SLB Limited reports developments as a global energy technology and oilfield-services company serving oil and gas, digital, decarbonization, and new energy activities. Recurring news includes quarterly results, international and North America activity, and segment trends across Reservoir Performance, Well Construction, Digital, and Production Systems.
Company updates also cover contract awards and collaborations involving SLB OneSubsea, subsea production systems, multiphase boosting, and deepwater project execution. SLB’s digital news centers on enterprise platforms such as Delfi, cloud-based workflows, AI infrastructure, and data and AI capabilities, while post-acquisition updates describe the contribution of ChampionX businesses to production, recovery, Digital, and Production Systems activity.
Schlumberger is deploying its DELFI cognitive environment for the Northern Lights joint venture, which aims to optimize carbon transport and storage. This project, part of Norway's Longship initiative, plans to capture and store 1.5 million tonnes of CO2 annually, with future expansion potential up to 5 million tonnes based on demand. The DELFI environment enhances operational efficiency and decision-making for CO2 storage workflows, showcasing Schlumberger's expertise in digital solutions and carbon capture technology.
Schlumberger Limited (SLB) reported a strong fourth-quarter for 2021, with revenue of $6.22 billion, a sequential increase of 6% and 13% year-on-year. GAAP EPS rose to $0.42, up 8% sequentially and 56% year-on-year. Full-year revenue totaled $22.9 billion, down 3% from 2020, while adjusted EBITDA reached $4.9 billion. The board approved a quarterly cash dividend of $0.125 per share. CEO Olivier Le Peuch highlighted strong digital sales and free cash flow performance, with $3 billion free cash flow for the year, indicating robust financial health and sustainability commitments.
HOUSTON--(BUSINESS WIRE)--Schlumberger Limited (NYSE:SLB) will hold a conference call on January 21, 2022 to discuss its fourth quarter and full year results for the period ending December 31, 2021. The call, starting at 9:30 am US Eastern time, will be preceded by a press release at 7:00 am. Listeners can join via phone or through a live webcast available at www.slb.com/irwebcast. A replay will be accessible until February 21, 2022.
Schlumberger Limited (NYSE:SLB) announced the redemption of $1 billion in 2.40% Senior Notes due 2022, with a redemption date set for May 2, 2022. The company has deposited sufficient funds with The Bank of New York Mellon to cover the principal and interest payments. This action is part of Schlumberger's ongoing commitment to debt reduction. The Notes will cease to accrue interest following the redemption date.
Schlumberger New Energy, in partnership with Genvia, has signed pilot project agreements aimed at advancing decarbonization in the cement and steel industries. These projects will utilize cutting-edge electrolyzer technology to produce clean hydrogen without CO2 emissions. French President Emmanuel Macron endorsed the initiative during his visit on November 16, supporting the transition to a hydrogen economy. Expected hydrogen production ranges from 200kg to 600kg per day, enhancing system efficiency and reducing electricity use.
Schlumberger Limited (NYSE: SLB) reported third-quarter 2021 results with global revenue of $5.85 billion, a 4% sequential increase and 11% year-on-year growth. GAAP diluted EPS rose 30% to $0.39, while adjusted EPS, excluding charges, increased 20% to $0.36. Cash flow from operations reached $1.07 billion, and free cash flow was $671 million. The board approved a quarterly dividend of $0.125 per share, payable January 13, 2022. CEO Olivier Le Peuch noted robust revenue growth in Well Construction and Reservoir Performance, indicating positive momentum heading into 2022.
Schlumberger has secured a notable contract from Turkish Petroleum for engineering, procurement, construction, and installation (EPCI) services at the Sakarya gas field, Turkey's largest gas reserve. The consortium, comprising Schlumberger and Subsea 7, will deliver comprehensive production solutions, including subsea production systems and an early production facility with a capacity of up to 350 MMscfd of gas. This project reflects Schlumberger's strategic collaboration and commitment to enhancing Turkey’s energy sector.
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Schlumberger and AVEVA announced a partnership to integrate edge, AI, and cloud solutions to optimize oil and gas production. This collaboration aims to enhance wellsite efficiency and performance by streamlining data acquisition and processing. The partnership will focus on linking edge systems to the DELFI cognitive E&P environment, leveraging both companies' IoT and cloud capabilities. Key executives highlighted the potential for improved operational agility and product delivery through this integration.
Schlumberger Limited (NYSE:SLB) will conduct a conference call on October 22, 2021 to discuss its third-quarter results, ending September 30, 2021. The call starts at 9:30 am US Eastern time, with a press release issued at 7:00 am US Eastern time. Investors can join the call via phone at +1 (844) 721-7241 in North America or +1 (409) 207-6955 internationally, using access code 8858313. A webcast of the call will be available on www.slb.com/irwebcast and a replay will be accessible until November 22, 2021.