SLB in the news

Invictus Energy secured SLB for drilling and well services for its Musuma-1 exploration well in Zimbabwe, aiming for a November 2026 drilling start.

SLB OneSubsea will supply controls umbilicals for the Agogo FPSO, aiding Azule Energy in transitioning production and reducing emissions.

SLB is launching a large 3D seismic survey in Brazil's Equatorial Margin to build a shared subsurface data library for future offshore exploration.

California State Teachers Retirement System boosted its stake in SLB Limited to $6.75 billion, as the oil and gas company reported strong quarterly earnings and analyst price target increases.

SLB and Shearwater launched a 3D seismic survey offshore Amapá, Brazil, to gather subsurface data for exploration and licensing.

UBS raised SLB's price target to $72 from $66 while keeping a Buy rating, based on multiple financial analyses.

Shearwater Geoservices and SLB have launched a 3D seismic survey in Brazil's Equatorial Margin to enhance subsurface imaging and exploration data for future licensing and investment decisions.

Shearwater and SLB launched a 3D seismic survey in Brazil's Equatorial Margin to explore for hydrocarbons after a recent discovery in the area.

Azule Energy successfully implemented digital well planning and rig automation, significantly improving drilling efficiency and accuracy.

SLB will expand its operations and investments in Libya, reaffirming its commitment as a strategic partner to the National Oil Corporation.

SLB and Shearwater launched a 3D seismic survey offshore Brazil to provide critical subsurface data and improve geological understanding in an underexplored area.

SLB and Shearwater launched a 3D seismic survey offshore Brazil to improve subsurface understanding and exploration in the Equatorial Margin.

SLB's operations in oilfield services, digital energy tools, and well technology remain central amid elevated crude prices and market closures, with focus on company-specific factors over broad sector trends.

SLB is acquiring Kelvion for $4.1 billion to expand its data center thermal management and heat exchange capabilities, capitalizing on the AI boom.

SLB focuses on developing local talent and capabilities in Namibia's energy sector, drawing on global experience to foster sustainable growth and prepare the next generation.

SLB is acquiring Kelvion for $4.1 billion to enhance its data center thermal management capabilities and diversify its revenue streams beyond oilfield services.

SLB surpassed second-quarter profit forecasts, driven by strong North American performance, despite setbacks in the Middle East due to ongoing conflict.

SLB signed a contract with Venezuela's PDVSA to access and modernize its oilfield data and exploration systems, following a ransomware attack.

SLB is acquiring thermal-management specialist Kelvion for $3.4 billion, betting on the data-center cooling market with significant growth and synergy targets.

SLB's stock is downgraded to hold after a 60% rally, with high valuation and risks in its growth strategy.