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SLB

SLB
Big Oil Companies

SLB scores deepwater drilling contracts with Shell

January 9, 2025 Mariel Alumit

Shell Houston-based oilfield service giant SLB has been awarded a series of drilling contracts by Shell to support energy development across its deep- and ultra-deepwater assets. The scope of the contracts will include digital directional […]

Crude Oil News

Deal Spotlight Episode #6: SLB Forecasting US Shale Future By Buying ChampionX?

April 25, 2024 Michael Tanner

Another merger, another Deal Spotlight! On today’s episode, we talk all things OFS and the merger of SLB + ChampionX that happened earlier this year. To break all this down, we needed to find an […]

SLB
Earnings

SLB posts Q1 earnings beat, sees softening oil demand in US

April 22, 2024 Mariel Alumit

Shares of Schlumberger Limited (SLB) are dipping slightly on Friday as the oil drilling operator posted its first-quarter earnings, beating Wall Street revenue expectations for the quarter but disappointing on its failure to truly capitalize on […]

Coal

Mexico Now Cutting Oil Production

April 3, 2024 Andy Del Prado

Daily Standup Top Stories Mexico Curbs Oil Exports April 2, 2024 Mariel Alumit Mexico’s state-controlled oil company plans to halt some crude exports over the next few months, a move that would cut supply from a […]

ChampionX
M & A

SLB To Acquire ChampionX, Return $7 Billion To Shareholders; CHX Stock Jumps

April 2, 2024 Mariel Alumit

Oilfield services giant SLB on Tuesday announced plans to acquire chemistry solutions and drilling technology provider ChampionX (CHX). SLB stock retreated early Tuesday while CHX stock, an S&P Midcap 400 component, jumped. SLB (SLB), formerly Schlumberger, plans to […]

SLB
Finance

SLB to buy ChampionX for $8 billion in growing deal-making in US energy sector

April 2, 2024 Mariel Alumit

April 2 (Reuters) – Top oilfield services company SLB (SLB.N), said on Tuesday it will buy smaller rival ChampionX (CHX.O), in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector. Oilfield […]

SLB
Carbon Capture

SLB Announces Agreement to Acquire Majority Ownership in Aker Carbon Capture

March 29, 2024 Mariel Alumit

SLB (NYSE: SLB) today announced an agreement to combine its carbon capture business with Aker Carbon Capture (ACC) to support accelerated industrial decarbonization at scale. Bringing together complementary technology portfolios, leading process design expertise and […]

Russia
Crude Oil News

World’s Top Oilfield Services Provider Not Leaving Russia

March 25, 2024 Mariel Alumit

SLB, the biggest oilfield services firm in the world, is not planning to abandon its business in Russia, chief executive Olivier Le Peuch told the Financial Times in an interview published on Monday. Pressure has mounted on […]

SLB
Crude Oil News

SLB enacts worldwide ban on its Russian operations

July 17, 2023 Mariel Alumit

SLB, formerly known as Schlumberger, has announced it will be halting shipments of its products and technology into Russia from all its facilities around the globe. The firm said that this decision was made in […]

SLB
CCUS

SLB New Energy to Target Billion-Dollar Opportunities Only

March 1, 2023 Mariel Alumit

SLB – known as Schlumberger until three and a half months ago – is aiming for billion-dollar business opportunities only under its New Energy unit. “We look for two things: impact and scale,” Gavin Rennick, […]

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