Schlumberger Ltd.

SLB has been awarded three contracts by Petrobras for completion hardware and services for up to 35 subsea wells in the development of Petrobras' offshore Buzios Wave II oilfield. The scope of the contract includes SLB's full bore electric interval control valves and electric subsurface safety valves. The award is a catalyst toward full production system electrification for Petrobras, improving production availability via [...]

SLB and ChampionX Corporation today announced a definitive agreement for SLB to purchase ChampionX in an all-stock transaction. The agreement was unanimously approved by the ChampionX board of directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240401333106/en/ An SLB employee at work in one of the global technology company's production chemistry labs [...]

SLB today announced an agreement to combine its carbon capture business with Aker Carbon Capture to support accelerated industrial decarbonization at scale. Bringing together complementary technology portfolios, leading process design expertise and an established project delivery platform, the combination will leverage ACC's commercial carbon capture product offering and SLB's new technology developments and [...]

SLB will hold a conference call on April 19, 2024 to discuss the results for the first quarter ending March 31, 2024. The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. To access the conference call, listeners should contact the Conference Call Operator at +1 721-7241 within North America or +1 207-6955 outside of North [...]

Nabors Industries Ltd. today reported fourth quarter 2023 operating revenues of $726 million, compared to operating revenues of $734 million in the third quarter. The net loss attributable to Nabors shareholders for the quarter was $17 million, compared to a net loss of $49 million in the third quarter. This equates to a loss of $2.70 per diluted share, compared to a loss per diluted share of $6.26 in the third quarter [...]

SLB today announced that it is reaffirming its full-year 2024 financial guidance. "We acknowledge the decision by Saudi Aramco to maintain its Maximum Sustainable Capacity at 12 million barrels per day , and not to continue increasing MSC to 13 MMBD," said SLB Chief Executive Officer Olivier Le Peuch. "We continue to work very closely with Saudi Aramco, and our understanding is that all ongoing oil and gas projects remain [...]

SLB today announced a significant step toward fully autonomous drilling operations at Equinor's Brazilian Peregrino C platform. SLB digital technologies for surface automation, autonomous on-bottom drilling, and directional drilling were combined to enable 99% of a 2.6-kilometer section to be drilled in autonomous control mode. Over a five-well program, a 60% increase in rate of penetration was achieved, resulting in [...]

SLB today announced results for the fourth-quarter and full-year 2023. Fourth-Quarter Results Three Months Ended Change Dec. 31, 2023 Sept. 30, 2023 Dec. 31, 2022 Sequential Year-on-year Revenue $8,990 $8,310 $7,879 8% 14% Income before taxes - GAAP basis $1,433 $1,395 $1,347 3% 6% Income before taxes margin - GAAP basis 15.9% 16.8% 17.1% -85 bps -116 bps Net income attributable to SLB - GAAP basis $1,113 $1,123 $1,065 [...]

SLB and Nabors Industries today announced a collaboration to scale the adoption of automated drilling solutions for oil and gas operators and drilling contractors. The agreement will enable customers to seamlessly integrate the companies' drilling automation applications and rig operating systems to deliver improved well construction performance and efficiency. This press release features multimedia. View the full release [...]

SLB today announced an investment and technology partnership agreement with Geminus AI that will give SLB exclusive access to deploy the first physics-informed artificial intelligence model builder for oil and gas operations. The Geminus model builder fuses physics-based approaches with process data to produce highly accurate AI models that can be deployed at scale, far faster and at much less cost than traditional AI [...]