Schlumberger becomes SLB, the technology company driving the future of energy.

Houston — Schlumberger today underscores its vision for a decarbonized energy future, transforming itself from the world’s largest oilfield services company into a global technology company focused on driving energy innovation for a balanced planet announced the new company name “SLB” to confirm the Effective today, the legacy Schlumberger brand and virtually all of its affiliated brands will come together under the new SLB brand, introducing a new visual identity, including a new company logo. .

SLB Chief Executive Officer Olivier Le Peuch said: “This dual challenge requires a balance between energy affordability, energy security and sustainability. It requires a balance between innovation and decarbonization in the oil and gas industry, as well as clean energy solutions. For a balanced planet we need a balanced energy mix.Our new identity is to drive today’s world’s energy needs and pave the way for an energy transition. It epitomizes SLB’s commitment to move farther and faster.It’s a bold challenge, but our legacy of people, technology and performance is unmatched and we are ready to meet this challenge. it’s finished.”

Evolution of the brand

The SLB brand is based on nearly a century of innovation and industrialization expertise in the energy services industry. The company has spent the past three years laying the groundwork for an increasing focus on low- and zero-carbon energy technology solutions.

• In 2020, SLB launched a new energy business, exploring partnerships and opportunities in low-carbon and carbon-neutral technologies. This is the beginning of a multi-year journey to expand the company’s role in the new energy future through the development of new technologies and partnerships.
• In 2021, SLB will be the first in the energy services industry to commit to a net-zero target that includes total Scope 3 emissions from the use of its technology.
• In parallel with this effort, SLB introduced a portfolio of Transition Technologies™ that deliver science-based, quantifiable emissions reductions. One example is SLB’s zero flare ring well test and cleanup technology. This technology has been used by our customers to save up to 80,000 tons of CO.₂ The emissions are equivalent to pushing about 18,000 cars off the road in a year.
• Earlier this year, the company announced SLB End-to-end Emissions Solutions (SEES), a business dedicated to eliminating methane emissions from its oil and gas operations. Methane is an important industrial target because its warming effect is 84 times that of CO.₂ 20 years, 28 times in a century. SLB recently joined the Oil and Gas Climate Initiative’s Aiming for Zero Methane Emissions Initiative to help energy companies reduce the warming impacts of methane emissions during operations.

SLB today

Leveraging this progress and guided by the brand’s promise to drive energy innovation for a balanced planet, SLB is focused on providing results-driven solutions to its customers in four areas: increase.

• New energy system—SLB is focused on creating and scaling tomorrow’s new energy systems. As the new energy business evolves into a strategic driving force for the company, SLB continues to forge partnerships in various industries and develop technologies in five areas: carbon solutions, hydrogen, geothermal and geological energy, energy storage, and critical minerals. I will continue. This includes company Celsius. energy A business that reduces the carbon footprint of buildings by making energy available from the planet, and a clean hydrogen technology company founded as a public-private partnership with the French renewable energy research institute CEA and other partners. Genvia, which is
• Decarbonization of industry—Reducing emissions from industries that are particularly difficult to reduce is critical to achieving net-zero targets. SLB is already working to make an impact in this area. Last month, it announced its next plan. Develop a digital sustainability platform We provide sustainability solutions for hard-to-reduce industrial sectors. The SLB also focuses on expanding carbon capture, utilization and sequestration (CCUS) technologies and opportunities, one of the most important levers for decarbonizing multiple industries.
• Digital at scale—Digital capabilities continue to grow across the energy industry and are a major performance and efficiency driver. SLB’s customers use the company’s digital products and services to achieve their sustainability goals by honestly driving transparency, better measurement, more effective planning and more impactful results. SLB recently announced the commercial release of an enterprise data solution that helps accelerate advanced workflows. This latest innovation is built to meet the emerging requirements of the OSDU™ technical standard, an open industry standard for energy data.
• Oil and gas innovation—Building on decades of technological advancement, SLB will continue to innovate new products, services and technologies to make the exploration and development of oil and gas assets cleaner, more resilient, and more efficient. Less carbon, less environmental impact. The company will continue to build its basin-tailored approach, developing bespoke and custom technologies for the regions and environments in which it operates. SLB will enable customers to produce from their reserves at competitive cost and low carbon intensity per barrel equivalent through digitally enabled technologies that improve efficiency and performance, the Transition Technologies portfolio and the continued growth of the SEES methane removal business. We provide solutions that allow you to increase .

Dr. Katharina Beumelburg, Chief Strategy and Sustainability Officer at SLB, said: “Our new brand and strategy were created for this moment in our history. It’s a moment when the need to hit zero and go beyond calls for it.Everything we choose, from the shape of our logo to the new vibrant blue color, reflects our ambition and desire to bring the new energy future to life. It epitomizes the boldness of the team’s ingenuity: ‘For a balanced planet’ is more than our new catchphrase. It is central to our purpose and culture. We take the incredible history of this world-class company, enhance it, and propel it towards a more sustainable, net-zero future. ”