Bank of New York Mellon Corp Takes Position in SLB Limited $SLB
Bank of New York Mellon Corp has acquired a new stake of 28,814,091 shares in SLB Limited, valued at approximately $1.34 billion, making it a significant institutional investor in the oil and gas company. Other institutional investors have also adjusted their positions in SLB, with hedge funds and institutional investors collectively owning 81.99% of the stock. The article also highlights positive sentiment for SLB due to potential Venezuela expansion, new offshore work in Brunei, and supportive industry spending trends, alongside analyst ratings and financial performance details.
Venezuela: Hunt Oil, SLB Strike Deals as BP Joins US’ Handpicked Crude Resellers
The Venezuelan government has signed agreements with Texas-based Hunt Oil and SLB, and is close to finalizing a deal with the obscure Crossover Energy, amidst efforts to attract foreign oil firms. BP has also obtained a US Treasury license to resell Venezuelan crude, joining Vitol and Trafigura, with proceeds deposited into a US Treasury account. These developments highlight Venezuela's pro-business energy sector reforms, including reduced royalties and taxes, and the increased involvement of Western corporations under US oversight.
SLB Helps Future Geoscientists Build Digital Skills Through AAPG Competition
SLB supported the 2026 Imperial Barrel Award, an AAPG competition, by providing graduate students with access to its Delfi digital platform and training. This initiative allowed students to analyze real-world subsurface data and develop technical recommendations, mirroring challenges faced by professional geoscientists. The competition, which saw Institut Teknologi Bandung win first place, aimed to equip future geoscientists with essential digital fluency alongside foundational geological knowledge.
SLB Helps Future Geoscientists Build Digital Skills Through AAPG Competition
SLB provided its Delfi digital platform to students participating in the 2026 Imperial Barrel Award, an AAPG competition, to help them develop essential digital skills for geoscience. The competition challenged graduate students from 82 universities to analyze real-world subsurface data and provide technical recommendations, emphasizing the growing need for digital fluency alongside traditional geological knowledge. Indonesia’s Institut Teknologi Bandung won first place, with the University of Louisiana at Lafayette and Hungary’s Eötvös Loránd University placing second and third, respectively.
VanEck Oil Services ETF (NYSE: OIH) Share Price, OIH Stock News, OIH Share Price & Updates
This article provides detailed information about the VanEck Oil Services ETF (NYSE: OIH), including its current share price, trading activity, and fundamental data. It also lists recent news regarding companies within the oil services sector, such as Baker Hughes and Schlumberger, and offers various research reports and tools for investors. The content is presented by Kalkine, emphasizing that the provided data is for general information and not financial advice.
SLB Prepares to Restart 15 Oil Rigs in Venezuela
SLB is preparing to reactivate up to 15 idle drilling and workover rigs in Venezuela, with four expected to be operational by the end of 2026. This move aims to address bottlenecks in the country's crude production recovery, potentially increasing output significantly from the current two active onshore rigs. The effort is distinct from Formentera Partners' plans to import new rigs, and both initiatives highlight renewed international interest in Venezuela's vast oil reserves.
SLB plans to reactivate up to 15 rigs in Venezuela
Oil field services giant SLB plans to reactivate up to 15 inactive rigs in Venezuela in the coming months, according to a Reuters report. This move aims to boost oil production, though significant challenges related to legislation, contracts, and permits remain. Other companies like Formentera are also looking to bring rigs into Venezuela, signaling growing interest despite the hurdles.
SLB, Formentera Plan to Reactivate Oil Rigs in Venezuela
Global technology company SLB and private equity firm Formentera Partners are making plans to reactivate oil drilling rigs in Venezuela, with the possibility of introducing more rigs in the coming months. SLB aims to reactivate up to 15 existing rigs, with four potentially operational this year, while Formentera is seeking international service providers to import additional rigs. This initiative seeks to boost Venezuela's oil production, which is currently limited by a low number of active rigs, despite challenges related to permits and equipment transportation.
