slb

SLB’s performance improvement occurred due to stable demand for its services in certain international regions, which helped offset the slowdown in drilling operations in North America, Mexico, and Saudi Arabia. The company, the first among the major American oilfield service providers to release its report, had previously noted reduced activity …

ADNOC Drilling is acquiring a 70% stake in the drilling business of oilfield services company SLB (formerly Schlumberger) in Oman and Kuwait for approximately $112 million. A joint venture will be established based on these assets. The deal, expected to close in the first quarter of 2026, will give ADNOC …

The oilfield services enterprise SpetsPromService, in which Public Joint Stock Company LUKOIL holds a 49.5 percent stake, increased its revenue six hundredfold in the year 2024, reaching 20.4 billion Russian rubles, according to a report by Kommersant. The publication notes that the revenue figures of SpetsPromService are now comparable to …

Oilfield services Corporation SLB, formerly known as Schlumberger, is strengthening its position in the Russian market after the departure of Western competitors. This was reported by the Financial Times newspaper. “The documents show that the company also continued to import materials from other sources, importing equipment worth $17.5 million between …

Norwegian energy company Equinor (35%, operator), on behalf of its partners Repsol Sinopec Brasil (35%) and Petrobras (30%), has won a drilling contract with Valaris, represented by Ensco UK Drilling Limited and Ensco do Brasil Petróleo e Gás LTDA, for the Raia project in Brazil. Drilling at Raia is scheduled …

On the eve, the American drilling rig manufacturer Helmerich & Payne announced plans to acquire British competitor KCA Deutag International Ltd., which has enough projects in the Middle East. Helmerich & Payne is not one of the “big four” oilfield services companies, for it the acquisition of a company for …

SLB and TotalEnergies announced a 10-year partnership to co-develop scalable digital solutions for enabling access to energy resources, with improved performance and efficiency. The partnership establishes a flexible framework for the companies to work together on addressing key challenges across the energy value chain, including carbon capture, utilization, and sequestration …

Oilfield services company SBL (formerly Schlumberger) said it has received a second request for additional information from the U.S. Department of Justice in connection with its $7.75 billion acquisition of rival ChampionX. ChampionX has also received a second request, SLB said, adding that it now expects the deal to close …

Following the worldwide launch of the Reda™ PowerEdge™ energy-efficient wide-range ESPCP system at the Oman Petroleum and Energy Show, we’ve got a wealth of information to share with you on this highly efficient ESPCP system. You’ll be able to lift any API gravity oil with high gas and solids content, …

New technologies reduce emissions and improve production economics SLB introduced two advanced artificial lift systems: The Reda™ Agile™ compact wide-range electric submersible pump (ESP) system and the rodless Reda PowerEdge™ electric submersible progressing cavity pump (ESPCP) system. Their breakthrough designs deliver enhanced reliability and efficiency. Connected to digital services for …