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On Mon, 19 Aug, 4:04 PM UTC
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SLB and Palo Alto Networks Expand Collaboration to Strengthen Cybersecurity for the Energy Sector - Schlumberger (NYSE:SLB), Palo Alto Networks (NASDAQ:PANW)
Digital transformation in the energy industry continues to drive comprehensive cybersecurity solutions in the face of growing cyber threats HOUSTON and SANTA CLARA, Calif., Aug. 19, 2024 /PRNewswire/ -- Global energy technology company SLB SLB and global cybersecurity leader Palo Alto Networks PANW today announced they are expanding their collaboration to strengthen cybersecurity for the energy sector. The companies will combine SLB's cloud and edge technologies and domain expertise in the energy industry with Palo Alto Networks cross-industry, platform-based cybersecurity solutions. This will not only help SLB remain on the forefront with its own security infrastructure, but also help drive future enhanced solutions to address evolving cyber threats as the industry's adoption of digital solutions and artificial intelligence accelerates. "The maturation of our industry's digital transformation makes cybersecurity paramount to our operations, and the digital solutions we offer to our customers," said Olivier Le Peuch, chief executive officer, SLB. "Through this collaboration, we will continue to enhance and strengthen our role as our customers' digital partner of choice." As part of the collaboration, SLB will adopt Palo Alto Networks Precision AI™-powered cybersecurity platforms, including Prisma® SASE, Prisma Cloud, and Cortex XSIAM® in its technology stack. These platforms will enable SLB to achieve comprehensive security across its network, cloud and edge platforms, enabling thousands of domain and AI users on SLB's Delfi™ digital platform to collaborate in a safe and secure environment. The two companies also will develop and implement solutions for edge products and services, which will be critical as more energy customers move toward automated and autonomous operations. "Through platformization, organizations can simplify their management processes, reduce their total cost of ownership (TCO), and enhance their security outcomes," said Nikesh Arora, chairman and chief executive officer, Palo Alto Networks. "Palo Alto Networks commends SLB for their forward-looking approach in shaping the future of the energy industry through secure and innovative solutions. Their vision for modern IT transformation through platformization, aligns with our own commitment to safeguarding critical infrastructure and driving technological advancement. Together, we can build a resilient and secure energy ecosystem that meets the challenges of tomorrow." About Palo Alto Networks Palo Alto Networks is the global cybersecurity leader, committed to making each day safer than the one before with industry-leading, AI-powered solutions in network security, cloud security and security operations. Powered by Precision AI, our technologies deliver precise threat detection and swift response, minimizing false positives and enhancing security effectiveness. Our platformization approach integrates diverse security solutions into a unified, scalable platform, streamlining management and providing operational efficiencies with comprehensive protection. From defending network perimeters to safeguarding cloud environments and ensuring rapid incident response, Palo Alto Networks empowers businesses to achieve Zero Trust security and confidently embrace digital transformation in an ever-evolving threat landscape. This unwavering commitment to security and innovation makes us the cybersecurity partner of choice. At Palo Alto Networks, we're committed to bringing together the very best people in service of our mission, so we're also proud to be the cybersecurity workplace of choice, recognized among Newsweek's Most Loved Workplaces (2021-2024), with a score of 100 on the Disability Equality Index (2024, 2023, 2022), and HRC Best Places for LGBTQ+ Equality (2022). For more information, visit www.paloaltonetworks.com. About SLB SLB 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. Media Contacts: Nicole Hockin - VP Global Communications Palo Alto Networks nhockin@paloaltonetworks.com Moira Duff - Director of External Communications SLB Tel: +1 (713) 375-3407 media@slb.com Investors Ryan Fenwick Sr. Manager - Investor Relations Palo Alto Networks ir@paloaltonetworks.com James R. McDonald - SVP of Investor Relations & Industry Affairs Joy V. Domingo - Director of Investor Relations SLB Tel: +1 (713) 375-3535 investor-relations@slb.com View original content to download multimedia:https://www.prnewswire.com/news-releases/slb-and-palo-alto-networks-expand-collaboration-to-strengthen-cybersecurity-for-the-energy-sector-302225076.html SOURCE Palo Alto Networks, Inc. Market News and Data brought to you by Benzinga APIs
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SLB and Palo Alto Networks Expand Collaboration to Strengthen Cybersecurity for the Energy Sector
