Welcome to our dedicated page for Schlumberger news (Ticker: SLB), a resource for investors and traders seeking the latest updates and insights on Schlumberger stock.
Schlumberger Limited (SLB) is a global leader in providing technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Operating in more than 85 countries and employing a diverse workforce of over 140 nationalities, Schlumberger offers a comprehensive range of products and services. These extend from exploration through to production, including integrated pore-to-pipeline solutions that enhance hydrocarbon recovery and optimize reservoir performance.
SLB is the largest oilfield service company in the world, renowned for its expertise in various disciplines such as reservoir performance, well construction, and production enhancement. In recent years, SLB has also ventured into digital solutions, maintaining its status as a leading innovator in the industry. This continuous innovation has helped the company secure a dominant share in numerous end markets.
Among its recent achievements, Schlumberger has made significant advancements in digital technology and sustainability efforts. Their cutting-edge digital platforms aim to transform the way oil and gas operations are conducted, enhancing efficiency and reducing environmental impact.
Financially, SLB has demonstrated resilience and growth, marked by robust quarterly earnings and strategic partnerships. The company remains committed to driving progress in the oil and gas industry, making it an attractive option for investors looking for stability and innovation.
Stay updated on the latest developments, financial performance, and projects of Schlumberger Limited by visiting their official website or following the latest news releases.
SLB has secured a contract from Equinor for the front-end engineering design of a 12-well, all-electric Subsea Production Systems (SPS) project at the Fram Sør field, offshore Norway. This project aims to fast-track the global adoption of electric subsea technology, enhancing operator control, efficiency, and reducing emissions. It is the first project from a joint industry initiative started in 2018 to develop standardized subsea electrification solutions. The project will utilize SLB OneSubsea’s standardized subsea tree design with upgraded electrified power and control systems, eliminating high-pressure hydraulics, thus enabling deeper and more efficient operations.
SLB (NYSE: SLB) has announced it will hold a conference call on July 19, 2024, to discuss its second-quarter results ending June 30, 2024. The call will begin at 9:30 am US Eastern time, with a press release issued at 7:00 am US Eastern time.
Listeners in North America can join by dialing +1 (844) 721-7241, while those outside can use +1 (409) 207-6955, using access code 8858313. A webcast will also be available at www.slb.com/irwebcast. A replay will be accessible until August 19, 2024, by dialing +1 (866) 207-1041 in North America or +1 (402) 970-0847 outside, with access code 1906897.
SLB and Aker Carbon Capture (ACC) have finalized their joint venture aimed at accelerating the adoption of carbon capture technologies across various industries. This new entity merges SLB's and ACC's technological portfolios to enhance industrial decarbonization efforts. The venture combines ACC's Advanced Carbon Capture™ technologies, like Just Catch™ and Big Catch™, with SLB's non-aqueous solvent and sorbent-based solutions. Currently, seven projects are in progress, with a combined capacity to capture 1 million tonnes of CO2 annually. SLB holds an 80% stake in the venture, headquartered in Oslo, with ACC owning the remaining 20%.
SLB OneSubsea has been awarded a significant contract by Equinor for the second stage of Phase 3 of the Troll project in the North Sea. This contract builds on an existing long-term agreement and aims to accelerate the production of about 55 billion standard cubic meters of gas. SLB OneSubsea will employ North Sea compliant, configurable equipment for standardized subsea production systems. The expanded scope includes nine vertical trees, wellheads, tubing hangers, control modules, bridge modules, templates, topside controls integration, and umbilicals. This move solidifies SLB's position as a key supplier to Equinor.
SLB OneSubsea and Subsea7 have been awarded an integrated contract by OKEA for the development of the Bestla Project in the North Sea. The project aims to accelerate subsea tieback delivery to aging platforms for profitable and sustainable marginal field development. The contract involves the delivery of a subsea production system and installation of flowline systems, spools, and protection measures by the partnership. The field is estimated to contain 24 million barrels of oil equivalent, with first oil targeted for Q4 2026.
SLB has signed a long-term strategic collaboration agreement with Equinor ASA and the Subsea Integration Alliance for the Wisting field and Bay Du Nord projects. The agreement focuses on early engagement, technology innovation, and collaborative benefits to unlock more subsea projects economically. This partnership solidifies OneSubsea and Subsea7's positions as trusted contractors to Equinor, with immediate work commencing on concept studies for the projects.
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