Kentucky Farm Bureau Mutual Insurance Co Acquires New Shares in SLB Limited $SLB
Kentucky Farm Bureau Mutual Insurance Co recently acquired a new position of 20,000 shares in SLB Limited, valued at approximately $930,000, according to its latest SEC filing. This acquisition is part of broader institutional interest in SLB, with several other major investors also adjusting their stakes. Wall Street analysts maintain a "Moderate Buy" consensus rating for SLB, projecting a target price of $61.35, driven by strong earnings, dividend announcements, and positive developments in Venezuela and Brunei Shell Petroleum.
Mitsubishi UFJ Asset Management Co. Ltd. Buys New Position in Halliburton Company $HAL
Mitsubishi UFJ Asset Management Co. Ltd. has acquired a new position in Halliburton Company (NYSE:HAL) during the second quarter, purchasing over 2 million shares valued at approximately $69.49 million. This makes Mitsubishi UFJ Asset Management Co. Ltd. the owner of about 0.25% of Halliburton's stock. Other institutional investors also increased their holdings, while a corporate insider, CFO Eric Carre, sold a significant number of shares.
Edmond DE Rothschild Holding S.A. Has $157.25 Million Stake in SLB Limited $SLB
Edmond DE Rothschild Holding S.A. reduced its stake in SLB Limited by 7.5% in the second quarter, now holding 3,382,340 shares valued at $157.25 million, making it their 10th largest holding. Despite this reduction, other institutional investors like Bank of New York Mellon Corp and Norges Bank acquired significant new positions in SLB. The article also highlights positive news for SLB, including potential expansion in Venezuela and a new contract with Brunei Shell Petroleum, alongside analyst ratings and financial performance details.
iShares U.S. Oil Equipment & Services ETF (NYSE: IEZ) Share Price, IEZ Stock News, IEZ Share Price & Updates
This article provides an overview of the iShares U.S. Oil Equipment & Services ETF (IEZ), including its current stock price, recent performance metrics, and key financial data. It also lists recent analyst recommendations and news items related to companies within the oil equipment and services sector. The information is presented alongside a disclaimer about its source and general nature.
SLB Prepares to Restart 15 Oil Rigs in Venezuela
Oilfield services giant SLB is preparing to reactivate up to 15 drilling rigs in Venezuela, a move that could significantly boost the country's crude production. This effort, alongside separate initiatives by Formentera Partners, aims to overcome obstacles to increasing Venezuela's oil output, which currently stands at 1.25 million bpd despite vast reserves. The return of these rigs is seen as a crucial step towards sustained production growth, even as challenges like equipment imports, infrastructure, and contractual protections persist.
Is SLB (SLB) Undervalued After Its Brunei Shell Contract Win?
SLB (SLB) is gaining attention after securing a contract with Brunei Shell Petroleum, leading to speculation about its valuation. The company's stock shows momentum with a 13.24% return over 30 days and 63.96% over a year, suggesting investors are focusing on its earnings power, particularly its digital business. Analysts suggest SLB is currently undervalued with a fair value of $61.39, driven by recurring digital revenue streams, though potential risks like spending cuts or integration challenges remain.
Venezuela signs oil deals with SLB and Hunt Oil
Venezuela has signed two new oil deals with international companies, according to hydrocarbons minister Paula Henao. A production sharing contract was signed with Hunt Oil for the Caro and Carisito fields, and an alliance was made with SLB for reservoir assessment services. These agreements follow a recent trend of increased oil and gas transactions in Venezuela, including a major agreement with BP for the Loran natural gas field.
SLB Deploys Integrated Restoration Solution For BSP Offshore Wells
SLB has secured a contract from Brunei Shell Petroleum (BSP) to implement an integrated production restoration solution for shut-in wells in BSP's offshore fields in Brunei. This project involves subsurface evaluation, well candidate selection, engineering, and offshore execution, with integrated project management, intervention services, monitoring, metering, and marine logistics. It marks the first deployment of SLB's integrated solution for BSP, following standard well, reservoir, and facility management methodologies.
