SLB · News · 20260806N

Energy Transition Investment

SLB LIMITED/NV · 2026-08-06 · Importance 17 · Surprise 24

SLB’s geopolitical analysis identified geothermal energy as a potential domestic resource for energy security, affordability, and decarbonization. The company highlighted high drilling costs and early-stage resource uncertainty as barriers to investment. It advocated government risk-sharing, streamlined permitting, and favorable revenue frameworks to improve project economics. The article positioned geothermal alongside natural gas, nuclear power, and renewables as part of the broader energy transition.

Key facts

• SLB donated $76 million in-kind of geologic modeling software (PetroMod and Petrel) to Montana State University. source
• SLB's donated software will run on MSU’s Tempest supercomputer to enhance computational geologic modeling capabilities. source
• SLB's geothermal article states geothermal can significantly contribute to the global energy transition by complementing natural gas, nuclear, and renewables. source