SLB Partners with Qualcomm to Enhance AI in Oilfield Operations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: seekingalpha
- AI Capability Enhancement: SLB has signed a memorandum of understanding with Qualcomm to integrate edge AI capabilities into oilfield operations, aiming to improve operational efficiency through real-time decision-making across wells, production facilities, and energy infrastructure.
- Technology Integration: This collaboration will combine Qualcomm's low-power edge computing and AI processing capabilities with SLB's Agora edge AI and IoT platform, specifically designed for remote and operationally complex environments, driving the intelligence of energy infrastructure.
- Industry Trend: SLB indicates that this partnership reflects the growing industry interest in integrating AI more closely with operations to support more autonomous and resilient energy systems, enhancing overall operational reliability.
- Strategic Significance: Rakesh Jaggi, SLB's president of Digital, emphasized that AI systems designed around the realities of energy operations can help achieve more consistent and autonomous workflows, further advancing the company's technological innovation and competitive edge in the energy sector.
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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: 56.550
Low
43.00
Averages
48.71
High
55.00
Current: 56.550
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.
SLB Partners with Qualcomm to Enhance AI in Oilfield Operations
- AI Capability Enhancement: SLB has signed a memorandum of understanding with Qualcomm to integrate edge AI capabilities into oilfield operations, aiming to improve operational efficiency through real-time decision-making across wells, production facilities, and energy infrastructure.
- Technology Integration: This collaboration will combine Qualcomm's low-power edge computing and AI processing capabilities with SLB's Agora edge AI and IoT platform, specifically designed for remote and operationally complex environments, driving the intelligence of energy infrastructure.
- Industry Trend: SLB indicates that this partnership reflects the growing industry interest in integrating AI more closely with operations to support more autonomous and resilient energy systems, enhancing overall operational reliability.
- Strategic Significance: Rakesh Jaggi, SLB's president of Digital, emphasized that AI systems designed around the realities of energy operations can help achieve more consistent and autonomous workflows, further advancing the company's technological innovation and competitive edge in the energy sector.
See More
SLB Partners with Qualcomm to Enhance Edge AI in Energy Sector
- Edge AI Solutions: SLB has signed a memorandum of understanding with Qualcomm to combine Qualcomm's low-power edge computing and AI processing capabilities, aimed at enhancing real-time decision-making across wells, facilities, and production systems in the energy sector.
- Demand for Automation: As energy operators increasingly adopt automation and autonomous workflows, the collaboration addresses the growing demand for AI systems that can operate closer to the field, thereby enhancing overall productivity and operational efficiency.
- Cybersecurity Enhancement: This partnership not only focuses on modernizing legacy operational environments but also aims to strengthen cybersecurity across operational technology layers, ensuring higher security and reliability in complex energy infrastructures.
- Growing Industry Interest: The collaboration reflects a rising interest in the industry to integrate AI more closely with operations, supporting the development of more autonomous and resilient energy systems, which is crucial for advancing the energy transition.
See More
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- Interest Rate Expectations Shift: The market is pricing in only a 3% chance of a 25 bp rate hike at the upcoming FOMC meeting in June, reflecting investor concerns over slowing economic growth, which pushed the 10-year T-note yield to a two-week high of 4.580%, indicating tension over future monetary policy.
- Mixed International Market Performance: Overseas stock markets settled mixed on Monday, with the Euro Stoxx 50 falling to a two-week low while China's Shanghai Composite dropped 1.70%, demonstrating the impact of global economic uncertainty on market sentiment.
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- Project Management Integration: Under the contract, SLB's OneSubsea will deliver the subsea boosting system along with associated project management, engineering, manufacturing, and testing, which is anticipated to improve project execution efficiency and shorten delivery times.
- Standardized Solutions: This contract builds on SLB's recent subsea boosting contracts for BP's Kaskida and Tiber developments, leveraging a standardized high-pressure system solution aimed at enhancing execution efficiency and reducing the complexity of custom solutions.
- Positive Market Reaction: With rising crude oil prices, SLB shares rose 3.8% in Monday's trading, aligning with other oilfield services stocks, reflecting market optimism regarding the company's future growth potential.
See More
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- Oil Price Volatility: WTI crude oil prices initially surged over 4% due to escalating tensions between Iran and Israel but retreated after Iran announced an end to its military operations, alleviating pressure on the stock market as expectations for a ceasefire emerged.
- Interest Rate Expectations: The market is pricing in only a 3% chance of a 25 basis point rate hike at the next FOMC meeting, reflecting a cautious outlook among investors, especially following robust nonfarm payroll data, which could influence bond market dynamics.
- Tech Stock Surge: Intel's stock surged by 11% after Google placed an order for three million Tensor Processing Units, driving a broader rally in chip stocks, highlighting the tech sector's critical role in the market recovery and potentially attracting more investor interest in related equities.
See More
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- Price Range Analysis: The XLE ETF's 52-week low is $40.83 per share and the high is $63.46, with the last trade at $58.83, indicating relative stability and investor confidence in the current market environment.
- Technical Analysis Tool: Comparing the current share price to the 200-day moving average can provide valuable insights for investors, helping to assess market trends and potential buy or sell opportunities.
- ETF Trading Mechanism: ETFs trade similarly to stocks, where investors are buying and selling 'units' that can be created or destroyed based on investor demand, impacting the liquidity and market performance of the ETF.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing significant inflows or outflows, which can affect the performance of individual stocks held within the ETF, reflecting shifts in market demand for the ETF.
