SLB | Egypt Oil & Gas

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 oi ...

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, execut ...

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 coll ...

SLB Q2 Revenue Rises 5% YoY on ChampionX Deal

SLB reported second-quarter 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. Howe ...

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 Preside ...

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 ...

Egypt Partners with Global Oil Majors to Double Production in Five Years

Minister of Petroleum and Mineral Resources Karim Badawi has held high-level talks with senior executives from SLB, Baker Hughes, Weatherford, Halliburton, National Energy Services Reunited Corporation (NESR), and ...

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. The contract c ...

SLB Records Revenue of $9.5 Bn in Q4 2025, Increasing 5% YoY

SLB, the global technology leader, has announced a 9% sequential revenue increase for the fourth quarter (Q4) of 2025, reaching $9.75 billion. The results reflect a 5% growth compared to Q4 2024, signaling a stabi ...

SLB Eyes Lithium Extraction in Egypt

SLB  expressed interest to start assessment of lithium potential and its extraction in Egypt, and to conduct new pilot tests in the Eastern Desert. This came during a meeting of SLB's Head of Mining, Nicholas Luga ...

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