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Summary SLB shares have performed well of late as oil and gas capex spending has recovered, though they remain well below last decade's high. Revenue is up double digits, and profits are rising faster thanks to the operating leverage inherent in the business. With strong long-...
Schlumberger ( NYSE: SLB ) said Wednesday it has entered into a partnership with Gradiant, a developer of water treatment facilities, to introduce a key sustainable technology into the production process for battery-grade lithium compounds that limits the amount of water nee...
Collaboration aims to maximize mineral recovery and reduce environmental footprint Schlumberger announced today that it has entered into a partnership with Gradiant , a global water solutions provider, to introduce a key sustainable technology into the production pro...
Summary Transocean shares are dropping due to falling oil prices. The whole stock market is feeling the pain of highly hawkish central bankers. The company recently announced some drilling contracts were added to its backlog. The recent debt exchange was not the main reason fo...
Summary Oilfield services were exceptionally volatile last week as crude oil and natural gas declined 8% and 10% respectively. 53 oilfield service companies were evaluated using a value matrix with factors including value, growth, profitability, ownership, and debt. Based on v...
Summary We updated investors in August not to add XLE as we gleaned bifurcation in WTI crude oil's continued weakness, masked by the strength in the unsustainable natural gas surge. Accordingly, natural gas futures have collapsed markedly, while WTI's weakness has worsened, exacer...
Deployment of OSDU data platform will break data silos and accelerate time to value Schlumberger announced today that it has been selected by Wintershall Dea as its preferred partner on the acceleration of its Terra Nova subsurface transformation program. Working with Micros...
Schlumberger ( NYSE: SLB ) rolled out a cloud-based enterprise data solution on Wednesday to deliver the most comprehensive capabilities for subsurface data. Powered by Microsoft Energy Data Services and built on Microsoft Azure ( MSFT ), the Schlumberger Enterprise Da...
Customers will make data-driven decisions faster, at scale, through fully integrated cloud-native solutions powered by Microsoft Energy Data Services Schlumberger today announced the commercial release of the Schlumberger Enterprise Data Solution, which is powered by Microso...
Schlumberger ( NYSE: SLB ) and Saudi Aramco ( ARMCO ) unveiled plans Tuesday to collaborate and develop a digital platform that will provide sustainability solutions for hard-to-abate industrial sectors . The companies said their proposed platform will enable compani...
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Regulatory News: SLB (NYSE: SLB) today announced that it will proceed with a voluntary delisting of its shares (ISIN: AN8068571086) from Euronext Paris. Consistent with its prior decisions to delist from other exchanges, SLB reviewed the low trading volumes on the Euronext Paris and, give...
Long-term partnership will digitally transform Aker BP’s subsurface workflows to lower costs, shorten planning cycles and increase production more sustainably Regulatory News: This press release features multimedia. View the full release here: https://www.businesswire.com/n...