Schlumberger JV Lands Carbon Capture Deal In Oslo, Norway: Details SLB Capturi wins contract to deliver carbon capture solution for Hafslund Celsio. Plans to capture 350,000 tons yearly and reduce emissions.
Halliburton Analysts Trim Forecasts After Softer 2025 Guidance Several analysts lowered price target for Halliburton (HAL) mixed Q4 results and weak guidance. Stifel, Goldman Sachs, Piper Sandler revised estimates.
Bull Case for Transocean Stock: 100% Upside Could Be Within Reach After Goldman Sachs released its 2025 macro outlook report, a lot of traders started picking up on the new upside potential in oil names.
Shell Awards Schlumberger Three-Year, Multi-Region Deepwater Contracts: Details Schlumberger secured major contracts from Shell for energy development in various locations, leveraging its AI and ultra-deepwater expertise.
Oil Prices Spike By Over 3% As OPEC+ Delays Production Increases Ahead Of US Elections: 5 Energy ETFs To Watch Monday The Biden-Harris administration has imposed extensive sanctions on Russia; a second Trump administration would likely nix those sanctions.
BP Faces Price Forecast Cuts As Analysts Flag Weak Earnings And Rising Debt Challenges Analysts lower price target for BP after Q3 results show revenue miss and production decline. Focus on deleveraging over growth.
Schlumberger's OneSubsea Lands Key Contract With BP To Power Deepwater Kaskida Project: Details SLB joint venture won a contract from BP for a subsea boosting system as part of the greenfield development of the Kaskida project in the deepwater U.S.
Israeli Military, With Help Of US Intelligence, 'Relentlessly Pursued' Deceased Hamas Leader Israeli military identified the body of Sinwar, a top Hamas leader, using dental records and fingerprints, which matched those on file.
Oil Prices Rally: Biden Confirms US 'Discussions' With Israel About Striking Iran Facilities Iran, the seventh-largest oil producer in the world, backs Hezbollah. It also exports around half its production abroad, mostly to China.
SLB, ADNOC Drilling, Patterson-UTI Join Forces To Accelerate UAE's Unconventional Oil Program Schlumberger N.V. and ADNOC Drilling form JV with Patterson-UTI Energy to accelerate UAE's unconventional oil and gas program, targeting 144 wells by 2025.
Energy Gets AI Boost: Schlumberger's Lumi Platform To Power Next-Gen Digital Transformation SLB's Lumi data and AI platform, integrating advanced AI, is set to revolutionize data access and decision-making across the energy value chain.
Schlumberger's Breakthrough In Lithium Production: Details SLB successfully demonstrates sustainable lithium production at scale in Nevada plant, using 10% of land and minimizing water use.
Baker Hughes Says US Oil And Gas Rig Count Declines For Second Week: Report Baker Hughes Company reported a decrease in oil and gas rigs for the second consecutive week, due to lower prices and rising costs.
Oil Prices Rally As Middle East Tensions Rise, Libya Warns Of Potential Production Halt: 10 Energy Stocks On The Move Monday Oil futures spiked as WTI rose 3% to over $77/barrel, driven by geopolitical tensions in the Middle East and supply disruptions in Libya.
Halliburton's North Houston Campus Affected by Cyberattack: Report Halliburton reportedly hit by cyberattack on north Houston campus and global networks. Company working with experts to resolve issue.
Halliburton's Q2 Revenue Miss Highlights Challenges In US Market, Despite International Gains Halliburton reported Q2 revenue of $5.833B, lower than the consensus of $5.949B. The company reported an EPS of $0.80, in line with consensus.
DOJ Asks More Questions About Schlumberger-ChampionX Merger: Details SLB and CHX received second request from US Department of Justice for acquisition. Transaction expected to conclude late 2024 or early 2025.
Schlumberger Lands Electric Subsea Project With Equinor In Norway: Details Schlumberger and Equinor shares rise after SLB wins Subsea Production Systems contract from Equinor for offshore Norway project.
OPEC+ Likely To Extend Production Cuts Amid Rising Summer Demand: Report The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, are expected to extend their current production cuts this weekend, as per delegates and analysts.
Patterson-UTI Drills Into Middle East With ADNOC Partnership Patterson-UTI subsidiary inks term sheet with ADNOC Drilling for minority equity interest in newly formed Turnwell Industries.
ChampionX, Schlumberger Shares Move In Opposite Directions After $8B Deal Announcement The transaction is projected to close before 2024, subject to shareholder and regulatory approval.
Stocks Inch Higher, Tesla Rebounds, Bitcoin Holds Below $70,000: What's Driving Markets Tuesday? Wall Street is set to break a two-day losing streak on Tuesday, as major indices trended positively during midday trading in New York. The S&P 500 saw a modest uptick of 0.3% for the day, with the Dow Jones Industrial Average, the Nasdaq 100 and the Russell 2000 experiencing a 0.2% surge.
