Zacks Investment Research
13 Jul 2026, 13:51 UTC · 2h ago
SLB OneSubsea Wins Eni's Major Umbilical Contract for Offshore Growth
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
Zacks Investment Research
13 Jul 2026, 13:51 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
2 claims · each scored for market impact
SLB's OneSubsea joint venture secured a major contract from Eni North Ganal Limited for the Kutei North Hub development in Indonesia. — The contract involves one of the largest umbilical systems in the industry, directly increasing SLB's subsea order backlog and future cash flow.
+0.40The project requires the manufacture of 94.6 kilometers of steel-tube umbilicals for water depths up to 2,200 meters. — This demonstrates SLB's technical capability to handle high-complexity, deepwater environments, positioning them for more high-margin contracts.
+0.20Which stocks this story touches
Secured a major deepwater contract in Indonesia, strengthening its order backlog and leadership in subsea developments.
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Company is assigned a Zacks Rank #5 (Strong Sell) despite being a partner in the mentioned project.
Mentioned as a better-ranked stock in the energy sector with a Zacks Rank #2 (Buy).
Mentioned as a better-ranked stock in the energy sector.
[mutual] SLB and Eni maintain a long-term partnership, evidenced by a major subsea contract via the OneSubsea joint venture.
[b_to_a] An Eni-led joint venture (Searah Limited/Eni North Ganal) awarded a major subsea contract to SLB.
[a_to_b] SLB will engineer, procure, and manufacture steel-tube umbilicals for a project involving Eni's joint venture subsidiary.
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