Latest news with #SLB
Pink Villa
a day ago
- Entertainment
- Pink Villa
Vicky Kaushal talks about his rapport with Ranbir Kapoor-Alia Bhatt and working on Love & War: 'They are outstanding but...'
Vicky Kaushal, Ranbir Kapoor, and Alia Bhatt's upcoming film, titled Love and War, has been one of the highly anticipated movies of this year. The collaboration of these powerhouses has left fans eagerly anticipating the release. Helmed by Sanjay Leela Bhansali, the movie is currently being made. Recently, while speaking with Kareena Kapoor, Vicky mentioned collaborating with Ranbir Kapoor and Alia Bhatt for the second time. He even praised the celebrity couple and discussed his rapport with them. Vicky Kaushal comments on Love and War co-stars On The Hollywood Reporter India, Kareena Kapoor and Vicky Kaushal discussed family, work, upcoming projects, stardom, their respective married lives, and more. During this conversation, Vicky and Kareena spoke about the former's much-anticipated project, Love and War. The actor took a moment to praise his co-stars, Alia Bhatt and Ranbir Kapoor. Vicky Kaushal said, "They are outstanding, but more than that, what I love about Ranbir and Alia is that they are amazing human beings. I have worked with them on Sanju and Raazi, and it's the second time working with both of them. That's what makes it fun and easy." He further spoke about his working experience with Sanjay Leela Bhansali on Love and War and said, "He is like a child who is curious about everything. Who is wanting to go deeper and explore more with the actor, material, camera, set, and everything. He is always like what more can I do, in what other ways can I make it magical, new, cinematic. For me, it's such a learning experience to just see him and be there." When Vicky spoke about SLB, Kareena Kapoor also discussed her bond with the filmmaker, mentioning that it is like a 'love and war' equation. About Love and War Love and War marks Bhansali's return to grand love stories and reunites him with Ranbir Kapoor, with whom he previously collaborated on Saawariya. Featuring Alia Bhatt and Vicky Kaushal as well, Love & War promises audiences an extravagant romantic saga that explores themes of conflict, both emotional and literal. Helmed by Sanjay Leela Bhansali, Love and War is slated to hit the screens during Eid 2026.
Business Insider
2 days ago
- Business
- Business Insider
Schlumberger (SLB) Receives a Buy from RBC Capital
RBC Capital analyst Keith Mackey maintained a Buy rating on Schlumberger (SLB – Research Report) yesterday and set a price target of $48.00. The company's shares closed yesterday at $33.83. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Mackey is a 5-star analyst with an average return of 16.9% and a 56.70% success rate. Mackey covers the Energy sector, focusing on stocks such as Baker Hughes Company, Patterson-UTI, and Atlas Energy Solutions. Currently, the analyst consensus on Schlumberger is a Strong Buy with an average price target of $46.46, implying a 37.33% upside from current levels. In a report released on June 25, Jefferies also reiterated a Buy rating on the stock with a $53.00 price target. The company has a one-year high of $50.94 and a one-year low of $31.11. Currently, Schlumberger has an average volume of 17.47M. Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SLB in relation to earlier this year. Last month, Patrick de La Chevardiere, a Director at SLB sold 5,000.00 shares for a total of $167,900.00.
Mint
2 days ago
- Business
- Mint
L&T's ESG bond debut may open India's sustainable debt market—if investors stay interested
Mumbai: On 23 June, infrastructure giant Larsen & Toubro (L&T) listed India's first environmental, social & governance (ESG) bond on the National Stock Exchange under Sebi's new framework. While Indian companies have previously raised ESG debt overseas, L&T's rupee-denominated issuance is a domestic first under Sebi's guidelines. Experts believe the ₹750 million sustainability-linked bond (SLB), anchored by HSBC and offering a 6.35% coupon (competitive by market standards) suggests that investors are willing to back credible ESG-labelled issuances. But whether this debut sparks a broader trend or remains an isolated milestone hinges on a critical factor: investors' willingness to pay the 'greenium" – the difference between the yield or returns investors receive from a green bond versus a similar conventional bond. 'The primary factor will be investor interest and their willingness to offer a green or ESG premium to the bond issue compared to other fixed-income instruments," said Bose Varghese, senior director-ESG at Cyril Amarchand Mangaldas. 