See More
SLB Partners with Qualcomm to Enhance AI in Oilfield Operations
- AI Capability Enhancement: SLB has signed a memorandum of understanding with Qualcomm to integrate edge AI capabilities into oilfield operations, aiming to improve operational efficiency through real-time decision-making across wells, production facilities, and energy infrastructure.
- Technology Integration: This collaboration will combine Qualcomm's low-power edge computing and AI processing capabilities with SLB's Agora edge AI and IoT platform, specifically designed for remote and operationally complex environments, driving the intelligence of energy infrastructure.
- Industry Trend: SLB indicates that this partnership reflects the growing industry interest in integrating AI more closely with operations to support more autonomous and resilient energy systems, enhancing overall operational reliability.
- Strategic Significance: Rakesh Jaggi, SLB's president of Digital, emphasized that AI systems designed around the realities of energy operations can help achieve more consistent and autonomous workflows, further advancing the company's technological innovation and competitive edge in the energy sector.
See More
SLB Partners with Qualcomm to Enhance Edge AI in Energy Sector
- Edge AI Solutions: SLB has signed a memorandum of understanding with Qualcomm to combine Qualcomm's low-power edge computing and AI processing capabilities, aimed at enhancing real-time decision-making across wells, facilities, and production systems in the energy sector.
- Demand for Automation: As energy operators increasingly adopt automation and autonomous workflows, the collaboration addresses the growing demand for AI systems that can operate closer to the field, thereby enhancing overall productivity and operational efficiency.
- Cybersecurity Enhancement: This partnership not only focuses on modernizing legacy operational environments but also aims to strengthen cybersecurity across operational technology layers, ensuring higher security and reliability in complex energy infrastructures.
- Growing Industry Interest: The collaboration reflects a rising interest in the industry to integrate AI more closely with operations, supporting the development of more autonomous and resilient energy systems, which is crucial for advancing the energy transition.
See More
Mixed US Stock Market on Monday, AI Enthusiasm Boosts Chip Stocks
- Chipmaker Recovery: Following last Friday's selloff, chipmakers and AI-infrastructure stocks saw a modest recovery on Monday, with Intel (INTC) rising over 11% after Google placed an order for three million Tensor Processing Units, indicating sustained market demand for AI technology.
- Oil Price Volatility: WTI crude oil prices initially surged over 4% on Monday due to Iran's announcement of an end to military operations against Israel, but later retreated, highlighting market sensitivity to geopolitical risks and affecting investor demand for safe-haven assets.
- Interest Rate Expectations Shift: The market is pricing in only a 3% chance of a 25 bp rate hike at the upcoming FOMC meeting in June, reflecting investor concerns over slowing economic growth, which pushed the 10-year T-note yield to a two-week high of 4.580%, indicating tension over future monetary policy.
- Mixed International Market Performance: Overseas stock markets settled mixed on Monday, with the Euro Stoxx 50 falling to a two-week low while China's Shanghai Composite dropped 1.70%, demonstrating the impact of global economic uncertainty on market sentiment.
See More
SLB Shares Rise 3.8% Following BP Contract Award
- Contract Award: SLB announced it has been awarded an engineering, procurement, and construction contract by BP to provide a subsea boosting system for the Thunder Horse development in the U.S. Gulf, with financial terms undisclosed, but this move is expected to enhance the company's market position.
- Project Management Integration: Under the contract, SLB's OneSubsea will deliver the subsea boosting system along with associated project management, engineering, manufacturing, and testing, which is anticipated to improve project execution efficiency and shorten delivery times.
- Standardized Solutions: This contract builds on SLB's recent subsea boosting contracts for BP's Kaskida and Tiber developments, leveraging a standardized high-pressure system solution aimed at enhancing execution efficiency and reducing the complexity of custom solutions.
- Positive Market Reaction: With rising crude oil prices, SLB shares rose 3.8% in Monday's trading, aligning with other oilfield services stocks, reflecting market optimism regarding the company's future growth potential.
See More
US Stocks Rebound Led by Chipmakers Amid Geopolitical Tensions
- Market Rebound: The S&P 500 Index rose by 1.01%, the Dow Jones Industrial Average increased by 0.46%, and the Nasdaq 100 Index climbed by 2.39%, indicating a recovery from last Friday's selloff, particularly driven by strong performances in chipmakers and AI infrastructure stocks.
- Oil Price Volatility: WTI crude oil prices initially surged over 4% due to escalating tensions between Iran and Israel but retreated after Iran announced an end to its military operations, alleviating pressure on the stock market as expectations for a ceasefire emerged.
- Interest Rate Expectations: The market is pricing in only a 3% chance of a 25 basis point rate hike at the next FOMC meeting, reflecting a cautious outlook among investors, especially following robust nonfarm payroll data, which could influence bond market dynamics.
- Tech Stock Surge: Intel's stock surged by 11% after Google placed an order for three million Tensor Processing Units, driving a broader rally in chip stocks, highlighting the tech sector's critical role in the market recovery and potentially attracting more investor interest in related equities.
See More
Analysis of XLE ETF's 52-Week Price Fluctuations
- Price Range Analysis: The XLE ETF's 52-week low is $40.83 per share and the high is $63.46, with the last trade at $58.83, indicating relative stability and investor confidence in the current market environment.
- Technical Analysis Tool: Comparing the current share price to the 200-day moving average can provide valuable insights for investors, helping to assess market trends and potential buy or sell opportunities.
- ETF Trading Mechanism: ETFs trade similarly to stocks, where investors are buying and selling 'units' that can be created or destroyed based on investor demand, impacting the liquidity and market performance of the ETF.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing significant inflows or outflows, which can affect the performance of individual stocks held within the ETF, reflecting shifts in market demand for the ETF.
See More
