Schlumberger

With government support, TNG-Group is developing an analogue of Schlumberger MDT equipment, a drill rod drive for oil refineries and parts for the bottom drum of submersible equipment for galvanizing lines. As part of the decree of the Government of the country, which gives supplier companies the opportunity to modify …

American oilfield services company SLB (formerly known as Schlumberger) in the third quarter increased net income by 24%, revenue by 11%, with adjusted earnings per share exceeding market expectations by 1 cent, and revenue only slightly below forecasts. Net income in July-September was $1.12 billion, or 78 cents per share, …

SLB announced the termination of the supply of products and technologies from all its enterprises in connection with the tightening of sanctions against Moscow. Prior to this, shipments were limited only from the US, UK, EU and Canada The largest oilfield service company SLB (formerly Schlumberger) announced the termination of …

The US Treasury has once again extended permission for four US oilfield services companies to operate in Venezuela. The 8L General License allows Halliburton, Schlumberger Limited, Baker Hughes Holdings LLC and Weatherford International to retain Venezuelan assets until November 19 and enter into transactions with the local state-owned company PDVSA …

Oilfield services giant SLB has restricted business in Russia to continue operating under sanctions. Among the measures taken by SLB to continue working in Russia under sanctions is the restriction of the supply of products and technologies produced in the US, UK, EU and Canada. The largest oilfield services company …

Complementary technologies elevate drilling performance benchmarks SLB today announced it has entered into an agreement to acquire Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology. The transaction will integrate Gyrodata’s wellbore placement and surveying technologies within SLB’s Well Construction business, bringing customers innovative drilling solutions. …

New identity focuses on energy innovation and decarbonization to address the world’s energy needs today and to forge the road ahead for the energy transition Schlumberger today announced its new name—SLB—underscoring the company’s vision for a decarbonized energy future and affirming its transformation from the world’s largest oilfield services company …

Q3 2022 Earnings Release, with Financial Tables (263 KB PDF) (To view PDF files, get Adobe Acrobat Reader.) Revenue of $7.5 billion increased 10% sequentially and 28% year on year International revenue of $5.9 billion increased 13% sequentially and 26% year on year North America revenue of $1.5 billion was …

Non-aqueous solvent technology drives carbon capture cost reductions across hard-to-abate industries Schlumberger announced today that it has entered into an agreement with RTI International, a nonprofit research institute, to accelerate the industrialization and scale-up of its proprietary non-aqueous solvent (NAS) technology, which enhances the efficiency of absorption-based carbon capture. The …

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 process for battery-grade lithium compounds. As part of Schlumberger’s NeoLith Energy direct lithium extraction (DLE) and production flowsheet, Gradiant technology is used to concentrate …