SLB (SLB) , a global technology company in the United States, announced an accord with ADNOC Drilling Co. and Patterson-UTI (PTEN) to create Turnwell Industries LLC OPC, a Joint Venture (JV), to expedite the UAE's unconventional oil and gas program.The three partners look forward to innovations in artificial intelligence, smart drilling design, enhanced completions engineering and better production solutions as a result of this JV.SLB’s Strategic JV: Driving Unconventional Drilling ProgramThe prime focus of ...

At the 2024 SLB Digital Forum in Monaco, SLB (SLB) announced an extended partnership with Amazon Web Services (“AWS”), an Amazon.com, Inc. (AMZN) company, to expand access to its Delfi digital platform and explore new pathways to deploy low-carbon technologies in the energy industry. The strategic collaboration promises to further digital transformation efforts within the sector while aligning with broader environmental goals.During the Plenary Keynote at the event, AWS CEO Matt Garman shared details of the ...

SLB (SLB) has entered into an agreement with UAE-based oil giant Saudi Aramco to work on developing digital solutions aimed at reducing greenhouse gas (GHG) emissions. The companies will commercialize these digital solutions and implement them to curb GHG emissions from industrial sectors.Their plan is to consolidate these solutions into SLB’s digital sustainability platform, as part of the collaboration announced in 2022. SLB’s digital sustainability platform allows industrial companies to easily measure, ...

SLB (SLB) is currently considered expensive on a relative basis, with the stock trading at an 8.26x trailing 12-month Enterprise Value to Earnings Before Interest, Taxes, Depreciation and Amortization (EV/EBITDA), which is at a premium compared with the broader industry average of 6.92x. A premium valuation generally indicates that the market has strong confidence in the company’s prospects. However, this necessitates scrutiny to determine if this higher price is warranted. Image Source: Zacks Investment Re ...

SLB (SLB) is deepening its collaboration with NVIDIA to develop cutting-edge generative AI solutions tailored for the energy industry.This partnership, building on years of collaboration, aims to accelerate the deployment of industry-specific AI models across SLB's digital platforms. These platforms, including Delfi and Lumi, will enhance the way energy professionals interact with data.At the heart of this initiative is NVIDIA NeMo, a key component of the NVIDIA AI Enterprise software platform. By leveragin ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are t ...

SLB (SLB) , an American oilfield services company, has introduced its Lumi data and AI platform, a cutting-edge solution designed to integrate advanced AI capabilities across the energy sector.Unveiled at the SLB Digital Forum in Monaco, the Lumi platform is aimed at revolutionizing data management, improving decision-making skills and boosting operational efficiency within the energy value chain.SLB's Lumi Platform Enhances Cross-Domain CollaborationThe Lumi platform addresses the complexity of the energy ...

Schlumberger (NYSE: SLB ) is well positioned for strong growth and margin expansion in e2h24 as high-quality backlog turns to revenue. Despite the softer oil market, SLB is realizing strength in Digital & Integration, gas, and LNG internationally. With domestic land rigMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range from O&G, O ...

SLB (SLB) , an American oilfield services company, through its OneSubsea joint venture (JV), has teamed up with C-Power and Subsea7 S.A. (SUBCY) to explore innovative ocean energy solutions. The focus of this partnership is to develop a low-cost, low-carbon power source for subsea applications.SLB OneSubsea's Integrated SolutionSLB OneSubsea, the JV backed by SLB, Aker Solutions and Subsea7, will provide an integrated subsea system, including electric actuation and wireless telemetry, to support the 18-mont ...

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