SLB wins offshore production restoration contract from BSP
SLB has secured a contract from Brunei Shell Petroleum (BSP) to restore production from shut-in wells in multiple offshore fields. The agreement involves integrated services like subsurface evaluation, engineering, and marine logistics, aiming to improve recovery from mature assets. This project marks BSP's first use of an integrated production restoration model, emphasizing coordinated management and technical expertise.
Shell Taps SLB for Production Restarts offshore Brunei
SLB Ltd has secured a contract from Brunei Shell Petroleum (BSP) to reactivate shut-in wells across multiple offshore fields in Brunei. The contract encompasses subsurface evaluation, well selection, engineering, and offshore execution, integrating various services to restore production and maximize recovery from existing assets. This initiative reflects a broader industry trend towards integrated production and recovery solutions.
SLB wins offshore production restoration contract from BSP
SLB has secured a contract from Brunei Shell Petroleum (BSP) to restore production from shut-in wells in multiple offshore fields. The agreement involves SLB providing comprehensive services including subsurface evaluation, well candidate selection, engineering, and offshore operations, all managed through an integrated execution model. This collaboration aims to enhance recovery from mature assets and support BSP's long-term production goals by implementing a structured process focused on safety and operational efficiency.
SLB to Support Offshore Production Restoration for Brunei Shell Petroleum
SLB has been awarded a contract by Brunei Shell Petroleum (BSP) to restore production from shut-in wells in multiple offshore fields. This project marks the first deployment of SLB's integrated production restoration solution for BSP, combining various disciplines and services within a single execution model. The initiative aims to optimize recovery from mature offshore assets and aligns with a broader industry trend towards integrated production and recovery solutions.
Diversify Advisory Services LLC Makes New $2.27 Million Investment in SLB Limited $SLB
Diversify Advisory Services LLC has initiated a new investment in SLB Limited (NYSE:SLB), acquiring 44,034 shares valued at approximately $2.27 million during the second quarter. This move comes as other institutional investors have also adjusted their positions in the oil and gas company. SLB recently reported strong quarterly earnings, beating analyst estimates, and declared a quarterly dividend, maintaining a "Moderate Buy" consensus rating among analysts.
Energy Income Partners LLC Makes New $19.48 Million Investment in Halliburton Company $HAL
Energy Income Partners LLC recently made a significant investment in Halliburton Company, acquiring 573,929 shares valued at approximately $19.48 million. This move makes Energy Income Partners LLC a 0.07% owner of Halliburton. Other institutional investors have also adjusted their holdings in the oilfield services company, which recently reported strong earnings, exceeding analyst expectations.
Black Cypress Capital Management LLC Invests $5.53 Million in Halliburton Company $HAL
Black Cypress Capital Management LLC recently purchased a new stake of 162,973 shares in Halliburton Company (NYSE:HAL) worth approximately $5.53 million, making it their 11th largest holding. Other institutional investors have also adjusted their positions in Halliburton, which currently has a market cap of $28.97 billion and recently announced a quarterly dividend. Analysts have given the stock a "Moderate Buy" rating with an average price target of $43.10.
Venezuela Signs Oil Deals With SLB and Hunt to Boost Production
Venezuela has signed agreements with oilfield service giant SLB and Hunt Oil Co. to boost its energy industry. The deals aim to increase oil production and modernize the sector through integrated reservoir studies and the implementation of AI-driven workflows. These efforts come as approximately half of Venezuela's current oil exports are now directed to U.S. refiners, with the U.S. also supplying naphtha to Venezuela to support crude production increases.
Venezuela Signs Deals With SLB, Hunt in Push to Boost Oil Output
Venezuela has signed oil-related contracts with US companies SLB Ltd. and Hunt Oil Co. in an effort to attract investment and boost its crude production. The agreements involve developing and enhancing two oil fields, and a framework agreement with SLB for integrated reservoir studies nationwide. These deals represent a step in reviving Venezuela's oil industry by drawing private capital and expertise.
