HOUSTON--(BUSINESS WIRE)--Jul 3, 2024--
Regulatory News:
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SLB (NYSE: SLB) has announced the award of a contract by TotalEnergies (NYSE: TTE) to its OneSubsea™ joint venture for a 13-well Subsea Production System scope, including associated equipment and services, in the development of the Kaminho project, offshore Angola. The project will be developed by TotalEnergies and its Block 20/11 partners in two phases for the Cameia and Golfinho discoveries. Together, SLB OneSubsea and TotalEnergies will work to deliver a sustainable project that will improve production in Angola.
During the Kaminho project’s first phase of development for the Cameia field, SLB OneSubsea will collaborate with TotalEnergies to deploy a highly configurable subsea production platform with standardized vertical monobore subsea tree, wellhead, and controls system.
“We are excited for this opportunity to unlock the large potential of the Kaminho project together with TotalEnergies,” said Mads Hjelmeland, CEO of SLB OneSubsea. “Our collaborative contract model enables us to leverage both standardization and highly configurable subsea production platforms, creating greater efficiencies and long-term value for this and future projects in Angola and around the world.”
The Kaminho project overall will involve more than 10 million man-hours in Angola, mainly with offshore operations and construction at local yards. SLB OneSubsea will play a significant role in supporting the Kaminho project locally in Angola for offshore operations including assembly, manufacturing of modules, installation, commissioning, and life-of-field services. First production is targeted for 2028, with an estimated 70,000 barrels of oil per day.
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.
About SLB OneSubsea
SLB OneSubsea is driving the new subsea era that leverages digital and technology innovation to optimize our customers’ oil and gas production, decarbonize subsea operations, and unlock the large potential of subsea solutions to accelerate the energy transition. OneSubsea is a joint venture backed by SLB, Aker Solutions, and Subsea7 headquartered in Oslo and Houston, with 10,000 employees across the world. Find out more at onesubsea.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.
SLB OneSubsea will collaborate with TotalEnergies to deploy a highly configurable subsea production platform with standardized vertical monobore subsea tree, wellhead, and controls system for the Kaminho deepwater project, offshore Angola. (Photo: Business Wire)
DUBAI, United Arab Emirates (AP) — Iran held a runoff presidential election on Friday that pitted a hard-line former nuclear negotiator against a reformist lawmaker. Both men had struggled to convince a skeptical public to cast ballots in the first round of voting that saw the lowest turnout in the Islamic Republic's history.
Early results reported by Iran’s election authority on state television showed reformist candidate Masoud Pezeshkian narrowly ahead of hard-liner Saeed Jalili.
Mohsen Eslami, the election spokesman, said Pezeshkian had 2,904,227 votes trailed by Jalili with 2,815,566 votes, with 5,819,911 votes counted in 13,277 polling stations. There are some 60,000 polling stations and more than 61 million eligible voters.
Government officials up to Supreme Leader Ayatollah Ali Khamenei have predicted a higher participation rate as voting got underway, with state television airing images of modest lines at some polling centers across the country.
However, online videos purported to show some polls empty while a survey of several dozen sites in the capital, Tehran, saw light traffic amid a heavy security presence on the streets.
Polls closed after midnight, after voting was extended as had become tradition in Iran.
Khamenei has insisted the low turnout from the first round on June 28 did not represent a referendum on Iran's Shiite theocracy. However, many remain disillusioned as Iran has been beset by years under crushing economic sanctions, bloody security force crackdowns on mass protests and tensions with the West over Tehran's advancing nuclear program enriching uranium closer than ever to weapons-grade levels.
“I want to save the country from isolation we are stuck in, and from lies and the violence against women because Iranian women don’t deserve to be beaten up and insulted on the street by extremists who want to destroy the country by cutting ties with big countries," voter Ghazaal Bakhtiari said. "We should have ties with America and powerful nations.”
The race pits former negotiator Jalili against reformist Pezeshkian.
Jalili has had a recalcitrant reputation among Western diplomats during negotiations over Iran’s nuclear program, something that is paired with concern at home over his hard-line views on Iran's mandatory headscarf, or hijab. Pezeshkian, a heart surgeon, has campaigned on relaxing hijab enforcement and reaching out to the West, though he too for decades has supported Khamenei and Iran's paramilitary Revolutionary Guard.
