Equinor Awards North Sea Subsea Contract to SLB OneSubsea

Core Insights - Schlumberger Limited (NYSE:SLB) is recognized as a strong dividend stock, with a recent contract win for its joint venture OneSubsea from Equinor for a subsea project in Norway [1] - The project involves the design, supply, and construction of a 12-well subsea system, marking a significant advancement in subsea technology [2][3] Project Details - OneSubsea has completed the design and investment choice after a year of planning with Equinor, which includes delivering four subsea structures and 12 fully electric subsea trees [2] - The Fram Sør project is noted as an industry breakthrough, being the first full-scale all-electric subsea production system, aimed at reducing emissions by utilizing onshore Norwegian power [3] Company Overview - SLB OneSubsea is a joint venture between Schlumberger Limited, Aker Solutions, and Subsea7, with headquarters in Oslo and Houston, employing around 10,000 staff globally [4]