SLB Launches QI-FWI Quantitative Interpretation Full-Waveform Inversion Solution
SLB has introduced its QI-FWI quantitative interpretation full-waveform inversion solution, a new data-driven seismic technology aimed at providing geoscientists with earlier insights into reservoir rocks and fluids. This solution streamlines the process from seismic imaging to reservoir interpretation by directly deriving rock and fluid properties from the seismic wavefield. It analyzes both pressure and shear waves to understand rock density, stiffness, and composition, offering a more integrated and efficient approach compared to traditional multi-step seismic workflows.
SLB Launches QI-FWI Quantitative Interpretation Full-Waveform Inversion Solution
SLB has launched its QI-FWI quantitative interpretation full-waveform inversion solution at IMAGE 2026, aiming to provide geoscientists with earlier insights into reservoir rocks and fluids. This new data-driven seismic solution streamlines the process of understanding subsurface properties by directly producing key rock and fluid properties from seismic data, reducing the need for multiple traditional processing steps. The QI-FWI solution analyzes both pressure and shear waves to deliver P-impedance and Vp/Vs, which are crucial for exploration, well planning, and monitoring reservoir changes over time.
SLB Ltd. stock underperforms Tuesday when compared to competitors
SLB Ltd. shares fell 1.21% on Tuesday, closing at $53.21, and underperformed its competitors. This decline occurred during a generally grim trading session for the stock market, with both the S&P 500 Index and Dow Jones Industrial Average also experiencing losses. The stock's drop ended a two-day winning streak.
SLB to Support BSP Production Restoration Project
SLB has secured a contract with Brunei Shell Petroleum (BSP) to restore production from shut-in wells in multiple offshore fields. The project involves subsurface evaluation, well selection, engineering, offshore execution, and integrated management services. This initiative represents BSP's first deployment of an integrated production restoration solution aimed at optimizing recovery from mature offshore assets.
SLB secures contract to restore offshore production for Brunei Shell Petroleum (SLB:NYSE)
SLB (SLB) has been awarded a contract by Brunei Shell Petroleum, a joint venture with Shell (SHEL), to help restore production from shut-in wells in offshore fields. The agreement also aims to enhance recovery from existing offshore infrastructure. Financial terms of the contract were not disclosed.
SLB to restore offshore production for Brunei Shell Petroleum
SLB has secured a contract from Brunei Shell Petroleum (BSP) to restore production from shut-in wells across several mature offshore fields in Brunei. The integrated program includes subsurface evaluation, well candidate selection, engineering, offshore execution, and project management. This initiative aims to identify and return shut-in wells to production, increasing recovery from existing offshore infrastructure and supporting BSP's long-term production objectives.
SLB to restore offshore production for Brunei Shell Petroleum
SLB has secured a contract from Brunei Shell Petroleum (BSP) to restore production from shut-in wells across multiple mature offshore fields in Brunei. The contract involves an integrated production restoration program, including subsurface evaluation, well candidate selection, engineering, offshore execution, and project management. This initiative aims to maximize recovery from existing offshore infrastructure and support BSP's long-term production objectives.
SLB lands integrated well restoration contract with BSP
SLB has secured a contract from Brunei Shell Petroleum (BSP) to restore production from shut-in wells in multiple offshore fields in Brunei. This project involves subsurface evaluation, well candidate selection, engineering, offshore execution, and integrated project management, marking the first deployment of SLB’s integrated production restoration solution for BSP. The program uses standard well, reservoir, and facility management methodologies to coordinate surveillance, engineering, and intervention planning across BSP’s mature offshore assets.
SLB lends Shell a hand to unlock oil & gas from shut-in wells
SLB has secured a contract from Brunei Shell Petroleum (BSP) to restore oil and gas production from shut-in wells in Brunei's mature offshore fields. The project involves subsurface evaluation, well candidate selection, engineering, and offshore execution, with SLB providing integrated project management, intervention services, monitoring, metering, and marine logistics. This initiative aims to maximize recovery from existing infrastructure and supports BSP's long-term production objectives by optimizing mature offshore assets.