Pezeshkian’s supporters have been warning Jalili will bring a “Taliban”-style government into Tehran, while Jalili has criticized Pezeshkian for running a campaign of fear-mongering.
Both contenders voted Friday in southern Tehran, home to many poor neighborhoods. Though Pezeshkian came out on top in the first round of voting on June 28, Jalili has been trying to secure the votes of people who supported hard-line parliamentary speaker Mohammad Bagher Qalibaf, who came in third and later endorsed the former negotiator.
Pezeshkian offered no comments after voting, walking out with former Foreign Minister Mohammad Javad Zarif, who struck Iran's 2015 nuclear deal with world powers. A rambunctious crowd surrounded the men, shouting: “The nation’s hope comes!”
Both Pezeshkian and Jalili hope to replace the 63-year-old late President Ebrahim Raisi died in a May 19 helicopter crash that also killed the country’s foreign minister and several other officials.
Jalili voted at another polling station, surrounded by a crowd shouting: “Raisi, your way continues!”
“Today the entire world admits that it’s the people who decide who’s president for the next four years,” Jalili said afterward. "This is your right to decide which person, which path and which approach should rule the country in the next four years.”
But as has been the case since the 1979 Islamic Revolution, women and those calling for radical change have been barred from the ballot while the vote itself had no oversight from internationally recognized monitors. The country's Interior Ministry, in charge of police, oversees the result.
There have been calls for a boycott, including from imprisoned Nobel Peace Prize laureate Narges Mohammadi, though potential voters in Iran appear to have made the decision not to participate last week on their own as there’s no widely accepted opposition movement operating within or outside of the country.
Khamenei cast one of the election’s first votes Friday from his residence, TV cameras and photographers capturing him dropping the ballot into the box. He insisted those who didn't vote last week were not boycotting the government.
“I have heard that people’s enthusiasm is more than before,“ Khamenei said. “God willing, people vote and choose the best” candidate.
One voter, 27-year-old Yaghoub Mohammadi, said he voted for Jalili in both rounds.
“He is clean, without depending on powerful people in the establishment,” Mohammadi said. “He represents those who have no access to power.”
By Friday night, both hard-line and reformist figures urged the public to vote as lines remained light in Tehran.
“Until a few hours ago I was reluctant to vote,” said Ahmad Safari, a 55-year-old shopkeeper and father of three daughters who voted despite skipping the first round. “But I decided to vote for Pezeshkian because of my children. Maybe they’ll have a better future.”
The vote comes as wider tensions have gripped the Middle East over the Israel-Hamas war in the Gaza Strip. In April, Iran launched its first-ever direct attack on Israel over the war in Gaza, while militia groups that Tehran arms in the region — such as the Lebanese Hezbollah and Yemen’s Houthi rebels — are engaged in the fighting and have escalated their attacks.
Iran also continues to enrich uranium at near weapons-grade levels and maintains a stockpile large enough to build several nuclear weapons, should it choose to do so. And while Khamenei remains the final decision-maker on matters of state, whichever man ends up winning the presidency could bend the country's foreign policy toward either confrontation or collaboration with the West.
More than 61 million Iranians over the age of 18 were eligible to vote, with about 18 million of them between 18 to 30. Voting was to end at 6 p.m. but was extended until midnight to boost participation.
Raisi, who died in the May helicopter crash, was seen as a protégé of Khamenei and a potential successor as supreme leader.
Still, many knew him for his involvement in the mass executions that Iran conducted in 1988, and for his role in the bloody crackdowns on dissent that followed protests over the 2022 death of Mahsa Amini, a young woman detained by police over allegedly improperly wearing the mandatory headscarf, or hijab.
Karimi reported from Tehran, Iran. Associated Press journalists Amir Vahdat and Mehdi Fattahi in Tehran, Iran, contributed to this report.
