Schlumberger Lands Electric Subsea Project With Equinor In Norway: Details
Portfolio Pulse from Lekha Gupta
Schlumberger Limited (SLB) has secured a contract from Equinor ASA (EQNR) for a 12-well, all-electric Subsea Production Systems (SPS) project in offshore Norway. This project aims to enhance operator control, operational efficiency, and reduce offshore emissions. Both SLB and EQNR shares are trading higher following the announcement.
June 27, 2024 | 6:12 pm
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POSITIVE IMPACT
Equinor ASA (EQNR) has awarded a contract to Schlumberger for a 12-well, all-electric Subsea Production Systems project in Norway, aiming to improve operational efficiency and reduce emissions.
The contract award to Schlumberger reflects Equinor's commitment to innovative and efficient subsea technology, which is likely to enhance its operational capabilities and environmental footprint. The positive market reaction is reflected in the share price increase.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
SGI Enhanced Global Income ETF (GINX) provides exposure to Equinor (EQNR), which has recently awarded a major contract to Schlumberger.
The contract award by Equinor to Schlumberger is expected to positively influence the SGI Enhanced Global Income ETF (GINX), as EQNR is a significant holding within the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to Schlumberger's (SLB) recent contract win through the IShares U.S. Oil Equipment & Services ETF (IEZ), which includes SLB in its holdings.
The recent contract win by SLB is likely to positively impact the IShares U.S. Oil Equipment & Services ETF (IEZ), as SLB is a significant holding within the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Amplify Natural Resources Dividend Income ETF (NDIV) includes Equinor (EQNR) in its holdings, which has recently awarded a significant contract to Schlumberger.
Equinor's contract award to Schlumberger is likely to have a positive impact on the Amplify Natural Resources Dividend Income ETF (NDIV), as EQNR is a part of its portfolio.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
VanEck Oil Services ETF (OIH) provides exposure to Schlumberger (SLB), which has recently secured a major contract from Equinor.
SLB's contract win is expected to positively influence the VanEck Oil Services ETF (OIH), as SLB is a key component of the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Schlumberger Limited (SLB) has won a significant contract from Equinor for a 12-well, all-electric Subsea Production Systems project in Norway, which is expected to enhance operational efficiency and reduce emissions.
The contract win is a significant achievement for SLB, indicating strong future revenue potential and technological leadership in subsea systems. The market has reacted positively, as evidenced by the share price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100