SLB stock slips despite Indonesia contract win as oil slides — what to watch next

SLB wins key contracts for Tangkulo gas project in Indonesia

US-based energy technology firm SLB has secured multiple contracts from Mubadala Energy for offshore drilling services for the Tangkulo deepwater natural gas development project in the Andaman Sea, Indonesia.

Mubadala Energy recruits SLB for Indonesia offshore gas project

The UAE’s Mubadala Energy has awarded oilfield services company SLB “multiple” contracts to drill for offshore natural gas at Indonesia’s Tangkulo deepwater development, SLB said on Thursday. French-founded and Texas-headquartered SLB, formerly known as Schlumberger, said it won the contracts, which include “drilling, completion and testing services across the full well life cycle,” through competitive bidding.  Initial production is expected to…

SLB stock slips despite Indonesia contract win as oil slides — what to watch next

SLB shares closed down 1.8% at $50.64 Thursday, little changed after hours, as oil prices slid nearly 3% following an IEA demand outlook cut. The company announced new offshore drilling contracts for Mubadala Energy’s Tangkulo gas project in Indonesia, targeting first production before the end of 2028. Trading volume topped 23 million shares, above average. Financial terms were not disclosed. The post SLB stock slips despite Indonesia contract w…

SLB wins contracts related to the Tangkulo deepwater project offshore Indonesia

SLB will provide ‘full well life cycle’ services for Mubadala Energy’s upcoming drilling campaign.

SLB awarded multiple offshore drilling contracts in Indonesia

SLB was awarded multiple offshore drilling services contracts by Mubadala Energy for the Tangkulo natural gas deepwater development and associated exploration and appraisal drilling activities in the Andaman Sea, offshore Indonesia. Under the awards, SLB will work with Mubadala to deliver integrated drilling and well services across the full well life cycle. The scope includes … The post SLB awarded multiple offshore drilling contracts in Indone…