A policeman casts his vote for the presidential election in a polling station at the shrine of Saint Saleh in northern Tehran, Iran, Friday, July 5, 2024. Iran held a runoff presidential election on Friday that pitted a hard-line former nuclear negotiator against a reformist lawmaker. (AP Photo/Vahid Salemi)
Women fill out their presidential election ballots in a polling station at the shrine of Saint Saleh in northern Tehran, Iran, Friday, July 5, 2024. Iran held a runoff presidential election on Friday that pitted a hard-line former nuclear negotiator against a reformist lawmaker. (AP Photo/Vahid Salemi)
A man fills out his ballot as others line up during the presidential election in a polling station at the shrine of Saint Saleh in northern Tehran, Iran, Friday, July 5, 2024. Iran held a runoff presidential election that pitted a hard-line former nuclear negotiator against a reformist lawmaker. (AP Photo/Vahid Salemi)
An Iranian woman fills out her ballot for the presidential runoff election at a polling station in Tehran, Iran, Friday, July 5, 2024. Iranians are voting in a runoff election to replace the late President Ebrahim Raisi, who was killed in a May helicopter crash in the country’s northwest along with the foreign minister and several other officials. (AP Photo/Vahid Salemi)
Reformist candidate for the Iran's presidential election Masoud Pezeshkian is greeted by his supporters as he arrives to vote at a polling station in Shahr-e-Qods near Tehran, Iran, Friday, July 5, 2024. Iranians are voting in a runoff election to replace the late President Ebrahim Raisi, who was killed in a May helicopter crash in the country’s northwest along with the foreign minister and several other officials. (AP Photo/Vahid Salemi)
An Iranian man fills out his ballot for the presidential runoff election at a polling station in Tehran, Iran, Friday, July 5, 2024. Iranians are voting in a runoff election to replace the late President Ebrahim Raisi, who was killed in a May helicopter crash in the country’s northwest along with the foreign minister and several other officials. (AP Photo/Vahid Salemi)
Voters fill out their ballots for the presidential runoff election at a polling station in Tehran, Iran, Friday, July 5, 2024. Iranians are voting in a runoff election to replace the late President Ebrahim Raisi, who was killed in a May helicopter crash in the country’s northwest along with the foreign minister and several other officials. (AP Photo/Vahid Salemi)
Iranian Supreme Leader Ayatollah Ali Khamenei speaks after casting his vote for the presidential runoff election in Tehran, Iran, Friday, July 5, 2024. Iranians are voting in a runoff election to replace the late President Ebrahim Raisi, who was killed in a May helicopter crash in the country’s northwest along with the foreign minister and several other officials. (AP Photo/Vahid Salemi)
Candidate for the Iran's presidential election Saeed Jalili, a hard-line former nuclear negotiator, casts his vote for the presidential runoff election at a polling station in Qarchak near Tehran, Iran, Friday, July 5, 2024. Iran was holding a runoff presidential election Friday pitting a hard-line former nuclear negotiator against a reformist lawmaker, though both men earlier struggled to convince a skeptical public to cast ballots in the first round that saw the lowest turnout in the Islamic Republic's history. (AP Photo)
Iranian Supreme Leader Ayatollah Ali Khamenei walks towards the ballot box to vote for the presidential runoff election in Tehran, Iran, Friday, July 5, 2024. Iranians are voting in a runoff election to replace the late President Ebrahim Raisi, who was killed in a May helicopter crash in the country’s northwest along with the foreign minister and several other officials. (AP Photo/Vahid Salemi)
Reformist candidate for the Iran's presidential election Masoud Pezeshkian is greeted by his supporters as he arrives to vote at a polling station in Shahr-e-Qods near Tehran, Iran, Friday, July 5, 2024. Iranians are voting in a runoff election to replace the late President Ebrahim Raisi, who was killed in a May helicopter crash in the country’s northwest along with the foreign minister and several other officials. (AP Photo/Vahid Salemi)
Candidate for the Iran's presidential election Saeed Jalili, a hard-line former nuclear negotiator, shakes hand with a supporter after casting his vote for the presidential runoff election in Qarchak near Tehran, Iran, Friday, July 5, 2024. Iran was holding a runoff presidential election Friday pitting a hard-line former nuclear negotiator against a reformist lawmaker, though both men earlier struggled to convince a skeptical public to cast ballots in the first round that saw the lowest turnout in the Islamic Republic's history. (AP Photo)
