SLB OneSubsea awarded major umbilical contract by Eni

1 min read | Published on 09 Jul 2026, 07:21 PM |Updated on 09 Jul 2026, 07:48 PM

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Ashish TScanX News Team

Key Highlights

SLB OneSubsea secured a major contract from Eni to supply umbilicals for an offshore Indonesia project, covering engineering and construction. Separately, Halliburton deployed LOGIX automation at an Eni deepwater well, achieving regional firsts in closed-loop drilling automation and improving efficiency by over 15%.

*this image is generated using AI for illustrative purposes only.

SLB OneSubsea has been awarded a major contract by Eni for the supply of umbilicals for an offshore Indonesia project. The agreement encompasses the engineering, procurement, and construction of the umbilical systems, which are critical for the control and monitoring of subsea production equipment. This contract reinforces the strategic partnership between SLB OneSubsea and Eni in the Asia Pacific region.

The project will leverage SLB OneSubsea's manufacturing capabilities and technical expertise to deliver the umbilicals. The systems will facilitate hydraulic, electric, and fiber optic connections between the surface facilities and the subsea infrastructure. This award highlights the continued investment in offshore Indonesia's energy sector.

Separately, Halliburton recently deployed its LOGIX automation and remote operations tool at Eni's deepwater exploration well in offshore Indonesia. That operation marked the first deployment in the Asia Pacific region integrating full rig automation with Managed Pressure Drilling (MPD). The collaboration combined Eni’s operational expertise with Halliburton’s automation solutions to align drill floor control, subsurface automation, and pressure management within a single system.

The LOGIX Orchestration service coordinated drilling and tripping execution in a single workflow, removing the traditional separation between drilling execution and pressure management. This system delivered consistent performance and reliable pressure control in wells characterized by narrow operating margins. The combination of LOGIX Orchestration and MPD improved efficiency by more than 15% while maintaining well control.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How will the successful deployment of Halliburton's LOGIX tool influence Eni's future drilling strategies in other Asia Pacific deepwater projects?

Could the efficiency gains from the LOGIX and MPD integration accelerate the development timeline for Eni's offshore Indonesia assets?

Is the SLB OneSubsea contract a precursor to further subsea infrastructure expansion in Indonesia by Eni?

UBS raises Halliburton price target to $40, maintains Neutral

0 min read | Published on 02 Jul 2026, 09:09 PM |Updated on 02 Jul 2026, 09:09 PM

Reviewed by

Radhika SScanX News Team

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Key Highlights

UBS analyst Josh Silverstein maintained a Neutral rating on Halliburton and increased the price target to $40 from $39, signaling a slight adjustment in the stock's valuation outlook.

*this image is generated using AI for illustrative purposes only.

UBS analyst Josh Silverstein has maintained a Neutral rating on Halliburton and raised the price target to $40 from $39. The revised target indicates a modest adjustment in the valuation outlook for the energy services company.

Rating and Price Target

The research note updates the investment stance on Halliburton shares, which trade on the NYSE under the ticker HAL. The decision to hold the rating at Neutral suggests the stock is expected to perform largely in line with the broader market.