SLB

The agreement signed by Schlumberger, AIQ, and Group 42 is designed to develop and commercialize artificial intelligence for global exploration and production.

With the acquisition of Schlumberger’s rod lift business, Lufkin gains several products, brands, and key proprietary software.

Saudi Aramco’s papers on new well technology offer glimpses at the challenges of developing its unconventional gas resources.

Schlumberger and a Middle East offshore logistics company signed an agreement to develop a modular stimulation vessel as part of Qatar’s program aimed at localizing the energy sector’s supply chain and creating new investment opportunities.

The agreement will use IBM’s hybrid-cloud technology and Red Hat’s OpenShift platform to expand access to Schlumberger’s Delfi exploration and production software suite.

Schlumberger is getting rid of its struggling OneStim business unit 2 years after an acquisition that doubled its size. It will get 37% of the shares of Liberty Oilfield Services, which said it will be the second-largest player in that sector.

The new geothermal project development company will offer expertise in subsurface and drilling, project development, and risk mitigation.

Why stimulate horizontal wells one by one when they can be done two at a time? The largest pressure-pumping company in the business says it might even be possible to complete three wells at once.

Schlumberger showcased its role in the industry’s digital revolution recently with its first online conference. During the conference, the company launched six pieces of technology focused on gathering and consolidating digital data.

A lot about the blowout preventers used for offshore drilling has changed since Macondo in 2010, but the essentials remain. This evolution serves as a case study on why some oilfield technology is hard to change.