Schlumberger Ltd.

SLB today announced that it is reaffirming its full-year 2024 financial guidance. "We acknowledge the decision by Saudi Aramco to maintain its Maximum Sustainable Capacity at 12 million barrels per day , and not to continue increasing MSC to 13 MMBD," said SLB Chief Executive Officer Olivier Le Peuch. "We continue to work very closely with Saudi Aramco, and our understanding is that all ongoing oil and gas projects remain [...]

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 [...]

SLB today announced results for the fourth-quarter and full-year 2023. Fourth-Quarter Results Three Months Ended Change Dec. 31, 2023 Sept. 30, 2023 Dec. 31, 2022 Sequential Year-on-year Revenue $8,990 $8,310 $7,879 8% 14% Income before taxes - GAAP basis $1,433 $1,395 $1,347 3% 6% Income before taxes margin - GAAP basis 15.9% 16.8% 17.1% -85 bps -116 bps Net income attributable to SLB - GAAP basis $1,113 $1,123 $1,065 [...]

SLB and Nabors Industries today announced a collaboration to scale the adoption of automated drilling solutions for oil and gas operators and drilling contractors. The agreement will enable customers to seamlessly integrate the companies' drilling automation applications and rig operating systems to deliver improved well construction performance and efficiency. This press release features multimedia. View the full release [...]

SLB today announced an investment and technology partnership agreement with Geminus AI that will give SLB exclusive access to deploy the first physics-informed artificial intelligence model builder for oil and gas operations. The Geminus model builder fuses physics-based approaches with process data to produce highly accurate AI models that can be deployed at scale, far faster and at much less cost than traditional AI [...]

SLB will hold a conference call on January 19, 2024 to discuss the results for the fourth quarter and full year ending December 31, 2023. The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. To access the conference call, listeners should contact the Conference Call Operator at +1 721-7241 within North America or +1 [...]

SLB and Northern Lights Joint Venture announced today they have signed a memorandum of understanding with Microsoft to optimize integrated cloud-based workflows for the operation of Northern Lights, one of the first CO2 transport and storage providers for cross-border carbon capture and storage . The collaboration will contribute to the development of scalable and cost-efficient digital solutions for the emerging CCS [...]

SLB announced today that its End-to-end Emissions Solutions business has been selected by integrated energy company Eni to deliver comprehensive fugitive methane emissions measurement and reporting plans for Eni's global operating facilities. The project, which is already in progress, aligns with the reporting standards of the Oil & Gas Methane Partnership 2.0 -the flagship methane reporting and mitigation program of the [...]

SLB today announced results for the third-quarter 2023. Third-Quarter Results Three Months Ended Change Sept. 30, 2023 Jun. 30, 2023 Sept. 30, 2022 Sequential Year-on-year Revenue $8,310 $8,099 $7,477 3% 11% Income before taxes - GAAP basis $1,395 $1,293 $1,134 8% 23% Income before taxes margin - GAAP basis 16.8% 16.0% 15.2% 82 bps 161 bps Net income attributable to SLB - GAAP basis $1,123 $1,033 $907 9% 24% Diluted EPS [...]

SLB's End-to-end Emissions Solutions business today introduced its next generation methane point instrument, a self-installed continuous methane monitoring system that uses IoT-enabled sensors to quickly and cost effectively detect, locate and quantify emissions across oil and gas operations. Effective monitoring is essential to reduce emissions of methane, a greenhouse gas which has a climate change impact up to 84 times [...]