SLB OneSubsea Awarded Contract by Beacon Offshore
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 09 2026
0mins
Should l Buy SLB?
Global energy technology company SLB announced that its SLB OneSubsea joint venture was awarded a contract by Beacon Offshore Energy Exploration and Production LLC to deliver a high-pressure, high-temperature multiphase boosting system for the Shenandoah field in the Gulf of America. "Our engagement with BOE began in January 2025, enabling us to design a subsea boosting solution tailored to the field's operating conditions," said Andreas Fjellbirkeland, vice president, Processing Systems, SLB OneSubsea. "As operators continue to invest in deepwater projects in the Gulf of America, this type of technology plays a critical role in accelerating production and improving recovery."
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Analyst Views on SLB
Wall Street analysts forecast SLB stock price to fall
16 Analyst Rating
16 Buy
0 Hold
0 Sell
Strong Buy
Current: 51.730
Low
43.00
Averages
48.71
High
55.00
Current: 51.730
Low
43.00
Averages
48.71
High
55.00
About SLB
SLB N.V. is a global technology company. The Company’s segments include Digital, Reservoir Performance, Well Construction, Production Systems, and All Other. Digital segment includes products, services, and solutions that span the energy value chain from subsurface characterization through field development and hydrocarbon production to carbon management and the integration of adjacent energy systems. Reservoir Performance segment consists of reservoir-centric technologies and services that are critical to optimizing reservoir productivity and performance. Well Construction segment provides operators and drilling rig manufacturers with services and products related to the design and construction of a well. Production Systems segment develops technologies and provides expertise that enhances production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries. All Other segment includes asset performance solutions, data center solutions and SLB Capturi.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Earnings Expectations: According to FactSet, the S&P 500 is projected to have a blended growth rate of 12.5% in Q1, with 78% of reporting companies exceeding expectations, providing a positive backdrop for the upcoming earnings season that could further bolster market confidence.
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- Technical Fragility: Despite the market's strong short-term performance, analyst Craig Johnson warns that the rapid transition from oversold to overbought conditions masks underlying macroeconomic risks, urging investors to remain cautious and focus on high-quality investment opportunities.
See More
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Market Performance: The stock market has seen a decline, with notable drops in various sectors.
Specific Stocks: Halliburton's stock decreased by 6%, while APA's stock fell by 10.1%.
See More
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Impact on U.S. Oil Companies: U.S. oil companies are experiencing a decline in shares following Iran's announcement regarding the Strait of Hormuz.
Strait of Hormuz Status: Iran has declared that the Strait of Hormuz is completely open for the remaining period of Lebanon's ceasefire.
See More
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- Market Trend Analysis: While several stocks are trading near their 52-week highs, investors should remain cautious of short-term trends, and selecting fundamentally strong stocks like Merck may yield better returns in the future.
See More
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- Energy Stock Profit-Taking: Investor Stephanie Link announced on CNBC that she sold her Chevron position to realize a 35% gain, reallocating funds into technology stocks while maintaining a significant stake in oilfield services company SLB, indicating a cautious yet confident stance on the energy sector.
- Investment in Tech Stocks: Although Link did not specify the tech stocks purchased, she highlighted Quanta Services as a key player in the data center revolution, noting its diverse role in power infrastructure and potential benefits from rising power demand and grid upgrades, reflecting her optimism for future tech investments.
- Strong Performance of Quanta Services: Quanta Services has surged 37% this year, showcasing market confidence in its role within data centers and power infrastructure, with Link suggesting it as a long-term hold, emphasizing its strategic value in her investment portfolio.
- Other Stock Recommendations: Link mentioned Vertiv and Eaton as attractive power stocks, with respective increases of 74% and 21% by 2026, while also pointing to Nvidia and Broadcom as potential compounders in the tech space, demonstrating her broad focus and diverse investment strategy in technology.
See More
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- Project Collaboration: SLB has partnered with Malaysian national oil company Petronas to jointly develop oil and gas projects in Suriname's frontier basin, marking a strategic collaboration despite undisclosed financial terms.
- Ownership Structure: Petronas holds an 80% stake in Suriname's offshore Block 52, while the state-owned oil company Staatsolie retains 20%, providing a solid foundation for the project's advancement.
- Technical Integration Alliance: The collaboration will leverage the Subsea Integration Alliance, combining the strengths of SLB OneSubsea and Subsea7 to deliver comprehensive engineering, procurement, construction, installation, and commissioning solutions, ensuring effective development of multiple discoveries.
- Long-Term Framework: The agreement establishes a long-term collaboration framework aimed at co-developing and co-creating cost-effective solutions through early involvement, accelerating field development, and enhancing project economics.
See More
