SLB

Can a camera on the drill floor, or one on a mobile phone, measure what is going on during drilling or evaluate drill-bit wear more consistently than a human?

The service company announced that it will collaborate with Amazon Web Services to deploy its software, anchored by its Delfi Petrotechnical Suite, in the cloud.

The two companies have agreed to team up so their most-valued drilling-automation programs can be used together easily. The relationship has shined a bright light on drilling automation.

The contractor expects international revenue will see double-digit growth in the second half of 2021 as compared to the same period last year.

Schlumberger has won a $480-million contract to drill 96 oil wells in southern Iraq for the country’s Basra Oil Company and for ExxonMobil, which operates the giant West Qurna-1 field with partners from Iraq, Japan, Indonesia, and China. West Qurna-1 is one of the world’s largest oil fields.

As the saying goes, the future is now. This is certainly the case offshore Norway, which represents one of the industry’s most influential test beds for impactful innovation.

Chevron is partnering with Microsoft, oilfield services firm Schlumberger, and privately held Clean Energy Systems to build a carbon capture plant in California, as the US oil major expands investments in renewable technology.

The country expects the digitalization project to promote Egypt’s exploration and production potential worldwide.

Sentiments are clearly improving amongst the hard-hit oilfield service companies who all saw revenue grow in the fourth quarter of last year.

The all-stock deal doubled Liberty’s working pressure-pumping capacity without adding any debt to its balance sheet, while Schlumberger retains a 37% equity interest.