The Houston-based oilfield services company said Monday that it has renamed itself and is shifting to focus on lower carbon businesses, such as carbon-capture and hydrogen technology. (The Logic)
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The Houston-based oilfield services company said Monday that it has renamed itself and is shifting to focus on lower carbon businesses, such as carbon-capture and hydrogen technology. (The Logic)
Talking point: SLB operates in over 100 countries, and has most of its nearly 50 Canadian facilities in Alberta. The company did not immediately respond to The Logic’s request for comment on how the rebranding may affect its Canadian operations. The nearly century-old energy services firm said it has spent the last three years laying the groundwork for this massive change. It has already made investments in clean hydrogen and geothermal heating and cooling in France. Last year, SLB announced that it aims to be net zero in 2050 with minimal reliance on offsets. “Our new identity symbolizes SLB’s commitment to moving farther and faster in facilitating the world’s energy needs today and forging the road ahead for the energy transition,” CEO Olivier Le Peuch said in a statement.
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