ExxonMobil commits $1.1 billion before final approval of its $30 billion Mozambique LNG project
ExxonMobil and its partners have committed $1.1 billion to long-lead equipment for the Rovuma LNG project in Mozambique, even before a final investment decision on the estimated $30 billion project. This commitment, made to secure critical equipment with long manufacturing times, signals renewed confidence despite ongoing security, financing, and regulatory challenges. The project aims to produce 18.6 million tonnes of LNG annually, with operations expected to begin in 2031 if approved by the end of 2026.
TechnipFMC (FTI) Is Up 7.7% After New Subsea Contract Win With Azule Energy
TechnipFMC (FTI) saw its stock rise by 7.7% after securing a significant subsea contract from Azule Energy, valued between US$75 million and US$250 million. This contract, involving the design and manufacture of flexible flowlines and risers for the West Hub Tails extension, reinforces TechnipFMC's strong order book and its reliance on capital-intensive offshore projects, which also presents a concentration risk. Despite some analysts forecasting higher revenues and earnings, the company's investment narrative projects a 5% downside to its current price based on a $76.00 fair value.
Capital One Adjusts Price Target on SLB to $63 From $64, Maintains Overweight Rating
Capital One Securities has adjusted its price target for SLB (formerly Schlumberger N.V.) from $64 to $63, while maintaining an Overweight rating on the stock. This update reflects a minor revision in the analyst's valuation for the oil and gas services company. SLB continues to be rated by other firms, with recent adjustments to its price target by BMO Capital, TD Cowen, Susquehanna, Jefferies, Barclays, JPMorgan, and Morgan Stanley.
CVX Stock Rises Overnight: Chevron Says It Has Discovered Oil, Gas Condensate Offshore In Angola
Chevron announced a significant oil and gas condensate discovery in Block 0 offshore Angola, leading to an overnight rise in CVX stock. This discovery, part of a 600-meter column in the Pinda reservoir, reinforces Chevron's strategy to expand production in sub-Saharan Africa. Despite this positive news, Barclays adjusted Chevron's price target slightly lower, from $216 to $208, while maintaining an 'Equal Weight' rating.
ExxonMobil awards contracts worth about 1.1 US billion dollars
ExxonMobil has awarded contracts worth approximately $1.1 billion for long-lead upstream equipment, supporting the initial phase of the Rovuma LNG project in Mozambique. This move marks a significant step towards a final investment decision and aims to optimize project execution timelines and ensure the availability of critical infrastructure. The project, a joint venture with ENI and CNPC, is expected to generate about $150 billion in revenues for the Mozambican State over its 30-year operational life.
ExxonMobil awards $1.1 billion in contracts for Mozambique's Rovuma LNG project
ExxonMobil has awarded approximately $1.1 billion in pre-investment contracts for upstream equipment for its Rovuma LNG Phase 1 project in Mozambique. These contracts, covering subsea production systems, large-bore production valves, and offshore line pipe, are a step towards the project's final investment decision. The awards follow ExxonMobil's lifting of force majeure on the project in November, after operations were paused in 2021 due to security concerns.
Plato Investment Management Ltd Acquires New Holdings in SLB Limited $SLB
Plato Investment Management Ltd recently acquired 87,769 shares of SLB Limited (NYSE:SLB) valued at approximately $4.057 million, as disclosed in their latest 13F filing. Several other institutional investors also adjusted their positions in SLB, contributing to institutions now owning 81.99% of the company's stock. SLB reported strong quarterly earnings, exceeding analyst expectations with $0.55 EPS and $8.97 billion in revenue, and declared a quarterly dividend of $0.295 per share.
SLB Limited (NYSE:SLB) Given Consensus Recommendation of "Moderate Buy" by Brokerages
Twenty-three brokerages have issued a "Moderate Buy" rating for SLB Limited (NYSE:SLB), with an average 12-month price target of $61.35, exceeding its opening price of $53.77. The company recently surpassed quarterly earnings expectations, reporting $0.55 adjusted EPS against an estimated $0.51, and $8.97 billion in revenue compared to the $8.67 billion consensus. SLB also declared a quarterly dividend of $0.295 per share, representing an annualized dividend of $1.18 and a 2.2% yield.
