SLB | Egypt Oil & Gas
SLB to Acquire Kelvion for $4.1 Bn, Enters Data Centers
SLB has agreed to acquire thermal management and heat exchange technology provider Kelvion for approximately $4.1 billion, including $3.4 billion in cash and the assumption of about $700 million in debt, as the oilfie...
SLB, Formentera Plan to Reactivate Oil Rigs in Venezuela
Global technology company SLB and private equity firm Formentera Partners are working to reactivate oil drilling rigs in Venezuela or potentially bring additional rigs into the country in the coming months, executives...
ADNOC, SLB Deploy AI Across 120+ Drilling Rigs
UAE’s ADNOC, a leading diversified energy group, has deployed an artificial intelligence (AI)-enabled Real-Time Operations Center (RTOC) across its fleet of more than 120 onshore and offshore drilling rigs in co...
SLB Q2 Revenue Rises 5% YoY on ChampionX Deal
SLB reported second-quarter (Q2) 2026 revenues of $8.97 billion, up 5% year-on-year (YoY) from Q2 2025, driven largely by the ChampionX acquisition, which contributed $865 million of revenue to Production Systems. How...
Badawi Explores AI Adoption with SLB to Boost Oil Production
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Sherif Bayoumy, Managing Director of SLB (formerly Schlumberger) for Egypt and the Eastern Mediterranean, and Basil Abdel Wahab, SLB Vice President o...
SLB and Baker Hughes Anticipate Production Capacity Expansion to Mitigate Energy Crisis
Leading oilfield services providers SLB and Baker Hughes expect a rise in global spending on oil exploration and production, as supply disruptions linked to the Middle East conflict underscore the need for greater inv...
Egypt Partners with Global Oil Majors to Double Production in Five Years
Minister of Petroleum and Mineral Resources Karim Badawi held high-level talks with senior executives from SLB, Baker Hughes, Weatherford, Halliburton, National Energy Services Reunited Corporation (NESR), and EXPRO i...
KOC awards SLB $1.5 Bn Mutriba field contract
Kuwait Oil Company (KOC) has awarded the global oilfield services firm, SLB, a five-year integrated contract worth about $1.5 billion for the next phase of development at Kuwait’s Mutriba oil field, SLB reported. The ...
