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SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction

Energy Topics & Technology, Latest, Mergers and Acquisitions, Press Releases / By

Acquisition strengthens SLB as a leader in production space, with world-class production chemicals and artificial lift technologies Combined portfolios will drive customer value through deep industry expertise and digital integration, as well as enhanced equipment life and production optimization ChampionX shareholders to receive 0.735 SLB shares for each share of ChampionX Annual pre-tax synergies to …

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OPEC+ Unlikely to Change Output Policy at Panel Meeting

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

Summary OPEC+ JMMC meets on Wednesday at 1100 GMT Producers earlier agreed to extend output cuts Oil rallies to $89 a barrel, highest this year LONDON, April 3 (Reuters) – An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting later on Wednesday, three OPEC+ sources told Reuters, following …

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Drought Poses Key Risk to Canada’s Natural Gas Producers in 2024

CDN and International News, Conventional Energy, Energy Topics & Technology, Environment, Latest, Natural Gas / By

CALGARY — Persistent drought conditions are poised to challenge natural gas producers even as they aim to ramp up in anticipation of Canada’s first liquefied natural gas export terminal opening, a new report warns. The report by Deloitte Canada identifies potential water shortages in Western Canada as a key risk facing the oil and gas …

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Understanding SLB’s Culture Evolution, Innovation and Leadership Strategies

Company Announcements, Latest / By

In October 2022, Schlumberger announced its new name – SLB – and its transition from the world’s largest oilfield services company to a global technology company focused on driving energy innovation for a balanced planet. This new identity and position reflect SLB’s ambition to accelerate the energy transition by developing and scaling new energy systems, …

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Synchronized Lifting Systems vs. Split Flow Pumps

Featured Articles, Latest / By

Split flow pumps and synchronized lifting systems are two innovative solutions widely utilized in engineering, particularly in the fields of construction and maintenance of large structures. These technologies serve distinct purposes and operate on different principles, offering solutions to complex lifting and positioning challenges. Understanding the differences between these systems is crucial for engineers, project …

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Why you need a highly qualified engineer to design your new technology pilot plant

Featured Articles, Latest / By

North America is witnessing a surge in the design and construction of new technology pilot plants largely because of the rapid changes in the energy sector. The development and testing of new sources of energy as well as emission reduction technologies are often tested in these facilities. New technology pilot plants are essential to understand …

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White House Open to Ending LNG Export Pause in Push for Ukraine Aid

Conventional Energy, Latest, LNG, Pinned Primary, US News / By

U.S. officials are open to ending President Joe Biden’s pause on approvals of liquefied natural gas exports to get a Ukraine aide package passed in Congress but want to wait to see the entire proposal before making any decisions, two White House sources said on Tuesday. Biden, a Democrat, in late January had paused approvals …

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