'Demand for rupee-denominated ESG bonds has been lukewarm because of the issuers' expectation of a 'green premium' and investors' lack of interest to offer that. But L&T has done it. We can expect more to follow", he said. Global vs local demand Globally, ESG-labelled instruments from Indian companies have seen strong demand. In 2015, Exim Bank issued a $500-million green bond, followed by Axis Bank in 2016. But in India, listed green bond issuance, including municipal bonds, stood at just ₹6,953 crore as of March 2025, according to Sebi data collated by ICRA ESG Ratings Ltd. According to data cited by Nikhil Aggarwal, CEO of investment platform Grip Invest, green bonds outperformed conventional bonds by nearly 2% in 2024. 'The positive response from institutional investors highlights strong demand, which will be critical for future issuances," said Aggarwal. R. Shankar Raman,president, whole-time director & chief financial officer (CFO) at L&T, told Mint the company aims to encourage responsible finance as a strategic pillar. 'We received interest from reputed investors and arrangers who were aligned with the ESG theme. The issuance also enabled us to secure beneficial pricing, reflecting the positive market sentiment toward credible sustainability-linked offerings," he said. Data from Prime Database showed thatIndia's green bond market saw 27 issues totalling ₹8,743 crore between FY21 and FY25. The highest was in FY22, when ₹2,677 crore was raised across 10 issues. Only two issues, worth ₹700 crore, have been recorded so far in FY26. Sebi's ESG bond framework Sebi's 5 June circular introduced a framework covering green, social, sustainability, and sustainability-linked bonds. It mandated KPI-linked disclosures and third-party verification. 'While the framework is robust, its effectiveness will depend on the independence and reputation of the third party hired," said Varghese. 'L&T has long-standing sustainability targets, including carbon and water neutrality," said Heena Khushalani, partner, climate change and sustainability services, EY India. 'For a company with strong internal momentum on ESG and measurable long-term targets, this instrument is flexible and a logical step," she added. Khushalani also pointed out that SLBs often include coupon rate adjustments based on the achievement of sustainability targets. 'If attractive coupon rates—like the 6.35% in L&T's case—become a trend, it'll incentivise more issuers," she said. To be clear, among green bonds with a three-year tenure, Avaada Solaris and Clean Sustainable Energy offer a 6.75% coupon rate, according to data from Prime Database. Still, a shortage of qualified reviewers in India could delay issuances. 'This could create bottlenecks in timely issuance and validation," Aggarwal warned. Khushalani said, 'Sebi, NSE, or platforms like GIFT City could jointly issue guidelines or empanel competent verifiers to mitigate greenwashing risks." The push for sustainable finance is likely to grow, especially among large firms with net-zero commitments. Experts said the Sebi framework has brought regulatory clarity and boosted investor confidence. 'As successful examples emerge, more corporates are likely to explore ESG bonds, not just as a funding tool but as a strategic instrument to align with global investor expectations," said L. Shivakumar, CEO of ICRA ESG Ratings Ltd. Shivakumar also highlighted India's proposed draft climate finance taxonomy, aimed at bringing consistency to ESG disclosures by aligning them with global standards. 'It will provide a structured classification system that enables better comparability and tracking of outcomes," he added. Smaller firms could struggle Despite policy momentum, experts said smaller firms could struggle to participate in the ESG debt market owing to high compliance costs, limited visibility, and weaker secondary-market liquidity. 'So far we have seen only large, reputed Indian corporations issuing ESG-labelled bonds," said Varghese. 'For smaller companies with smaller fund requirements, issuance costs may prove significant." Indian Renewable Energy Development Agency Limited issued a 10-year bond for ₹590 crore in 2019 and Dme Development Limited issued a 10-year bond for ₹775 crore in 2024. An analyst at a rating agency said, 'The real test will be how effectively Sebi ensures enforcement and prevents greenwashing. Without that, the credibility of the entire market is at stake."
