HOUSTON--(BUSINESS WIRE)--Dec 23, 2025--
Global technology company SLB (NYSE: SLB) has been awarded a five-year contract by Aramco to provide stimulation services for its unconventional gas fields. This award is part of a broader multi-billion contract, supporting one of the largest unconventional gas development programs globally.
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The contract encompasses advanced stimulation, well intervention, frac automation, and digital solutions, which are important to unlocking the potential of Saudi Arabia’s unconventional gas resources — a cornerstone of the Kingdom’s strategy to diversify its energy portfolio and support the global energy transition.
“This agreement is an important step forward in Aramco’s efforts to diversify its energy portfolio in line with Vision 2030 and energy transition goals,” said Steve Gassen, executive vice president, Geographies, SLB. “With world-class technology, deep local expertise, and a proven track record in safety and service quality, SLB is well positioned to deliver tailored solutions that could help redefine operational performance in the development of Saudi Arabia’s unconventional resources.”
These solutions provide the tools to work toward new performance benchmarks in unconventional gas development.
About SLB
SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
Cautionary Statement Regarding Forward-Looking Statements:
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB’s new technologies and partnerships; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of SLB’s strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
The contract encompasses advanced stimulation, well intervention, frac automation, and digital solutions, which are important to unlocking the potential of Saudi Arabia’s unconventional gas resources.
Portland, which is welcoming a WNBA team back to the city after 24 years, selected veteran forward Bridget Carleton with the first pick in Friday's expansion draft.
Guard Julie Allemand, who played last season for the Los Angeles Sparks, was selected by the Toronto Tempo with its first pick.
The Tempo won a coin flip and opted to take the sixth pick in the college draft on April 13 over the top pick in the expansion draft. So Portland went first on Friday and will have the seventh pick in the college draft.
Carleton, who has played for the last seven seasons for the Minnesota Lynx and averaged 6.5 points and 3.6 rebounds a game last season off the bench, was an unrestricted free agent.
“Once we finalized our process, and zoomed in on Bridget, and knew we had our first expansion pick, it was obvious we did not want to have Toronto hold our destiny in their hands," Portland general manger Vanja Cernivec said.
Allemand averaged 5.4 points, 3.7 rebounds and 5 assists in 34 games last season.
“This group gives us the ability to compete from day one while continuing to build, and embraces the opportunity to help shape something new in a new country as Canada’s first WNBA team,” Toronto general manager Monica Wright Rogers said.
The league's teams protected five players apiece ahead of the expansion draft but those lists were not made public, leading to speculation about which players were available.
On Wednesday, the Chicago Sky announced trades with the Tempo and the Fire, which prevented the expansion teams from selecting Sky players. In exchange, the Fire got the No. 17 pick in the college draft and the No. 26 pick went to the Tempo.
The expansion draft had two rounds, with up to six picks for each team in each round. The teams alternated picks, with the Tempo picking first in the second round after the Fire got the first overall selection.
Teams could only lose two players to the expansion draft. If a player was taken in the first round, a second player from that same franchise couldn't be taken until the second round.
Following Allemand, the Tempo selected center Nyara Sabally from the Liberty, guard Marina Mabrey from the Sun, forward Aaliya Nye from the Aces, guard Lexi Held from the Mercury, and forward Maria Conde from the Valkyries.
In the second round the Tempo selected forward Maria Kliundikova from the Lynx, center Adja Kane from the Liberty, center Nikolina Milic from the Sun, guard Kitija Laksa from the Mercury, and guard Kristy Wallace from the Fever.
After Carleton, the Portland Fire selected guard Carla Leite from the Valkyries, center Luisa Geiselsoder from the Stars, forward Emily Engstler from the Mystics, guard Maya Caldwell from the Dream and forward Chloe Bibby from the Fever.
In the second round Portland took guard Haley Jones from the Wings, forward Nyadiew Puoch from the Dream, guard Sara Ashlee Barker from the Sparks, guard Sug Sutton from the Mystics and guard Nika Muhl from the Storm.
Mabry was also an unrestricted free agent. Each team was allowed to pick only one unrestricted free agent.
The teams still do not know when free agency will open. More than 80% of the players are free agents this year, as many players have expiring contracts or opted out of the previous collective bargaining agreement.
The college draft is set for April 13 and training camps open on April 19. The season will start on May 8.
The Tempo and Fire join the WNBA as the league's 14th and 15th teams. Portland previously had a WNBA team, also called the Fire, that played from 2000 to 2002.
AP WNBA: https://apnews.com/hub/wnba-basketball
Toronto Tempo general manager Monica Wright Rogers, right, and assistant general manager Eli Horowitz pose for a photo after speaking to media following the WNBA Expansion Draft in Toronto, Friday, April 3, 2026. (Sammy Kogan/The Canadian Press via AP)
FILE - Minnesota Lynx forward Bridget Carleton (6) dribbles the ball up court against the Phoenix Mercury during the second half of Game 2 of a WNBA basketball playoff semifinals series Tuesday, Sept. 23, 2025, in Minneapolis. (AP Photo/Matt Krohn, File)