Candidate for the Iran's presidential election Saeed Jalili, a hard-line former nuclear negotiator, is greeted by his supporters after casting his vote for the presidential runoff election in Qarchak near Tehran, Iran, Friday, July 5, 2024. Iran was holding a runoff presidential election Friday pitting a hard-line former nuclear negotiator against a reformist lawmaker, though both men earlier struggled to convince a skeptical public to cast ballots in the first round that saw the lowest turnout in the Islamic Republic's history. (AP Photo)
Staff members of a polling station prepare ballot papers for the Iranian presidential runoff election at a polling station in Tehran, Iran, Friday, July 5, 2024. Iranians began voting Friday in a runoff election to replace the late President Ebrahim Raisi, killed in a helicopter crash last month, as public apathy has become pervasive in the Islamic Republic after years of economic woes, mass protests and tensions in the Middle East. (AP Photo/Vahid Salemi)
An Iranian man fills out his ballot for the presidential runoff election at a polling station in Tehran, Iran, Friday, July 5, 2024. Iranians began voting Friday in a runoff election to replace the late President Ebrahim Raisi, killed in a helicopter crash last month, as public apathy has become pervasive in the Islamic Republic after years of economic woes, mass protests and tensions in the Middle East. (AP Photo/Vahid Salemi)
An Iranian policeman casts his vote for the presidential runoff election at a polling station in Tehran, Iran, Friday, July 5, 2024. Iranians began voting Friday in a runoff election to replace the late President Ebrahim Raisi, killed in a helicopter crash last month, as public apathy has become pervasive in the Islamic Republic after years of economic woes, mass protests and tensions in the Middle East. (AP Photo/Vahid Salemi)
This combination of photos shows Iranian presidential election candidates Masoud Pezeshkian, left, a reformist lawmaker and a former Health Minister, and Saeed Jalili, a hard-line former senior nuclear negotiator, during their campaigns, in Tehran, Iran. (AP Photo/Vahid Salemi, File)
An Iranian woman fills out her ballot for the presidential runoff election at a polling station in Tehran, Iran, Friday, July 5, 2024. Iranians began voting Friday in a runoff election to replace the late President Ebrahim Raisi, killed in a helicopter crash last month, as public apathy has become pervasive in the Islamic Republic after years of economic woes, mass protests and tensions in the Middle East. (AP Photo/Vahid Salemi)
Iranian Supreme Leader Ayatollah Ali Khamenei arrives to vote for the presidential runoff election in Tehran, Iran, Friday, July 5, 2024. Iranians began voting Friday in a runoff election to replace the late President Ebrahim Raisi, killed in a helicopter crash last month, as public apathy has become pervasive in the Islamic Republic after years of economic woes, mass protests and tensions in the Middle East. A picture of the late revolutionary founder Ayatollah Khomeini hangs on top right. (AP Photo/Vahid Salemi)
Candidate for the presidential election Saeed Jalili, a former Iranian top nuclear negotiator, gestures in a meeting with a group of athlete supporters at a sport hall in his campaigns in Tehran, Iran, Sunday, June 30, 2024. Comments suggesting that Iran's reformist presidential candidate could increase government-set gasoline prices have raised fears of a repeat of nationwide protests. (AP Photo/Vahid Salemi)
Reformist candidate for the Iran's presidential election Masoud Pezeshkian waves as he arrives to vote at a polling station in Shahr-e-Qods near Tehran, Iran, Friday, July 5, 2024. Iranians began voting Friday in a runoff election to replace the late President Ebrahim Raisi, killed in a helicopter crash last month, as public apathy has become pervasive in the Islamic Republic after years of economic woes, mass protests and tensions in the Middle East. (AP Photo/Vahid Salemi)
In this photo made available by Iranian state-run TV, IRIB, Iranian presidential candidate Saeed Jalili, left, a hard-line former nuclear negotiator, and reformist candidate Masoud Pezeshkian greet one another at the conclusion of a debate at the TV studio in Tehran, Iran, Monday, June 1, 2024. (Morteza Fakhri Nezhad/IRIB via AP)
Iranian Supreme Leader Ayatollah Ali Khamenei waves after casting his vote for the presidential runoff election in Tehran, Iran, Friday, July 5, 2024. Iranians began voting Friday in a runoff election to replace the late President Ebrahim Raisi, killed in a helicopter crash last month, as public apathy has become pervasive in the Islamic Republic after years of economic woes, mass protests and tensions in the Middle East. (AP Photo/Vahid Salemi)
Iranian Supreme Leader Ayatollah Ali Khamenei casts his vote for the presidential runoff election in Tehran, Iran, Friday, July 5, 2024. (AP Photo/Vahid Salemi)