How Q2 2026 Earnings At Bristow Group (VTOL) Have Changed Its Investment Story
Bristow Group reported Q2 2026 sales of US$411.76 million and net income of US$21.15 million, with diluted EPS of US$0.70. These results validate the company's investment narrative of consistent, contract-backed earnings from long-term government and offshore energy work. The declaration of a US$0.125 per share quarterly dividend further underscores management's commitment to returning cash while investing in growth and fleet expansion.
Focus Partners Advisor Solutions LLC Takes $1.68 Million Position in Halliburton Company $HAL
Focus Partners Advisor Solutions LLC has acquired a new stake of 49,347 shares in Halliburton Company (NYSE:HAL), valued at approximately $1.68 million during the second quarter. This move is part of broader institutional investment, as hedge funds and institutional investors collectively own 85.23% of Halliburton. The oilfield services company recently exceeded quarterly earnings expectations with adjusted EPS of $0.55 and revenue of $5.71 billion, prompting analysts to maintain a "Moderate Buy" rating with an average price target of $43.10.
Halliburton (NYSE:HAL) stock in focus as geopolitical supply concerns lift oilfield services
Halliburton (NYSE:HAL) shares recently rose due to heightened geopolitical supply concerns, which brought the oilfield services sector into focus. As a major player in providing essential services for oil and gas extraction, Halliburton's stock performance reflects market sensitivity to supply-side developments and their impact on demand for oilfield services. The company's role in supporting global drilling and completion activity positions it sensitively within the industry.
Cary Street Partners Financial LLC Sells 108,574 Shares of SLB Limited $SLB
Cary Street Partners Financial LLC significantly reduced its stake in SLB Limited by selling 108,574 shares, retaining only 2,879 shares. Despite this, institutional investors still hold a large portion of SLB, and analysts maintain a "Moderate Buy" rating with a target price above its current value. SLB also surpassed quarterly earnings and revenue expectations and declared a quarterly dividend.
Halliburton (NYSE:HAL) Downgraded by Wall Street Zen to Hold
Wall Street Zen has downgraded Halliburton (NYSE:HAL) from "buy" to "hold," despite the company exceeding quarterly earnings expectations with $0.55 EPS and $5.71 billion in revenue. Analysts collectively maintain a "Moderate Buy" rating with an average price target of $43.10. Institutional investors hold a significant 85.23% of shares, and Halliburton's CFO recently sold 24,778 shares under a pre-arranged trading plan.
Is SLB’s (SLB) Large ESOP Shelf Filing Reframing Its Capital Allocation Priorities?
SLB (SLB) has filed a shelf registration for up to US$2.33 billion in common stock for an employee stock ownership plan (ESOP), covering over 43 million shares. This large filing emphasizes employee equity participation but raises questions for investors about potential future dilution. While SLB continues share repurchases, the ESOP highlights the company's balancing act between managing dilution and fostering employee ownership, particularly as earnings have softened.
Is SLB’s (SLB) Large ESOP Shelf Filing Reframing Its Capital Allocation Priorities?
SLB N.V. recently filed a shelf registration for up to US$2.33 billion of common stock for an employee stock ownership plan (ESOP), covering over 43 million shares. This filing suggests a strong focus on employee equity participation, which could lead to investor questions about future dilution. While the ESOP is seen as a long-term employee ownership tool rather than a near-term strategic shift, it frames how management balances dilution against employee equity, especially given recent share repurchases and modest revenue growth projections.
ConocoPhillips awards Noble jackup rig a North Sea P&A contract
ConocoPhillips has awarded Noble Interceptor a 670-day plug-and-abandonment (P&A) contract in the Greater Ekofisk Area offshore Norway, starting in Q3 2027. This contract, valued for its long duration, strengthens Noble's presence in the North Sea P&A market and adds to a series of recent awards and extensions across various regions. Noble's latest Fleet Status Report also details other significant contracts with Shell, TotalEnergies, Petrobras, and DNO Norge for several drillships and jackups.
