News Articles

Schlumberger Expands Global AI Innovation Network with Opening of Artificial Intelligence Center in Europe HOUSTON -Saturday 30 April 2022

(BUSINESS WIRE) -- Schlumberger today announced it has expanded its global INNOVATION FACTORI network with the inauguration of a new center in Oslo, Norway. “At INNOVATION FACTORI, customer teams will benefit from an agile, collaborative development approach with our domain and data science...

Schlumberger Announces First-Quarter 2022 Results and Dividend Increase -Thursday 28 April 2022

Revenue of $6.0 billion increased 14% year-on-year GAAP EPS of $0.36 increased 71% year-on-year EPS, excluding charges and credits, of $0.34 increased 62% year-on-year Cash flow from operations was $131 million, reflecting the seasonal increase in working...

Schlumberger Announces First-Quarter 2022 Results Conference Call -Monday 21 March 2022

(BUSINESS WIRE) -- Schlumberger Limited (NYSE:SLB) will hold a conference call on April 22, 2022 to discuss the results for the first quarter ending March 31, 2022. 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...

Schlumberger Announces Update on Russia Operations -Saturday 19 March 2022

(BUSINESS WIRE) -- Schlumberger today provided the following update with regard to its operations in Russia: “We have watched with immense concern as the conflict in Ukraine has escalated,” said Chief Executive Officer Olivier Le Peuch. “First and foremost, we are deeply focused on the...

Saudi Aramco Awards Schlumberger Gas Drilling Project -Tuesday 15 March 2022

(BUSINESS WIRE) -- Schlumberger announced today a major contract award by Saudi Aramco for integrated drilling and well construction services in a gas drilling project. The integrated project scope encompasses drilling rigs and technologies and services, including drill bits, measurement...

Schlumberger Expands Global AI Innovation Network with Opening of INNOVATION FACTORI in Houston -Thursday 10 March 2022

(BUSINESS WIRE) -- Schlumberger today expanded its successful INNOVATION FACTORI network with the opening of a new center in Houston, Texas. INNOVATION FACTORI enables customers to accelerate the development and deployment of enterprise-scale AI and digital solutions, in the context of their...

Schlumberger Launches Dedicated Business to Eliminate Oil and Gas Industry’s Methane and Routine Flare Emissions -Wednesday 9 March 2022

(BUSINESS WIRE) -- Schlumberger announced today the launch of Schlumberger End-to-end Emissions Solutions (SEES). The business offers a comprehensive set of services and cutting-edge technologies designed to give operators a robust and scalable solution for measuring, monitoring, reporting and,...

Schlumberger Awarded Extensive Service Contract for Tilenga Onshore Oil Development in Uganda by TotalEnergies -Tuesday 8 March 2022

(BUSINESS WIRE) -- Schlumberger announced today that it has been awarded an extensive contract for drilling, completions and production services by TotalEnergies for its Tilenga onshore oil development in Uganda. The scope of the contract includes the provision of directional drilling...

Schlumberger Announces Deployment of Reservoir Engineering Digital Solutions for Global Customer -Monday 7 March 2022

(BUSINESS WIRE) -- Schlumberger today announced an enterprise-wide deployment of the cloud-based DELFI* cognitive E&P environment for ConocoPhillips. ConocoPhillips will use Schlumberger digital solutions enabled by the DELFI environment to bring its reservoir engineering modeling, data and...

Schlumberger Announces Fourth-Quarter and Full-Year 2021 Results -Monday 31 January 2022

Fourth-quarter revenue of $6.22 billion increased 6% sequentially and 13% year-on-year Fourth-quarter GAAP EPS of $0.42 increased 8% sequentially and 56% year-on-year Fourth-quarter EPS, excluding charges and credits, of $0.41 increased 14% sequentially and 86%...

Schlumberger DELFI Digital Platform Selected by Northern Lights JV for CO2 Project -Saturday 29 January 2022

(BUSINESS WIRE) -- Schlumberger will deploy the DELFI* cognitive E&P environment on the Norwegian CO2 project by the Northern Lights Joint Venture (NL), to streamline subsurface workflows and longer-term modeling and surveillance of CO2 sequestration. NL was established to develop the...

Schlumberger Announces Fourth-Quarter 2021 and Full-Year 2021 Results Conference Call -Thursday 23 December 2021

(BUSINESS WIRE)-- Schlumberger Limited (NYSE:SLB) will hold a conference call on January 21, 2022 to discuss the results for the fourth quarter and full year ending December 31, 2021. The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the...

Schlumberger Announces Redemption of 100% of Outstanding 2.40% Senior Notes Due 2022 -Thursday 2 December 2021

(BUSINESS WIRE)-- As part of its ongoing commitment to debt reduction, Schlumberger Limited (“Schlumberger”) today announced that Schlumberger Investment SA, an indirect wholly-owned subsidiary of Schlumberger (“SISA”), will redeem the entire outstanding principal amount of its 2.40%...

Genvia, a Schlumberger Joint Venture in Clean Hydrogen Technology, Signs Pilot Project Agreements in Steel and Cement,... -Sunday 21 November 2021

(BUSINESS WIRE)-- Schlumberger New Energy, the CEA and partners have announced the signature of pilot project agreements between Genvia and critical-industry leaders on the pathway to net zero in the cement and steel industries. Through these agreements, Genvia will scale up the next generation...

Schlumberger Announces Third-Quarter 2021 Results -Tuesday 2 November 2021

Global revenue of $5.85 billion increased 4% sequentially and 11% year-on-year International revenue was $4.68 billion and North America revenue was $1.13 billion GAAP EPS, including charges and credits, was $0.39 and increased 30% sequentially EPS, excluding charges and credits, was...

TP Awards Schlumberger Sakarya Offshore Gas Field Phase-1 Contract -Saturday 16 October 2021

(BUSINESS WIRE)-- Schlumberger announced today a significant contract award by Turkish Petroleum (TP) for the engineering, procurement, construction and installation (EPCI) of end-to-end production solutions for the Sakarya gas field, Turkey’s largest gas reserve. The contract is awarded to...

Schlumberger and AVEVA Announce Agreement to Advance Digital Solutions for Oil & Gas Production Operations -Tuesday 5 October 2021

(BUSINESS WIRE)-- Schlumberger and AVEVA today announced an agreement to integrate edge, AI and cloud digital solutions to help operators optimize oil and gas production. The companies will work together to streamline how energy operators acquire, process and action field data for enhanced...

Schlumberger Announces Third-Quarter 2021 Results Conference Call -Saturday 25 September 2021

(BUSINESS WIRE)-- Schlumberger Limited (NYSE:SLB) will hold a conference call on October 22, 2021 to discuss the results for the third quarter ending September 30, 2021. The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be...

Schlumberger New Energy Enters into Agreement with EnerVenue for Metal-Hydrogen Stationary Energy Storage Solutions -Saturday 11 September 2021

(BUSINESS WIRE)-- Schlumberger New Energy announced today an investment and collaboration agreement to deploy EnerVenue’s uniquely differentiated nickel-hydrogen battery technology, which is a key enabler of stationary energy storage solutions. Schlumberger New Energy and EnerVenue will...

Schlumberger Announces Second-Quarter 2021 Results -Tuesday 27 July 2021

Global revenue of $5.6 billion increased 8% sequentially International revenue was $4.5 billion and North America revenue was $1.1 billion EPS of $0.30 increased 43% sequentially Cash flow from operations was $1.2 billion and free cash flow was $869 million Board approved quarterly...