SLB Limited Stock Price, News & Analysis

Schlumberger has been chosen by Wintershall Dea as the preferred partner for its Terra Nova subsurface transformation program. This collaboration will utilize Schlumberger's open-source DELFI Data Ecosystem on the OSDU platform to enhance data accessibility and decision-making efficiencies. The contract spans one year, focusing on integrating data management solutions with Microsoft Azure. Schlumberger's contribution to the OSDU platform is set to unlock significant value, marking a pivotal step in Wintershall Dea's data-driven strategy.

Schlumberger has launched the Enterprise Data Solution, powered by Microsoft Energy Data Services, aiming to transform data accessibility in the energy industry. This platform aligns with the OSDU™ Technical Standard, enabling integration across various vendor technologies. Early adopters include PETRONAS and Chevron, which have improved data management and operational efficiency. The solution emphasizes AI-driven decision-making and supports the energy transition by facilitating carbon capture initiatives.

Schlumberger Limited (NYSE:SLB) will redeem approximately $895 million of its senior notes due 2022. This includes $600 million in 2.65% notes by Schlumberger Finance Canada Ltd., redeemable on October 20, 2022, and $295.3 million in 3.625% notes by Schlumberger Holdings Corporation, redeemable on October 21, 2022. The redemption price will equal the principal plus accrued interest. Notifications will be sent to registered holders of these notes.

Schlumberger has introduced its Digital Platform Partner Program, enabling independent software vendors (ISVs) to develop and market new applications via its open digital platform. This initiative allows Schlumberger customers to access a diverse range of interoperable digital solutions, enhancing data-driven decision-making across the energy sector.

Currently, nine ISVs are involved, focusing on various workflows related to reservoir engineering, carbon capture, and optimization. The initiative aims to embody a connected ecosystem that drives innovation and business performance improvement.

Schlumberger (NYSE: SLB) announced a strategic partnership with Cognite to integrate its Enterprise Data Solution with Cognite Data Fusion®, enhancing operational data usage in the energy sector. This collaboration aims to streamline data from reservoirs and wells onto a unified platform, utilizing AI and analytics to optimize production, reduce costs, and support sustainability goals. The initial focus will be on improving production operations, providing customers with enhanced management of data models and quicker time to value.

Schlumberger Limited (NYSE:SLB) will hold a conference call on October 21, 2022, to discuss its third-quarter results for the period ending September 30, 2022. The call is scheduled for 9:30 am ET with a press release issued at 7:00 am ET. To join, participants should call in 10 minutes prior to the start using provided numbers. A webcast will also be available on its website. A replay can be accessed until November 20, 2022. Schlumberger focuses on delivering digital solutions and technological innovations for the global energy industry.

Schlumberger, Aker Solutions, and Subsea 7 have formed a joint venture aimed at enhancing subsea production efficiency. This collaboration will merge Schlumberger's and Aker Solutions' subsea technologies to support decarbonization and optimize asset performance in the offshore market. The venture will see Schlumberger retain a 70% stake, while Aker Solutions and Subsea 7 will own 20% and 10%, respectively. A total of USD 306.5 million in Schlumberger stock will be issued to Aker Solutions, with Subsea 7 investing the same amount in cash. The deal awaits regulatory approvals and is expected to finalize in H2 2023.

Schlumberger has secured an EPCI contract for the Odd Job field in the Gulf of Mexico, awarded by Kosmos Energy. The OneSubsea unit will provide a subsea multiphase boosting system and related equipment, enhancing production efficiency and reducing CO₂ emissions. The project aims to deliver significant cost savings while improving recovery rates for Kosmos Energy. OneSubsea boasts over 40 projects delivered since 1994, demonstrating robust track records in subsea technology.