Liquid Robotics Inc. and Schlumberger Ltd. (SLB) announced the formation of Liquid Robotics Oil & Gas, a joint venture to develop services for the oil and gas industry using Wave Gliders. The joint venture would combine Liquid Robotics Wave Glider technology with Schlumberger oil and gas expertise and industry knowledge to integrate and deploy new solutions for customers worldwide.
Both Schlumberger and Liquid Robotics have equal ownership of the joint venture. Liquid Robotics would provide fleets of Wave Gliders together with relevant engineering, piloting and maintenance expertise, while Schlumberger brings their upstream technology and market leadership. This joint venture would be the exclusive distributor of Wave Glider products and services to oil and gas customers globally.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.