the companies to work together on addressing key challenges across the energy value chain, including carbon capture, […]

SLB updates on planned ChampionX acquisition

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HOUSTON, TEXAS (By Ian Silverman, Energy Analytics Institiute, 2.Jul.2024, Words: 108) — SLB and ChampionX have each received a request for additional information, a second request, from the U.S. Department of Justice (DoJ) in connection with the agency’s review of SLB’s earlier announced plans to acquired ChampionX. SLB expects the […]

SLB to Buy ChampionX in an All-Stock Deal

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(SLB, 2.Apr.2024) — SLB (NYSE: SLB) and ChampionX Corporation (NASDAQ: CHX) today announced a definitive agreement for SLB to purchase ChampionX in an all-stock transaction. The agreement was unanimously approved by the ChampionX board of directors. Highlights: Acquisition strengthens SLB as a leader in production space, with world-class production chemicals […]

SLB and Equinor Drill Most Autonomous Well Section To-Date

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(SLB, 30.Jan.2024) — SLB (NYSE: SLB) 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 […]

SLB Reaffirms 2024 Financial Guidance

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(SLB, 30.Jan.2024) — SLB (NYSE: SLB) is reaffirming its full-year 2024 financial guidance. “We acknowledge the decision by Saudi Aramco to maintain its Maximum Sustainable Capacity (MSC) at 12 million barrels per day (MMBD), and not to continue increasing MSC to 13 MMBD,” said SLB Chief Executive Officer Olivier Le […]

SLB Joins LOT Network to Safeguard Innovation from Patent Litigation

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(SLB, 24.Jan.2024) — SLB has joined other technology leaders such as Tesla, Microsoft, and Cisco to become part of the world’s largest patent licensing platform, the License on Transfer (LOT) Network. LOT is an international, non-profit community of more than 3,300 leading global companies across all sectors that are committed […]

SLB and Nabors to Scale Automation Solutions

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(Nabors, 12.Jan.2024) — SLB (NYSE: SLB) and Nabors Industries (NYSE: NBR) 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 […]

SLB Reports Strong 3Q:23 Results [PDF Downloads]

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(SLB, 20.Oct.2023) — SLB (NYSE: SLB) announced results for the third-quarter 2023 and SLB CEO Olivier Le Peuch commented: “Our third-quarter results continue to reflect strong year-to-date performance with revenue and adjusted EBITDA growth of 19% and 28%, respectively. These results, which reinforce our full-year financial ambitions, were driven by sustained growth […]

bp Inks MOU with Subsea Integration Alliance

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(bp, 25.Sep.2023) — bp has signed a Memorandum of Understanding (MoU) with Subsea Integration Alliance aimed at developing a framework to enhance subsea project performance. The agreement with the Alliance, which comprises Subsea7 and OneSubsea™, an SLB company, will combine the three companies’ skills, knowledge and experience across a global […]

Authorities Approve JV between Aker Solutions, SLB and Subsea7

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(Aker, 4.Aug.2023) — Reference is made to the stock exchange release 30 August 2022 regarding the agreements to form a subsea joint venture with SLB and Subsea 7. Closing is subject to regulatory approvals.  Following clearance as of today by antitrust authorities in Brazil, all regulatory approvals/clearances required to close the transactions have […]

SLB Awarded Contract for Petrobras’ Digital Transformation

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(SLB, 6.Jul.2023) — SLB (NYSE: SLB) 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 […]

SLB on Award for bp’s Cypre Project

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(SLB, 22.Nov.2022) — 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 […]

Schlumberger Becomes SLB, a Technology Company

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(Schlumberger, 24.Oct.2022) — Schlumberger (NYSE: SLB) 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 […]