Yahoo
2 days ago
- Business
- Yahoo
SLB's OneSubsea secures EPC contract for Northern Lights project
OneSubsea, a joint venture of global technology company SLB, has secured an engineering, procurement and construction (EPC) contract from Equinor for phase two of the Northern Lights carbon capture and storage (CCS) project offshore Norway. This contract signifies a major step in the project following the final investment decision (FID) by Northern Lights' owners – TotalEnergies, Shell and Equinor – and a commercial agreement with an end-use customer. The contract awarded to SLB OneSubsea includes the engineering and construction of two new satellite subsea CO₂ injection systems with associated tie-in equipment. Project work has already begun, with the initial deliveries anticipated in 2026. This contract comes after the successful completion and delivery of two subsea injection systems for the project's first phase in 2023. The Northern Lights project, part of the world's first open-source, full-scale value chain for CO₂ capture, transport and storage services, is set to expand its capacity from 1.5 million tonnes (mt) to a minimum of 5mt of CO₂ per year with phase two. The project's growth is also supported by a grant from the Connecting Europe Facility for Energy funding scheme. SLB OneSubsea CEO Mads Hjelmeland said: 'Equinor's enduring commitment to subsea standardisation is now yielding substantial benefits across new offshore value chains, including CO₂ storage. By utilising standardised components, we achieve reduced risk and economies of scale, which enhance both traditional and innovative subsea projects. 'The Northern Lights project is pivotal for Europe's path toward net-zero emissions, and it is well aligned with our own strategy to expand the frontiers of subsea for a sustainable energy future.' In May 2025, the Northern Lights project received all necessary permits to inject and store CO₂ in the Aurora CCS licence in the North Sea. With phase one development completed and fully booked, the project is poised to start operations in the second half of 2025, offering CO₂ storage services to industrial customers. In a related development, SLB, in partnership with Subsea 7, secured a substantial engineering, procurement, construction and installation contract from bp for the Ginger project offshore Trinidad and Tobago last month. "SLB's OneSubsea secures EPC contract for Northern Lights project" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
3 days ago
- Business
- Yahoo
SLB Warns of Flat Q2 on Saudi and Latin America Activity Slowdown
SLB SLB, the oilfield services giant, anticipates its second-quarter 2025 revenues and core profit to remain flat on a sequential basis, primarily due to an unexpected slowdown in drilling activity in Saudi Arabia and Latin America, per a Reuters report. According to the report, CEO Olivier Le Peuch provided the updated outlook during the J.P. Morgan Energy, Power & Renewables Conference in New York. He noted that actual field activity in the quarter has diverged from the company's original assumptions, particularly in the Middle East and South America. According to Le Peuch, several drilling rigs were demobilized in Saudi Arabia and operations were paused at the Jafurah unconventional gas field. These developments contributed significantly to the softer-than-expected operational performance for the quarter. The Jafurah field, one of the largest shale gas developments outside the United States, has been central to SLB's regional business in recent years, making the pause especially impactful. Meanwhile, in Latin America, SLB reported a decline in short-cycle project activity, further pressuring top-line growth. Short-cycle operations, often associated with faster returns, have become increasingly sensitive to pricing and capital discipline, and the pullback in activity reflects shifting customer behavior in the region. Le Peuch cautioned that the company's margin profile will be affected in the second quarter due to what he described as an unfavorable geographical activity mix. The decline in higher-margin Middle Eastern and Latin American operations, coupled with cost rigidity in service delivery, is likely to weigh on profitability. As a result, SLB expects second-quarter EBITDA to come in flat quarter over quarter, falling slightly below its prior guidance. The CEO also highlighted geopolitical risk in the region, stating that the company's current forecast assumes no disruptions to operations in the Persian Gulf amid ongoing tensions. Any escalation could pose additional downside risks. Despite the operational headwinds, SLB reaffirmed its commitment to its capital return program. The company still plans to return at least $4 billion to shareholders in 2025, signaling confidence in its overall financial resilience and long-term strategic positioning. SLB currently carries a Zack Rank #3 (Hold). Investors interested in the energy sector may look at a few better-ranked stocks like Subsea 7 S.A. SUBCY, W&T Offshore, Inc. WTI and Oceaneering International, Inc. OII. Subsea 7 presently sports a Zacks Rank #1 (Strong Buy), while W&T Offshore and Oceaneering International carry a Zacks Rank #2 (Buy) each. You can see the complete list of today's Zacks #1 Rank stocks here. Subsea 7 helps build underwater oil and gas fields. It is a top player in the Oil and Gas Equipment and Services market, which is expected to grow as oil and gas production moves further offshore. The Zacks Consensus Estimate for SUBCY's 2025 EPS is pegged at $1.31. The company has a Value Score of A. W&T Offshore benefits from its prolific Gulf of America assets, which offer low decline rates, strong permeability, and significant untapped reserves. The company's acquisition of six shallow-water fields in the GoA added 18.7 million barrels of proved reserves and 60.6 million barrels of proved plus probable reserves. The firm is focused on strategically allocating capital toward organic projects, which should boost its production outlook. WTI has a Value Score of B. Oceaneering International delivers integrated technology solutions across all stages of the offshore oilfield lifecycle. With a geographically diverse asset portfolio and a balanced revenue mix between domestic and international operations, the company effectively mitigates risk. As a leading provider of offshore equipment and technology solutions to the energy sector, OII benefits from strong relationships with top-tier customers, ensuring revenue visibility and business stability. The Zacks Consensus Estimate for OII's 2025 EPS is pegged at $1.79. The company has a Value Score of B. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Schlumberger Limited (SLB) : Free Stock Analysis Report W&T Offshore, Inc. (WTI) : Free Stock Analysis Report Oceaneering International, Inc. (OII) : Free Stock Analysis Report Subsea 7 SA (SUBCY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
