• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 hours Bad news for e-cars keeps coming
  • 6 hours How Far Have We Really Gotten With Alternative Energy
  • 13 days What fool thought this was a good idea...
  • 1 day The U.S. Is Determined to Revolutionize Its Microchip Industry
  • 11 days A question...
  • 16 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 16 days They pay YOU to TAKE Natural Gas
The High Cost of Moving Industry Offshore

The High Cost of Moving Industry Offshore

Offshore industrialization is facing mounting…

The War for Profitability Within the Wind Industry

The War for Profitability Within the Wind Industry

Major wind energy companies are…

World’s Top Oilfield Service Provider Schlumberger Rebrands To SLB

Schlumberger (NYSE: SLB) is known as of Monday under its new name—SLB—to reflect its transformation from an oilfield services provider to a global technology company helping the energy transition, the world’s largest oilfield services provider said in a statement today.

By rebranding to SLB, the company is dropping the family name of its founders, brothers Conrad and Marcel Schlumberger, who founded the firm in France in the 1920s.

“Beginning today, the legacy Schlumberger brand and nearly all of its affiliated brands will become one under the new SLB brand, which introduces a refreshed visual identity, including a new logo for the company—a symbol of where it is today and where it is heading,” the company said.

“Today we face the world’s greatest balancing act—providing reliable, accessible and affordable energy to meet growing demand, while rapidly decarbonizing for a sustainable future,” SLB chief executive officer Olivier Le Peuch said, commenting on the rebranding.

“Our new identity symbolizes SLB’s commitment to moving farther and faster in facilitating the world’s energy needs today and forging the road ahead for the energy transition. It’s a bold challenge. But the legacy of our people, technology and performance are unmatched, and we are ready to answer this challenge.”

Earlier this year, the company announced SLB End-to-end Emissions Solutions (SEES), a business for eliminating methane emissions from oil and gas operations.

At the end of last week, SLB reported third-quarter earnings beating analyst estimates, thanks to accelerating international drilling activity on top of already robust activity in North America.  

Looking forward, the company remains upbeat on the drilling activity globally and expects “multiple years of growth,” CEO Le Peuch said on Friday.


“While concerns remain over the broader economic climate, the energy industry fundamentals continue to be very constructive,” the firm’s top executive added.  

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News