Schlumberger Ltd is a leading global provider of technology and services to the oil and gas industry, specializing in various aspects of exploration, drilling, production, and reservoir management
The company offers a comprehensive range of solutions, including advanced data analytics, digital technologies, and integrated project management, which help energy companies optimize their operations and enhance efficiency. Schlumberger's innovative tools and services are designed to address the complex challenges of resource extraction and contribute to more sustainable practices within the energy sector. With a presence in numerous countries, the company plays a critical role in supporting the energy industry's transition toward more advanced and environmentally responsible extraction methods.
Schlumberger's stock remains relatively flat premarket after a 2% increase yesterday, following the announcement of a subsea production systems agreement with Vår Energi to fast-track oil and gas developments on the Norwegian Continental Shelf.
SLB (NYSESLB) has announced an agreement between its OneSubsea™ joint venture and Vår Energi to deliver a sizeable subsea production systems (SPS) work scope. This award leverages the existing strategic subsea partnership agreement between the two companies for standardized subsea equipment, supporting multiple upcoming oil and gas developments on the Norwegian Continental Shelf (NCS).
When you hear the name Schlumberger, oil drilling usually comes to mind. But they are evolving as they leverage technology to bolster efficiency and production.
SLB (NYSESLB) today announced that SLB Capturi, in collaboration with Aker Solutions, has been awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract from Hafslund Celsio AS to deliver a carbon capture solution at its waste-to-energy facility in Klemetsrud, Oslo. Hafslund Celsio is Norway’s largest district heating supplier and the owner and operator of Norway’s largest waste-to-energy plant. Hafslund Celsio’s carbon capture project is part of Longship, the Norwegian Government’s full value-chain carbon capture and storage (CCS) project.
Katy Huberty, the Global Head of Research at Morgan Stanley, has spotlighted 20 stocks from companies that are likely to see significant benefits from the adoption of Artificial Intelligence (AI).
Global energy technology company SLB (NYSESLB) announced today that SLB Capturi has completed commissioning and is handing over its modular carbon capture plant at Twence’s waste-to-energy facility in Hengelo, Netherlands.
SLB and Star Energy Geothermal have teamed up to advance geothermal technology, focusing on improving project efficiency and recovery rates. This partnership combines Star Energy Geothermal's expertise with SLB's energy technology solutions.
JP Morgan analyst Arun Jayaram maintained an Overweight rating on Schlumberger NV (NYSESLB), raising the price target from $48 to $50. Despite challenges in key markets, SLB forecasts flat year-over-year revenue and EBITDA for 2025, highlighting portfolio diversification, digital growth, and production exposure.
Q4 earnings season officially kicked off this week, with 21 S&P 500 companies (mostly financials) reporting earnings. 14 companies beat estimates, 6 missed, and 1 tied. The average “surprise factor” was 6.4%.
Risk appetite surged on Wall Street at the end of the week, with investors ramping up stock purchases ahead of Monday's market closure for Martin Luther King Day, which is also when Donald Trump will be sworn in as the 47th U.S. president.
