The integrated engineering, procurement, construction and installation (EPCI) contract is aimed at expediting the subsea tieback process to extend the life of ageing platforms.
The Students’ Loan Bureau (SLB) plans to employ several initiatives to strengthen its customer engagement strategies for fiscal year 2024/25.
SLB has reported net income attributable to the company of $2.06 billion for the first quarter, a 15 percent increase year over year.
Revenue of $8.71 billion increased 13% year on year
GAAP EPS of $0.74 increased 14% year on year
EPS, excluding charges and credits, of $0.75 increased 19% year on year
Net income attributable to SLB of $1.07 billion increased 14% year on year
Adjusted EBITDA of $2.06 billion increased 15% year on year
Cash flow from operations was $327 million
Board approved quarterly cash dividend of $0.275 per share
SLB, the world’s largest oil services and equipment provider, last year rejected calls from human rights groups to withdraw from Russia as Western rivals exited quickly after the invasion of Ukraine.
SLB (NYSE: SLB) today announced a significant step toward fully autonomous drilling operations at Equinor’s Brazilian Peregrino C platform. SLB digital technologies for surface automation, autonomous on-bottom drilling, and directional drilling were combined to enable 99% of a 2.6-kilometer section to be drilled in autonomous control mode. Over a five-well program, a 60% increase in rate of penetration was achieved, resulting in faster well delivery while reducing cost and carbon emissions.