SLB and Velesto partner to enhance rig performance and reduce emissions with advanced digital tools, marking a three-year collaboration to boost drilling efficiency.
In the latest trading session, Schlumberger (SLB) closed at $45.46, marking a +1.27% move from the previous day.
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Zacks.com users have recently been watching Schlumberger (SLB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
SLB is set to create Turnwell Industries, along with ADNOC and Patterson-UTI, to advance the UAE's unconventional oil and gas program.
Schlumberger (SLB) concluded the recent trading session at $42.98, signifying a +0.19% move from its prior day's close.
The partnership is likely to enable SLB's industry-leading subsurface software, Petrel, and wellbore software, Techlog, to be accessible on AWS, starting in 2024.
The energy industry has come into the spotlight recently as crude oil and natural gas prices have retreated. Most oil stocks have pulled back as investors have embraced the new normal of lower prices as demand concerns have remained.
SLB and Aramco are working to develop digital solutions aimed at reducing greenhouse gas emissions. The idea is to consolidate these solutions into SLB's digital sustainability platform.
SLB's strong fundamentals drive premium valuations with high growth expectations, but there remains some uncertainty.
SLB partners with NVIDIA to develop AI solutions for the energy sector, enhancing exploration, production, data management, and sustainable energy initiatives.
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