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SLB and Aker Solutions win a key contract to deploy a modular carbon capture plant at Hafslund Celsio's Oslo facility, marking a crucial step in Norway's Longship CCS project.
Schlumberger Ltd. NYSE: SLB, doing business as SLB, is known as an oil services company in the oils/energy sector, especially when its customers include massive oil giants like Aramco, Exxon Mobil Co. NYSE: XOM and Chevron Co. NYSE: CVX.
Britain's competition regulator said on Wednesday it has launched an inquiry into oilfield services company SLB's proposed $8 billion deal to buy smaller rival ChampionX.
OSLO, Norway--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced that SLB Capturi, in collaboration with Aker Solutions, has been awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract from Hafslund Celsio AS to deliver a carbon capture solution at its waste-to-energy facility in Klemetsrud, Oslo. Hafslund Celsio is Norway's largest district heating supplier and the owner and operator of Norway's largest waste-to-energy plant. Hafslund Celsio's carbon c.
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OSLO, Norway--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) announced today that SLB Capturi has completed commissioning and is handing over its modular carbon capture plant at Twence's waste-to-energy facility in Hengelo, Netherlands. The new plant has the capacity to capture up to 100,000 metric tons of CO2 per year, which will be used in applications for the horticulture and food and beverage sectors. The carbon capture plant is based on SLB Capturi's standard, modular Ju.
Top U.S. oilfield services company SLB said its net assets in Russia amounted to about $600 million at the end of 2024, unchanged from 2023, but revenue from the region had slipped.
SLB's market capitalization is $61.3 billion. Its dividend yield is 2.6%, and it has implemented a $2.3 billion investor-friendly share buyback program. Of its 2024 revenue, over 80% was from international operations; North America accounted for less than 20%. SLB recently announced major multi-region multi-year deepwater contracts with Shell.
SLB's stock (NYSE: SLB), formerly known as Schlumberger, an oil field services major, faced a challenging 2024, with its stock price lagging behind the broader energy sector and underperforming its peers in the process. However, the company's stock is up 14% since the beginning of this year, compared to only 2% return of the S&P 500 over the same period.