Schlumberger Announces Fourth-Quarter and Full-Year 2020 Results
Fourth-Quarter Results
Three Months Ended
$471
$374
$0.27
$309
$0.22
-33% These are non-GAAP financial measures. See sections titled Charges & Credits , Divisions , Geographical , and Supplemental Information for details.
n/m = not meaningful
Schlumberger CEO Olivier Le Peuch commented, “We concluded the year posting very strong fourth-quarter results, as we leveraged the industry recovery, which has now commenced. Fourth-quarter revenue grew 5% sequentially, driven by strong activity and solid execution both in North America and in the international markets. Despite seasonality, revenue grew sequentially in all four Divisions for the first time since the third quarter of 2019. I stand very proudly behind the performance of the entire Schlumberger team during the quarter, closing an exceptional year of operational resilience and performance for our customers.
EC Approves Formation of Clean Hydrogen Production Technology Venture
Green Initiatives EC Approves Formation of Clean Hydrogen Production Technology Venture
19.01.2021Editor: Ahlam Rais
Schlumberger New Energy, CEA and Partners have recently announced that the European Commission has approved the formation of Genvia, a clean hydrogen production technology venture. The venture will focus on the development and industrial deployment of an innovative electrolyzer technology for clean hydrogen production. Related Companies (Source: Deposit Photos)
Paris/France – Schlumberger New Energy, the CEA and Partners have recently announced the European Commission’s (EC) approval for the formation of Genvia, a clean hydrogen production technology venture. In a unique private-public partnership model, Genvia combines the expertise and experience of Schlumberger and the CEA with Vinc
EC approves formation of Genvia to accelerate development of CEA high-temp reversible solid oxide electrolyzer technology
Schlumberger New Energy, the CEA and partners announced the European Commission’s approval for the formation of Genvia, a clean hydrogen production technology venture. In a private-public partnership model, Genvia combines the expertise and experience of Schlumberger and the CEA with VINCI Construction, Vicat, and the investment vehicle of the French Occitanie Region, l’Agence Régionale de l’Energie et du Climat (AREC).
The new venture will accelerate the development and the first industrial deployment of CEA high-temperature reversible solid oxide electrolyzer cell technology (RSOC), as the most efficient and cost-effective technology for clean hydrogen production.
Vicat part of Genvia joint venture for hydrogen production Written by Global Cement staff
13 January 2021
France: Vicat has joined US-based Schlumberger New Energy, clean energy specialist CEA, Vinci Construction and the Occitan Regional Agency of Energy and Climate (AREC) in a hydrogen production technology joint venture called Genvia. The partnership will establish a ‘gigafactory’ at which to develop high-temperature reversible solid oxide electrolyser technology. The gigafactory will be situated in Béziers, Occitan. Deployment will take place via CEA’s Grenoble, Auvergne-Rhône-Alpes site.
“We are very pleased to be working alongside such experienced and strong partners as we strive to develop technologies that enable decarbonisation,” said François Jacq, chairman of the CEA. “Together, building on a set of technologies developed by the CEA over the last decade, we have ambitious growth plans for a technology
Schlumberger
Schlumberger New Energy, the CEA and Partners Announce European Commission Approval for the Formation of Genvia, a Clean Hydrogen Production Technology Venture
Tuesday, January 12, 2021 3:00PM IST (9:30AM GMT)
The Genvia venture will focus on the development and industrial deployment of a game-changing electrolyzer technology for clean hydrogen production
PARIS, France:
Schlumberger New Energy, the CEA and Partners announced today the European Commission’s approval for the formation of Genvia, a clean hydrogen production technology venture. In a unique private-public partnership model, Genvia combines the expertise and experience of Schlumberger and the CEA with VINCI Construction, Vicat, and the investment vehicle of the French Occitanie Region, l’Agence Régionale de l’Energie et du Climat (AREC).