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SLB Jumping into Merger Game with ChampionX, Aker Carbon Deals to Accelerate E&P Efficiencies, CCUS

SLB Jumping into Merger Game with ChampionX, Aker Carbon Deals to Accelerate E&P Efficiencies, CCUS

In its second transaction in less than a week, SLB Ltd. agreed Tuesday to buy ChampionX Corp., considered a leader in oilfield reservoir optimization. The all-stock merger with ChampionX, headquartered in The Woodlands north of Houston, was valued at nearly $8 billion. Once the transaction is completed, now expected by year’s end, ChampionX shareholders would…

April 3, 2024
SLB Forecasting ‘Durable’ Natural Gas, Oil Activity, with Growth Offshore, Overseas

SLB Forecasting ‘Durable’ Natural Gas, Oil Activity, with Growth Offshore, Overseas

Exploration and production companies are investing billions to expand their natural gas and oil development in the global offshore, including the U.S. Gulf of Mexico, as Lower 48 activity flattens, SLB Ltd. CEO Olivier Le Peuch said Friday. During the fourth quarter conference call with analysts, Le Peuch said, “the characteristics of breadth, resilience and…

January 19, 2024
NGI’s 3Q2023 North American Natural Gas Supply and Demand Analyst Takeaways

NGI’s 3Q2023 North American Natural Gas Supply and Demand Analyst Takeaways

North American natural gas prices dropped dramatically in 2023 as producers maintained robust production levels, inventories grew and international markets found more balance after Russia invaded Ukraine. Read what NGI analysts learned during 3Q2023 earnings season and how they view supply and demand trends moving forward. EQT Corp. (EQT): The marginal molecule of U.S. natural…

December 27, 2023
With More Business Built on Carbon Capture, SLB CEO Says Natural Gas Key to Energy Transition 

With More Business Built on Carbon Capture, SLB CEO Says Natural Gas Key to Energy Transition 

The global energy sector is benefiting today from long-cycle developments, SLB CEO Olivier Le Peuch said Friday, lifted by more carbon capture expansions, offshore exploration and the realization that “natural gas is a critical source for the energy transition.” During a third quarter conference call, Le Peuch offered his insight into results for the world’s…

October 20, 2023
SLB’s 4Q Results ‘Affirmed a Distinctive New Phase’ in North American Upcycle

SLB’s 4Q Results ‘Affirmed a Distinctive New Phase’ in North American Upcycle

An uptick in global offshore development, combined with expansion of natural gas opportunities overseas, bode well for SLB Ltd. to improve activity in 2023, CEO Olivier Le Peuch said last week.  All signs point in a positive direction, Le Peuch said, after the world’s No. 1 oilfield services (OFS) operator closed out a “remarkable year.”…

January 24, 2023
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