Welcome to our dedicated page for SLB news (Ticker: SLB), a resource for investors and traders seeking the latest updates and insights on SLB stock.
SLB Limited (NYSE: SLB) is a global energy technology company active in support activities for oil and gas operations, with a strong emphasis on digital technologies, AI, subsea systems, and emerging low‑carbon solutions. The SLB news stream highlights how the company applies technology and services across upstream oil and gas, production optimization, and carbon storage projects.
Investors and industry followers can use this page to review earnings announcements, conference call schedules, major contracts, and technology launches. Recent releases include quarterly results with detailed segment and geographic breakdowns, commentary on market conditions, and updates on the integration of the ChampionX acquisition into SLB’s Digital and Production Systems divisions.
SLB’s news also showcases large project awards and collaborations. Examples include a five‑year stimulation services contract from Aramco for unconventional gas fields, major completions and electric completions contracts for ultra‑deepwater wells offshore Brazil, and subsea EPC awards for deepwater projects in Malaysia and Norway through the SLB OneSubsea joint venture. These items illustrate SLB’s involvement in unconventional gas, deepwater, and subsea developments.
Another recurring theme in SLB’s news is digital and AI innovation. The company has announced the launch of Tela, an agentic AI assistant for the upstream sector, and a strategic collaboration with Shell to develop digital and AI solutions on SLB’s Lumi data and AI platform. SLB also reports on contracts in carbon capture and storage, such as deploying its Sequestri carbon storage solutions portfolio for the Northern Endurance Partnership in the North Sea.
By following this news page, readers can monitor how SLB’s contracts, digital initiatives, subsea projects, and CCS activities evolve over time and how management describes market conditions, regional activity, and strategic priorities.
Linde and SLB announced a strategic collaboration on carbon capture, utilization, and sequestration (CCUS) projects on October 31, 2022, aimed at accelerating decarbonization across industrial and energy sectors.
This partnership combines extensive expertise in CO2 capture and sequestration, innovative technologies, and project execution capabilities, with a focus on hydrogen and ammonia production and natural gas processing. CCUS is crucial for achieving net-zero emissions by 2050, requiring over 6Gt of CO2 to be abated annually, according to the IEA.
SLB and Linde have formed a strategic collaboration focused on carbon capture, utilization, and sequestration (CCUS) to drive decarbonization in various sectors including hydrogen and ammonia production, and natural gas processing. This partnership aims to leverage their extensive experience and innovative technologies to significantly reduce CO2 emissions, aligning with the International Energy Agency's goal of abating over 6Gt of CO2 annually by 2050. Both companies emphasize their commitment to creating low-carbon energy solutions for a sustainable future.
SLB (NYSE: SLB) has agreed to acquire Gyrodata, a company specializing in gyroscopic wellbore positioning technology. This acquisition will enhance SLB's Well Construction business by integrating advanced drilling solutions aimed at improving wellbore quality and reducing drilling risks. It is expected to enhance trajectory control and streamline decision-making processes, contributing to greater drilling efficiency. The transaction is subject to regulatory approvals and anticipated to close by the end of 2022.
SLB, formerly Schlumberger, has rebranded to emphasize its commitment to energy innovation and decarbonization. This strategic shift reflects the company's transformation from an oilfield services provider to a technology-driven energy leader, focusing on sustainable solutions. The new identity includes a refreshed logo and highlights SLB's ongoing initiatives in low-carbon technologies, such as its New Energy business and emission reduction strategies. CEO Olivier Le Peuch stated that balancing energy affordability and sustainability is critical for the company's future.
Schlumberger Limited (SLB) reported strong third-quarter results for 2022, with revenue of $7.5 billion, a 10% sequential and 28% year-on-year growth. International revenue surged 13% sequentially and 26% year-on-year to $5.9 billion. GAAP EPS was $0.63, down 6% sequentially but up 62% year-on-year. Free cash flow reached $1.1 billion. The company approved a quarterly cash dividend of $0.175 per share. CEOL Olivier Le Peuch highlighted strong growth across divisions, driven by Well Construction and Production Systems, underscoring an optimistic outlook for ongoing investments and technology adoption.
Schlumberger has partnered with RTI International to enhance its proprietary non-aqueous solvent (NAS) technology for carbon capture, significantly improving efficiency while reducing costs. This technology consumes 40% less energy and achieves over 99% CO2 capture efficiency from natural gas emissions, the highest reported for such applications. Schlumberger aims to leverage this collaboration to expand market opportunities globally, addressing the urgent need for effective carbon capture solutions amidst rising emissions.
Schlumberger announced a partnership with Gradiant to enhance sustainability in lithium production. This collaboration integrates Gradiant's advanced technology into Schlumberger's NeoLith Energy direct lithium extraction process, aiming to improve mineral recovery while reducing environmental impact. Key benefits noted include reduced time-to-market, lower carbon emissions, and decreased water consumption. The partnership positions Schlumberger to meet rising lithium demand sustainably, leveraging machine learning and digital technology for efficiency.
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.
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