$SLB

SLB's OneSubsea completed a joint project with energy companies to advance all-electric subsea production tech for deepwater fields. The project, supported by Brazil's ANP, qualified electric components for depths up to 3,000 meters, integrating subsea equipment, well tech, and digital systems. Participants included TotalEnergies, Equinor, bp, and Chevron. The tech aims to simplify infrastructure and improve monitoring, with potential commercial deployment in Equinor's Fram Sør project.

TGS and SLB launched the second phase of their Pelotas Sul 3D seismic survey in Brazil, covering 11,200 sq km. Data acquisition begins in October 2026, finishing in Q2 or Q3 2027. The project expands coverage in the Pelotas Basin, targeting underexplored geological plays and future licensing opportunities, according to TGS.

SLB and BP have agreed to process seismic data for the Karabakh field in the Caspian Sea. BP, which operates the field, plans a final investment decision by mid-2027. The field has estimated recoverable reserves of 21 million tons of oil and 13 billion cubic meters of gas.

SLB's Retina™ at-bit imaging system has been deployed in over 50 wells across 18 locations in its first year, providing high-resolution subsurface data to support drilling and development decisions. The system, which operates in various geological settings, has demonstrated success in identifying geological features and reducing subsurface uncertainty. SLB plans to expand Retina's capabilities and received a 2026 OTC Spotlight on New Technology® Award.

Barclays maintained an 'Overweight' rating for SLB but lowered its price target from $67.00 to $66.00. GuruFocus values SLB at $45.68, suggesting a 4.0% overvaluation. The company has a GF Score of 80/100, with strengths in profitability and valuation but challenges in financial strength and growth. 19 gurus hold SLB, with mixed activity.

Chevron has joined a long-term digital subsurface collaboration with SLB and TotalEnergies, established in 2024. The partnership, called Arena, aims to co-develop digital technologies for reservoir engineering and geoscience. Chevron will contribute financially, intellectual property, and technical expertise. SLB and TotalEnergies expect the collaboration to shorten feedback loops and enhance technology development.

Egypt and SLB (SLB) discussed expanding their partnership to use AI and digital technologies to boost oil and gas production. They reviewed progress on a seismic survey project and plans to share data. SLB reported Q2 2026 revenue of $8.97B, up 5% YoY. Egypt aims to improve exploration and operational efficiency, while SLB broadens its digital tech business.

SLB and South African National Petroleum Company (SANPC) signed an agreement at African Energy Week 2026 to accelerate digital transformation in South Africa's energy sector. The deal focuses on building capabilities and advancing technology transfer. Key executives from both companies attended the signing.

Oil and gas companies SLB, TotalEnergies, BP, and Shell are collaborating with NVIDIA to integrate AI and advanced computing into their operations. These partnerships aim to improve exploration, production planning, and cost efficiency. SLB and NVIDIA plan to develop AI tools for energy operations, while TotalEnergies is building a supercomputer for faster data processing. BP and Shell are using NVIDIA's technology for subsurface analysis and reservoir modeling, respectively.

SLB (NYSE: SLB) opened a new fluids systems plant in Pemba, Mozambique, with 21,000-barrel capacity. The facility supports offshore energy development and marks 70 years of SLB's operations in the country. The investment aims to strengthen local infrastructure and capabilities, creating jobs and enhancing operational flexibility for multiple customers.