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ExxonMobil awards subsea contract for Rovuma LNG project

This signals continued capital allocation into Mozambique’s LNG buildout and keeps ExxonMobil’s Rovuma project moving through the subsea workstream. For service providers, it reinforces where near-term offshore spending and engineering demand are landing in gas export projects.

OGJ - Exploration and DevelopmentAfricaLNGOffshoreOilfield Services
Sep 29, 2026
SLB to deliver more than 450 wells for Aramco under three-year contracts

This points to sustained upstream spending by Saudi Aramco and a large workload for a key oilfield-services provider. It signals continued drilling activity in the Kingdom and reinforces where international service capacity is being allocated.

Sep 27, 2026
OQEP lets contract for Bisat field expansion project in Oman

This contract signals continued capital spending in Oman's upstream sector and a push to add barrels through brownfield expansion rather than new frontier risk. For service providers like SLB, it also shows how regional operators are using outside technical execution to lift production capacity and protect competitive position.

Sep 23, 2026
Triple-action chemicals assure Permian basin flow

The trial points to a practical flow-assurance fix for Permian producers facing multi-constraint wellbore issues after new tie-ins. For operators, that can reduce unplanned downtime and support steadier volumes without a costly shutdown or intervention.

Sep 17, 2026
Invictus taps SLB for Musuma-1 exploration well in Zimbabwe

SLB’s role signals that Invictus is moving from planning into field execution on a Zimbabwe exploration test that could shape follow-on drilling and partner interest in the basin. For executives, the key point is that service capacity and capital are being committed before spud, which is a useful indicator of activity momentum in a frontier play.

Sep 13, 2026
SLB Expands Data Center Role with $3B Kelvion Deal

SLB is deepening its exposure to data-center infrastructure, which shows how oilfield-services companies are reallocating capital toward power and digital demand rather than only upstream spending. For executives, the deal signals a broader push to diversify revenue and compete for growth adjacent to the energy transition.

Sep 1, 2026
SLB launches new artificial lift technologies for U.S. land operations

The launch points to continued operator spending on lift optimization rather than just new drilling, which matters for keeping mature U.S. shale wells productive and lowering per-barrel lifting costs. For service providers, it signals competition around production-enhancement technology as producers look for incremental output from existing acreage.

Aug 27, 2026
Venezuela’s Oil Revival Gains Momentum

U.S. service and E&P involvement in Venezuela signals a gradual reopening of one of the world’s largest crude resource bases to international capital. For executives, that points to potential new upstream spending, a shift in competitive access, and a possible boost to future supply from a politically sensitive market.

Aug 27, 2026
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SLB selected for FEED work on Havstjerne carbon storage project

SLB’s role in front-end engineering signals that carbon storage projects are moving from concept toward capital commitment, creating near-term work for oilfield services and subsea contractors. For executives, this is another sign that low-carbon infrastructure is starting to compete for technical resources and investment in the North Sea.

Aug 26, 2026
SLB launches ExaCT platform for electrically controlled well interventions

SLB is signaling that more of the value in coiled tubing work is moving into digital control and faster intervention execution, which can lower well intervention costs and improve fleet utilization. For operators in complex multilateral wells, that points to a sharper focus on drilling and completion technologies that reduce nonproductive time and support more efficient field development.

Aug 25, 2026
SLB, Formentera Working to Activate Drilling Rigs in Venezuela, Executives Say

Restarting drilling in Venezuela would signal a step toward restoring upstream spending in a sanctioned, politically constrained market. For service companies and operators with exposure to the country, it points to potential rig demand and a gradual improvement in local production capacity if equipment can be brought back online.

Aug 19, 2026
SLB Prepares to Restart 15 Oil Rigs in Venezuela

Restoring drilling capacity in Venezuela would signal a potential increase in future crude output and a shift in where service capital and equipment are being redeployed. For executives, it matters because any meaningful lift in Venezuelan production could tighten the competitive field for barrels and service work in Latin America.

Aug 19, 2026
Venezuela Signs Oil Deals With SLB and Hunt to Boost Production

The deals suggest Venezuela is trying to attract outside technical and capital support to slow the decline in its upstream base. For executives, that signals potential service and field-development opportunities in a high-risk market while also highlighting how any production recovery there could affect Latin American crude supply.

Aug 19, 2026
Shell Taps SLB for Production Restarts offshore Brunei

This signals that Shell is spending to recover barrels from existing offshore assets rather than relying only on new drilling, which is a capital-efficient way to support near-term production. For service providers, it points to continued work on well intervention and production enhancement in mature offshore basins, not just greenfield development.

Aug 19, 2026

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