Schlumberger pivots portfolio towards net zero
Firm sets aggressive new 2050 decarbonisation promise with rare scope three emissions detail
US oilfield services provider Schlumberger has become the latest oil and gas firm to pledge net-zero emissions by 2050. The decarbonisation drive includes scope three emissions, making Schlumberger the first energy services company to cover indirect customer emissions. The three-pronged company roadmap commits Schlumberger to several interim emissions targets. The company aims to reduce scope one and two emissions by 30pc by 2025, using 2019 as the baseline year. By 2030, Schlumberger expects to cut this down further to 50pc, as well as scope three greenhouse gas emissions by 30pc, before hitting the final net-zero target in 2050. Uniquely, the company is targeting its entire value chain rat
Also in this section
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent






