SLB Archives - Oil & Gas 360

SLB, Azule Energy expand digital platform to optimize Angola operations

March 31, 2026

(World Oil) – SLB has signed a three-year agreement with Azule Energy to expand deployment of its Delfi digital platform across the company’s operations in Angola, aiming to improve execution efficiency and streamline upstream workflows. Azule Energy—an Angola-based joint venture between bp and Eni—is the country’s largest independent producer, operating a portfolio of complex offshore assets. The expanded agreement builds on earlier use of the Delfi platform within

SLB secures multi-year contracts to support PDO operations in Oman

January 29, 2026

(World Oil) – SLB has been awarded two five-year contracts by Petroleum Development Oman (PDO) to supply wellheads and artificial lift systems for operations in Block 6, Oman’s largest oil and gas concession. Under the agreements, SLB will provide low- and high-pressure wellheads, thermal wellhead systems, and artificial lift technologies, including electric submersible pumps (ESPs) and progressive cavity pumps (PCPs). The equipment will support

SLB North American revenue jumps after ChampionX acquisition

January 23, 2026

(Oil Price) – The acquisition of ChampionX helped the world’s biggest oilfield services provider, SLB (NYSE: SLB), raise its North America revenue by 15% in the fourth quarter versus Q3 despite the softer market in the U.S. shale industry. SLB, which completed the acquisition of chemicals and engineering oilfield services provider ChampionX in the third quarter, saw its North America revenue

ConocoPhillips to lay off Canada employees in November, company memo shows

October 24, 2025

(BOE Report)– U.S. oil company ConocoPhillips is laying off employees at its Canadian operations, according to three sources and a company memo reviewed by Reuters, as it moves to cut up to a quarter of its global workforce by next year. The memo did not specify how many layoffs would take place but said they would begin at the company’s Canadian

SLB exceeds profit expectations on strong North American demand

October 20, 2025

(Oil Price) – The world’s biggest oilfield services provider, SLB (NYSE: SLB), on Friday reported higher-than-expected earnings for the third quarter as revenue from its North American business jumped by 17% from the second quarter and by 14% from a year earlier. SLB booked adjusted earnings per share (EPS) of $0.69 for the third quarter, lower than the second quarter of 2025 and

SLB predicts industry resiliency in second half of 2025

July 21, 2025

(World Oil)– SLB, the world’s largest oil-services provider, sees resiliency in the industry and remains constructive about the second half of 2025 despite uncertainties in customer demand. “Despite pockets of activity adjustments in key markets, the industry has shown that it can operate through uncertainty without a significant drop in upstream spending,” SLB Chief Executive Officer Olivier Le Peuch said in a

SLB completes $7.8 billion ChampionX acquisition

July 16, 2025

(World Oil)– SLB has successfully completed its previously announced $7.8 billion acquisition of ChampionX. The announcement follows a period of regulatory delays amid competition concerns, with the final regulatory hurdle being cleared yesterday as UK’s Competition and Markets Authority approved the deal to move forward. The acquisition strengthens SLB’s leadership in the production and recovery space. The integration of ChampionX

SLB partners with Cactus to advance autonomous drilling solutions

June 24, 2025

(World Oil) – SLB has announced a strategic collaboration agreement with Cactus Drilling, the largest privately held land drilling contractor in the U.S., to expand the adoption of automated and autonomous drilling solutions. The collaboration aims to deliver optimized performance through enhanced operational efficiency and consistency in execution by scaling advanced digital solutions. Under the agreement, Cactus will build on its

SLB wraps up oilfield services quarter with profit miss, cautious outlook

April 25, 2025

(Reuters) – Top oilfield services provider SLB missed estimates for first-quarter profit on Friday, as weaker Latin American demand dragged on its international business, and the company warned of a potential industry-wide shift due to economic uncertainty, volatile oil prices and rising tariff risks. Shares of the company fell nearly 2% in premarket trading following results. SLB’s report rounds out

Oilfield services company SLB reorganizes, expects more job cuts, source says

February 11, 2025

(BOE Report) – Top oilfield services provider SLB is reorganizing certain functions within its business and continuing to reduce its workforce, according to a source familiar with the matter and an internal email seen by Reuters. As part of its reorganization, SLB will create a new performance function, led by a new chief performance officer, it said in an internal

SLB awarded multi-region contracts by Shell to deploy AI-enhanced deepwater drilling

January 9, 2025

(World Oil) – SLB has been awarded a series of major drilling contracts by Shell to support capital-efficient energy development across its deep- and ultra-deepwater assets in the UK North Sea, Trinidad and Tobago, the Gulf of Mexico and others. The projects, which will be delivered over a three-year timeframe, will combine SLB’s AI-enabled digital drilling capabilities with its expertise in

SLB launches autonomous geosteering to improve drilling performance, well placement

December 9, 2024

(World Oil) – SLB has announced the launch of Neuro™ autonomous geosteering, a tool designed to dynamically responds to subsurface complexities to drill more efficient, higher-performing wells, while reducing the carbon footprint of the drilling operations. Using AI, Neuro geosteering integrates and interprets complex real-time subsurface information to autonomously guide the drill bit through the most productive layer of the

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