12 articles
U.S. firms are shipping pre-owned oilfield equipment to Venezuela following eased sanctions to revive production, involving majors like Chevron and SLB. However, concerns remain regarding the reliabil
SLB signed a contract with Venezuela's PDVSA to modernize oilfield data using AI and digitization after years of neglect. The agreement aims to restore reliable statistics despite U.S. sanctions and p
SLB and Formentera Partners plan to reactivate up to 15 oil rigs in Venezuela to increase crude production capacity. Executives cite potential growth despite ongoing regulatory and infrastructure chal
Venezuela signed contracts with SLB and Hunt Oil to boost crude production and attract investment, including a framework agreement for reservoir studies.
SLB anticipates a prolonged recovery in Middle East oil production due to US-Iran conflict, prompting clients to diversify investments into deepwater drilling and exploration projects globally.
SLB beat Q2 profit estimates with 55 cents per share, driven by a 36% North American revenue surge. Total revenue reached $8.97 billion, offsetting Middle East losses linked to ongoing regional confli
SLB and Liberty Energy are partnering to provide modular parts and natural gas-fired power for global data centers, targeting combined capacity exceeding 5 gigawatts by 2029 amidst the AI infrastructu
Oilfield service worker wages hit a record $38.01 per hour in May as Iran conflict-driven crude price spikes spurred increased drilling activity. Demand surged among major contractors like SLB and Hal
Norwegian oil service workers from the Safe union initiated a strike over failed wage talks, while the larger Styrke union reached an agreement. Affected companies include Halliburton and SLB, though
SLB signed a long-term agreement with Venezuela's PDVSA to modernize the oil and gas sector using AI and digital transformation. The deal aims to improve efficiency and rebuild production capacity aft
SLB and Baker Hughes forecast rising oil exploration spending due to Middle East supply disruptions, despite recent regional revenue declines. Analysts predict substantial demand for infrastructure re
SLB secured a $1.5 billion, five-year contract with Kuwait Oil Company for Mutriba oilfield development, providing integrated design and production management services for complex reservoir conditions
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