SLB OneSubsea has won a contract to provide FEED for Equinor’s all-electric subsea project at a field offshore Norway, the SLB-Aker joint venture said on Thursday.
Schlumberger Ltd. (SLB) and Nigeria National Petroleum Corp. Ltd. (NNPC) have signed a cooperation agreement that commits SLB to helping provide technical services in Nigeria’s upstream oil and gas sector.
The Nigerian Upstream Petroleum Regulatory Commission, on Sunday, announced that it would work with Schlumberger Global to develop frontier oil basins in Nigeria.
Schlumberger, globally known as SLB Global, is a major player in the oil and gas industry, while Nigeria’s frontier basins are regions with potential for oil and gas reserves that have not been extensively explored yet.
Shares of Schlumberger Limited (NYSE:SLB – Get Free Report) have been given an average rating of “Moderate Buy” by the eighteen research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $68.72.
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.