Schlumberger

SLB Revamps Following Strong 3Q Lower 48, Global OFS Results

SLB Revamps Following Strong 3Q Lower 48, Global OFS Results

Two days after reporting solid third quarter results, Schlumberger Ltd. changed its brand to SLB, underscoring its vision for a “decarbonized energy future.” The bellwether oilfield services (OFS) operator, the world’s largest, rebranded to the New York Stock Exchange symbol to affirm its evolving focus on “driving energy innovation for a balanced planet” as a…

October 25, 2022
Schlumberger Rebranding in Shift to ‘Decarbonized Energy Future,’ but OFS Still Big

Schlumberger Rebranding in Shift to ‘Decarbonized Energy Future,’ but OFS Still Big

Schlumberger Ltd., founded 96 years ago, has changed its brand to SLB, underscoring its vision for a “decarbonized energy future,” the company said Monday. The rebranding to the New York Stock Exchange symbol is designed to affirm its transformation from the world’s largest oilfield services company to focus on “driving energy innovation for a balanced…

October 24, 2022
Schlumberger Expanding Louisiana Footprint with Gulf of Mexico Hub

Schlumberger Expanding Louisiana Footprint with Gulf of Mexico Hub

Backed by Louisiana state government incentives, oilfield services (OFS) giant Schlumberger Ltd. has decided to centralize its offshore oil and gas support services in the heart of the state’s Acadiana region. The company is spending $11.5 million to expand its operations in Lafayette, LA, forming a North Gulf Coast (NGC) Hub. Schlumberger’s Lyndal Cissell, North…

October 10, 2022
Schlumberger, Aramco Eyeing Emissions Reductions Through Digital Platform

Schlumberger, Aramco Eyeing Emissions Reductions Through Digital Platform

The world’s largest oilfield services company and the world’s largest oil company are partnering to develop a digital platform to help decarbonize hard-to-abate industrial sectors. Schlumberger Ltd. and Saudi Arabian Oil Co. (Aramco) said this week that, “The proposed platform will enable companies in industries such as oil and gas, chemicals, utilities, cement and steel…

September 23, 2022
Schlumberger Riding Tailwinds as E&P Spending Escalates, Offshore FIDs Expand

Schlumberger Riding Tailwinds as E&P Spending Escalates, Offshore FIDs Expand

A growth cycle is underway for the global natural gas and oil industry, with the offshore looking particularly inviting, according to Schlumberger Ltd. CEO Olivier Le Peuch. As the world’s largest oilfield services (OFS) company, Schlumberger is attuned to the needs of its exploration and production (E&P) customers, which have begun pouring into the offshore,…

June 28, 2022
Schlumberger Forecasting Multi-Year Upcycle in Oil, Natural Gas Investments

Schlumberger Forecasting Multi-Year Upcycle in Oil, Natural Gas Investments

The world’s top oilfield operator, Schlumberger Ltd., is anticipating oil and natural gas demand to push “successive years of market growth,” with the upcycle now in full gear, CEO Olivier Le Peuch said Friday. “As demand continues to strengthen and new investments are committed to diversify energy supply, the duration and scale of this upcycle…

April 22, 2022
Schlumberger, IBM’s Hybrid Cloud System Gives E&Ps Global Access to Shared Data

Schlumberger, IBM’s Hybrid Cloud System Gives E&Ps Global Access to Shared Data

Schlumberger Ltd. and IBM have launched a commercial hybrid cloud to allow energy operators global access, with “full interoperability” no matter where the decision-making is done. Under the program, exploration and production (E&P) customers would gain access to the open subsurface data universe, or OSDU, in locations “where data residency requirements and local regulations may…

June 29, 2021
Schlumberger Gearing Portfolio to Reach Net-Zero Carbon by 2050

Schlumberger Gearing Portfolio to Reach Net-Zero Carbon by 2050

Schlumberger Ltd., the world’s largest oilfield services company, has joined its energy peers in committing to reach net-zero carbon emissions across the oil and gas value chain by 2050. The company said Tuesday it has spent 18 months analyzing and working with experts to produce a decarbonization plan. The focus is to reduce emissions from…

June 23, 2021

4Q2019 Earnings: Revamping North American Onshore Helps Schlumberger to Persevere

Right-sizing the North America business helped Schlumberger Ltd. overcome an end-of-year slump in Lower 48 activity, while the international business continued to pick up steam.

January 17, 2020

Schlumberger Tackling Climate Change by Reducing GHG Emissions

The world’s largest oilfield services company, Schlumberger Ltd., is taking on climate change, announcing it will commit to reducing its emissions using science-based targets.

December 26, 2019
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