SLB and Palo Alto Networks Expand Collaboration to Strengthen Cybersecurity for the Energy Sector
SLB (NYSE: SLB) and Palo Alto Networks (NASDAQ: PANW) are expanding their collaboration to strengthen cybersecurity for the energy sector. This partnership combines SLB's cloud and edge technologies with Palo Alto Networks' cybersecurity solutions to address evolving threats in the industry's digital transformation.
Key points:
- SLB will adopt Palo Alto Networks' AI-powered cybersecurity platforms, including Prisma SASE, Prisma Cloud, and Cortex XSIAM
- The collaboration aims to enhance security across SLB's network, cloud, and edge platforms
- Both companies will develop solutions for edge products and services, important for automated and autonomous operations
- The partnership supports SLB's role as a digital partner for its customers in the energy sector
- Expansion of cybersecurity collaboration between SLB and Palo Alto Networks
- Adoption of advanced AI-powered cybersecurity platforms by SLB
- Enhanced security across SLB's network, cloud, and edge platforms
- Development of new solutions for edge products and services
- Strengthening of SLB's position as a digital partner in the energy sector
- None.
Insights
The expanded collaboration between SLB and Palo Alto Networks signifies a strategic shift in the energy sector's approach to cybersecurity. By integrating Palo Alto's AI-powered platforms into SLB's technology stack, the partnership addresses the growing complexity of cyber threats in an increasingly digitalized industry.
This move is particularly noteworthy as it combines domain-specific expertise with cutting-edge cybersecurity solutions. The adoption of Prisma SASE, Prisma Cloud and Cortex XSIAM platforms will likely enhance SLB's security posture across its network, cloud and edge platforms. This comprehensive approach is important for protecting sensitive data and operations in the energy sector.
The focus on edge products and services is forward-thinking, anticipating the industry's move towards automated and autonomous operations. This proactive stance could position SLB as a leader in secure digital transformation for the energy sector, potentially opening new revenue streams and competitive advantages.
The collaboration between SLB and Palo Alto Networks represents a significant advancement in cybersecurity for the energy sector. The integration of Palo Alto's AI-powered platforms into SLB's infrastructure addresses the unique challenges faced by energy companies in securing their digital assets and operational technology.
Particularly noteworthy is the adoption of Prisma SASE, which will enhance secure access and connectivity for SLB's distributed workforce and assets. The implementation of Prisma Cloud is important for securing multi-cloud environments, a growing trend in the energy sector. The Cortex XSIAM platform will provide advanced threat detection and response capabilities, critical for protecting against sophisticated cyber attacks targeting critical infrastructure.
This partnership sets a new benchmark for cybersecurity in the energy industry, potentially influencing industry standards and regulatory frameworks. It also highlights the importance of cross-industry collaborations in addressing complex cybersecurity challenges.
This expanded collaboration between SLB and Palo Alto Networks marks a significant milestone in the energy sector's digital transformation journey. It addresses the critical need for robust cybersecurity measures as the industry increasingly relies on digital solutions and AI.
The partnership is likely to accelerate the adoption of advanced digital technologies in the energy sector by providing a more secure foundation for innovation. This could lead to improved operational efficiencies, reduced downtime and enhanced decision-making across the industry.
For SLB, this collaboration strengthens its position as a digital partner of choice for energy companies. It could potentially expand SLB's service offerings to include advanced cybersecurity solutions tailored for the energy sector. This move aligns with the industry's shift towards integrated digital platforms and could provide SLB with a competitive edge in the evolving energy technology market.
Investors should note the potential for long-term growth opportunities as this partnership may lead to new revenue streams from cybersecurity-enhanced products and services.
Digital transformation in the energy industry continues to drive comprehensive cybersecurity solutions in the face of growing cyber threats
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 cybersecurity solutions. This will not only help SLB remain on the forefront with its own security infrastructure, but also help drive future enhanced solutions to address evolving cyber threats as the industry's adoption of digital solutions and artificial intelligence accelerates.
"The maturation of our industry's digital transformation makes cybersecurity paramount to our operations, and the digital solutions we offer to our customers," said Olivier Le Peuch, chief executive officer, SLB. "Through this collaboration, we will continue to enhance and strengthen our role as our customers' digital partner of choice."
As part of the collaboration, SLB will adopt Palo Alto Networks Precision AI™-powered cybersecurity platforms, including Prisma® SASE, Prisma Cloud, and Cortex XSIAM® in its technology stack. These platforms will enable SLB to achieve comprehensive security across its network, cloud and edge platforms, enabling thousands of domain and AI users on SLB's Delfi™ digital platform to collaborate in a safe and secure environment. The two companies also will develop and implement solutions for edge products and services, which will be critical as more energy customers move toward automated and autonomous operations.
"Through platformization, organizations can simplify their management processes, reduce their total cost of ownership (TCO), and enhance their security outcomes," said Nikesh Arora, chairman and chief executive officer, Palo Alto Networks. "Palo Alto Networks commends SLB for their forward-looking approach in shaping the future of the energy industry through secure and innovative solutions. Their vision for modern IT transformation through platformization, aligns with our own commitment to safeguarding critical infrastructure and driving technological advancement. Together, we can build a resilient and secure energy ecosystem that meets the challenges of tomorrow."
About Palo Alto Networks
Palo Alto Networks is the global cybersecurity leader, committed to making each day safer than the one before with industry-leading, AI-powered solutions in network security, cloud security and security operations. Powered by Precision AI, our technologies deliver precise threat detection and swift response, minimizing false positives and enhancing security effectiveness. Our platformization approach integrates diverse security solutions into a unified, scalable platform, streamlining management and providing operational efficiencies with comprehensive protection. From defending network perimeters to safeguarding cloud environments and ensuring rapid incident response, Palo Alto Networks empowers businesses to achieve Zero Trust security and confidently embrace digital transformation in an ever-evolving threat landscape. This unwavering commitment to security and innovation makes us the cybersecurity partner of choice.
At Palo Alto Networks, we're committed to bringing together the very best people in service of our mission, so we're also proud to be the cybersecurity workplace of choice, recognized among Newsweek's Most Loved Workplaces (2021-2024), with a score of 100 on the Disability Equality Index (2024, 2023, 2022), and HRC Best Places for LGBTQ+ Equality (2022). For more information, visit www.paloaltonetworks.com.
About SLB
SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
Media Contacts:
Nicole Hockin – VP Global Communications
Palo Alto Networks
nhockin@paloaltonetworks.com
Moira Duff – Director of External Communications
SLB
Tel: +1 (713) 375-3407
media@slb.com
Investors
Ryan Fenwick
Sr. Manager – Investor Relations
Palo Alto Networks
ir@paloaltonetworks.com
James R. McDonald – SVP of Investor Relations & Industry Affairs
Joy V. Domingo – Director of Investor Relations
SLB
Tel: +1 (713) 375-3535
investor-relations@slb.com
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SOURCE Palo Alto Networks, Inc.
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