Schlumberger Stock Price, News & Analysis

SLB (NYSE: SLB) and NVIDIA are collaborating to develop generative AI solutions for the energy industry. This partnership aims to accelerate the deployment of industry-specific AI foundation models across SLB's platforms, including Delfi™ and Lumi™. The collaboration leverages NVIDIA NeMo™ to create custom generative AI for subsurface exploration, production operations, and data management.

The initiative seeks to optimize operations, enhance efficiency, and reduce carbon footprints in the energy sector. SLB will integrate NVIDIA NeMo and NIM™ inference microservices to offer customers a robust platform for implementing generative AI in technical workflows. This collaboration builds on a partnership that began in 2008, focusing on GPU use for subsurface imaging and geoscience interpretation.

SLB (NYSE: SLB) has launched the Lumi™ data and AI platform, integrating advanced AI capabilities, including generative AI, with workflows across the energy value chain. The platform aims to accelerate AI adoption at scale for SLB's global customers in the energy industry. Key features include:

- Open, secure, and modular design
- Access to high-quality data across various domains
- Embedded large language models (LLMs) and industry-optimized domain foundation models
- Availability on major cloud service providers and on-premises
- Compliance with NIST cybersecurity standards and emerging AI regulations

The Lumi platform is expected to enhance SLB's Delfi™ digital platform, enabling more powerful reservoir modeling, seismic interpretation, and operational efficiencies for energy customers.

ILiAD Technologies celebrates the successful use of its direct lithium extraction (DLE) technology at SLB's Clayton Valley Demonstration Plant in Nevada. The plant, commissioned in March 2024, operates at one-tenth of commercial scale and has demonstrated significant improvements in lithium production:

- 500 times faster production time
- 96% lithium recovery rate
- Reduced land and water use
- Low-temperature processing at 95°F

ILiAD's technology, part of SLB's integrated solution, efficiently extracts high-purity lithium chloride from brines with a smaller environmental footprint compared to traditional methods. This success follows SLB's significant investment in ILiAD Technologies earlier this year, positioning the company to meet growing global demand for lithium in electric vehicle batteries.

SLB has demonstrated a breakthrough in sustainable lithium production at its Nevada plant, integrating direct lithium extraction (DLE), concentration, and conversion technologies. The process produces lithium 500 times faster than conventional methods, using only 10% of the land and significantly less water and chemical reagents. Key achievements include:

- 96% lithium recovery rate from brine, verified independently
- Production of high-purity lithium carbonate or hydroxide
- Flexible output of lithium chloride, carbonate, or hydroxide
- Process completion in hours, compared to 18 months for evaporation methods
- Reduced environmental impact with spent brine returned to its source

This innovative approach positions SLB to accelerate the deployment of commercial-scale facilities for high-quality lithium products, important for the electrification economy.

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 cyber threats in the industry's digital transformation.

Key aspects of the collaboration include:

• SLB integrating Palo Alto Networks' AI-powered cybersecurity platforms into its technology stack
• Enhancing security across SLB's network, cloud, and edge platforms
• Developing solutions for edge products and services
• Enabling secure collaboration for thousands of users on SLB's Delfi digital platform

This partnership aims to strengthen SLB's security infrastructure and drive future enhanced solutions for the energy sector's growing cybersecurity needs.

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

SLB (NYSE: SLB) has secured a major contract from Petrobras (NYSE: PBR) for its OneSubsea™ joint venture to provide standardized, pre-salt subsea production systems for two oil fields in Brazil's Santos Basin. The contract covers the second development phase of the Atapu and Sepia fields, including the supply of vertical trees, subsea distribution units, control systems, and pipeline systems. Much of the technology will be produced and serviced locally at SLB OneSubsea's facilities in Brazil. This project will support the addition of two new FPSO platforms, P-84 (Atapu) and P-85 (Sepia), each with a daily production capacity of 225,000 barrels of oil and processing of 10 million cubic meters of gas.

SLB and Aker Carbon Capture's joint venture (SLB-ACC JV) has been awarded a front end engineering and design (FEED) contract by CO280 Solutions for a large-scale carbon capture plant at a pulp and paper mill on the U.S. Gulf Coast. The project aims to remove 800,000 tonnes of carbon emissions annually, delivering permanent, verifiable, and affordable carbon dioxide removals (CDRs).

The concept design is based on the SLB-ACC JV's modularized Just Catch™ 400 technology, enabling pre-fabrication of carbon capture units. This contract marks a significant milestone in the partnership between SLB-ACC JV and CO280 to deliver large-scale carbon capture solutions for North American industry, with the pulp and paper sector representing a carbon removal opportunity of up to 130 million tonnes per year.

ILiAD Technologies, a subsidiary of EnergySource Minerals (ESM), has successfully closed a funding round with a significant investment from SLB (NYSE: SLB). This investment follows Arcadium Lithium's (NYSE: ALTM) earlier acquisition of a minority stake in ILiAD's parent company. The funding will enhance ILiAD's direct lithium extraction (DLE) technology and expand its global deployment.

SLB plans to integrate ILiAD's technology into its sustainable lithium production solution, currently undergoing technical trials. The investment solidifies ILiAD's position as a leading DLE technology platform for sustainable lithium production, important for the electric vehicle (EV) industry. ILiAD's technology offers cost, efficiency, and environmental advantages over traditional lithium extraction methods.

This investment concludes ILiAD Technologies' establishment capital raise process, which raised $50 million since the second half of 2023.