StockNYSE · US · USDEnergy · Oil & Gas Equipment & Services
$SLB
SLB LIMITED/NV
SLB is a global technology company serving national oil companies, large integrated oil companies, and independent operators. It provides energy technology, digital products and services, and equipment and services for oil and gas exploration, drilling, production, and recovery, as well as offerings in carbon management, carbon capture, geothermal energy, and other new energy systems. Its four divisions are Digital, Reservoir Performance, Well Construction, and Production Systems. Digital offerings include cloud platforms and applications, digital operations, licensed exploration data, and consulting and transformation services. The other divisions provide reservoir evaluation and intervention, well design and construction, and production equipment and services. SLB also has businesses in integrated field production projects, data center infrastructure, and carbon capture. It earns money through sales and licensing of products and software, subscriptions, and services. SLB operates in more than 100 countries and has executive offices in Paris, Houston, and The Hague.
SLB OneSubsea, a joint venture between SLB, Aker Solutions, and Subsea7, has been chosen by Aker BP to supply subsea systems and services for the Lyra field in Norway. The project aims for fast-track development, with first oil targeted for 2028. The companies highlight reduced complexity and improved efficiency as key benefits. Aker BP and SLB OneSubsea have collaborated for nearly a decade, shaping the Lyra project's strategy together.
SLB’s OneSubsea joint venture won a contract from Aker BP to supply subsea production systems for the Lyra oilfield in the Norwegian North Sea. The project aims to produce 37m barrels of oil equivalent, with first oil expected in early 2028. Aker BP holds a 45% stake, DNO 40%, and Concedo 15%. Development costs are estimated at $20-$25 per barrel.
SLB's OneSubsea joint venture secured a contract from Aker BP to supply subsea production systems for the Lyra field development in Norway. The project will use standardized technology to expedite production. SLB (NYSE: SLB) and Aker BP highlight the collaboration's efficiency in fast-tracking field development.
via TradingView
SLB sentiment & insider activity
Over the past 7 days, AlphAI's AI scored 16 news stories mentioning SLB (SLB LIMITED/NV). Coverage has skewed bullish: 10 bullish, 4 neutral, and 2 bearish.
Recent SLB coverage spans financial news, sector analysis and technology.
In the last 30 days, SLB insiders filed 4 SEC Form 4 transactions — no purchases and 4 sales ($4.3M). The most active reporter was Le Peuch Olivier, Chief Executive Officer, with 2 filings. 50% of those filings were made under pre-arranged Rule 10b5-1 plans.
What's driving SLB
The contract adds a new offshore project to SLB's order book, potentially boosting revenue and market sentiment.
AlphAI scores every news story that mentions SLB with an AI model for sentiment and relevance, and aggregates insider trades from SLB LIMITED/NV's SEC EDGAR Form 4 filings. Figures refresh continuously.
SLB OneSubsea, a joint venture between SLB, Aker Solutions, and Subsea7, has been chosen by Aker BP to supply subsea systems and services for the Lyra field in Norway. The project aims for fast-track development, with first oil targeted for 2028. The companies highlight reduced complexity and improved efficiency as key benefits. Aker BP and SLB OneSubsea have collaborated for nearly a decade, shaping the Lyra project's strategy together.
SLB’s OneSubsea joint venture won a contract from Aker BP to supply subsea production systems for the Lyra oilfield in the Norwegian North Sea. The project aims to produce 37m barrels of oil equivalent, with first oil expected in early 2028. Aker BP holds a 45% stake, DNO 40%, and Concedo 15%. Development costs are estimated at $20-$25 per barrel.
SLB's OneSubsea joint venture secured a contract from Aker BP to supply subsea production systems for the Lyra field development in Norway. The project will use standardized technology to expedite production. SLB (NYSE: SLB) and Aker BP highlight the collaboration's efficiency in fast-tracking field development.
Crescent Petroleum has contracted SLB for a three-year deal to deploy digital field development planning, marking the first commercial use of SLB's FDPlan solution in the Middle East and North Africa. The agreement builds on Crescent's existing use of SLB's Delfi digital platform, which has already reduced reservoir simulation times and increased efficiency. FDPlan integrates subsurface, wells, facilities, production, cost, and economics workflows to support informed investment decisions.
ADIPEC 2026 in Abu Dhabi focuses on energy security, AI, and investment, with 2,250 exhibitors and 239,000 visitors. Key themes include AI in energy operations, LNG, and low-carbon tech. Companies like BP, Siemens, and ADNOC announced deals, including a 5-year LNG supply agreement. Nigeria's oil production increased by 600,000 barrels per day. The event emphasizes downstream industries and investment opportunities in the Middle East's energy sector.
SLB (NYSE: SLB) launched its ChampionX™ nano-enabled chemical technology portfolio, including Extended Release™, which extends treatment life and reduces intervention frequency in oil and gas production. The technology has shown over twice the treatment life of conventional methods in offshore applications, aiming to lower operating costs and maintain production continuity. SLB plans to expand the portfolio for production optimization, flow assurance, and enhanced recovery.
Oilfield services firms face tripled logistics costs in the Middle East due to the Iran war, with fuel and labor expenses rising significantly. Executives from Maire, Saipem, and NESR reported increased operational challenges and reduced margins. SLB and Baker Hughes reported mixed earnings, with Middle East revenue affected by the conflict. Higher oil prices may offset some costs, but passing expenses to customers remains uncertain.
Le Peuch Olivier (Chief Executive Officer) sold 25,000 shares of SLB LIMITED/NV (SLB) at $52.90 ($1.32M total) on 2026-11-02 under a Rule 10b5-1 trading plan.
The S&P 500 energy index dropped 2.1% as crude oil prices fell 6.2% (Brent) and 6.5% (WTI) due to Middle East peace talks. Energy companies like ExxonMobil (XOM) and Chevron (CVX) declined 2.4% and 2%, respectively. Other energy stocks also saw losses, with Valero Energy (VLO) down 3.9% and Halliburton (HAL) down 2.5%.
SLB reported a 5.8% year-on-year increase in third-quarter revenue, reaching $9.45 billion. The company's performance is detailed in the latest earnings report, according to the article.