Digital transformation in the energy industry continues to drive comprehensive cybersecurity solutions in the face of growing cyber threats HOUSTON and SANTA CLARA, Calif., Aug. 19, 2024 /PRNewswire/ -- Global energy technology company SLB (NYSE: SLB) and global cybersecurity leader Palo Alto Networks (NASDAQ: PANW) today announced they are expanding their collaboration to strengthen cybersecurity for the energy sector. The companies will combine SLB's cloud and edge technologies and domain expertise in the energy industry with Palo Alto Networks cross-industry, platform-based cybersecurity solutions. This will not only help SLB remain on the forefront with its own security infrastructure, but also help drive future enhanced solutions to address evolving cyber threats as the industry's adoption of digital solutions and artificial intelligence accelerates. "The maturation of our industry's digital transformation makes cybersecurity paramount to our operations, and the digital solutions we offer to our customers," said Olivier Le Peuch, chief executive officer, SLB. "Through this collaboration, we will continue to enhance and strengthen our role as our customers' digital partner of choice." As part of the collaboration, SLB will adopt Palo Alto Networks Precision AI™-powered cybersecurity platforms, including Prisma® SASE, Prisma Cloud, and Cortex XSIAM® in its technology stack. These platforms will enable SLB to achieve comprehensive security across its network, cloud and edge platforms, enabling thousands of domain and AI users on SLB's Delfi™ digital platform to collaborate in a safe and secure environment. The two companies also will develop and implement solutions for edge products and services, which will be critical as more energy customers move toward automated and autonomous operations. "Through platformization, organizations can simplify their management processes, reduce their total cost of ownership (TCO), and enhance their security outcomes," said Nikesh Arora, chairman and chief executive officer, Palo Alto Networks. "Palo Alto Networks commends SLB for their forward-looking approach in shaping the future of the energy industry through secure and innovative solutions. Their vision for modern IT transformation through platformization, aligns with our own commitment to safeguarding critical infrastructure and driving technological advancement. Together, we can build a resilient and secure energy ecosystem that meets the challenges of tomorrow." About Palo Alto Networks Palo Alto Networks is the global cybersecurity leader, committed to making each day safer than the one before with industry-leading, AI-powered solutions in network security, cloud security and security operations. Powered by Precision AI, our technologies deliver precise threat detection and swift response, minimizing false positives and enhancing security effectiveness. Our platformization approach integrates diverse security solutions into a unified, scalable platform, streamlining management and providing operational efficiencies with comprehensive protection. From defending network perimeters to safeguarding cloud environments and ensuring rapid incident response, Palo Alto Networks empowers businesses to achieve Zero Trust security and confidently embrace digital transformation in an ever-evolving threat landscape. This unwavering commitment to security and innovation makes us the cybersecurity partner of choice. At Palo Alto Networks, we're committed to bringing together the very best people in service of our mission, so we're also proud to be the cybersecurity workplace of choice, recognized among Newsweek's Most Loved Workplaces (2021-2024), with a score of 100 on the Disability Equality Index (2024, 2023, 2022), and HRC Best Places for LGBTQ+ Equality (2022). For more information, visit www.paloaltonetworks.com. 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.
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SLB and Palo Alto Networks announce an expanded collaboration to strengthen cybersecurity in the energy sector. The partnership aims to address the growing cyber threats faced by energy companies worldwide.
SLB, formerly known as Schlumberger, and Palo Alto Networks have announced an expansion of their collaboration to bolster cybersecurity measures in the energy sector. This partnership comes at a crucial time when energy companies worldwide are facing increasingly sophisticated cyber threats 1.
The primary goal of this expanded collaboration is to provide enhanced protection for critical infrastructure in the energy industry. By combining SLB's domain expertise in energy with Palo Alto Networks' advanced cybersecurity technologies, the partnership aims to create more robust and effective security solutions 2.
Energy companies stand to gain significantly from this partnership. The integrated solutions will offer:
This collaboration is expected to have a substantial impact on the energy sector's cybersecurity landscape. As cyber threats continue to evolve, partnerships like this one between industry leaders are becoming increasingly crucial in safeguarding critical infrastructure 1.
Murat Ozkan, General Manager of Digital Security Solutions at SLB, emphasized the importance of this collaboration in addressing the unique cybersecurity challenges faced by the energy sector. BJ Jenkins, President at Palo Alto Networks, highlighted the significance of securing critical infrastructure and expressed enthusiasm about working with SLB to enhance cybersecurity in the energy industry 2.
While specific financial details of the collaboration were not disclosed, industry analysts expect this partnership to strengthen both companies' positions in the energy sector cybersecurity market. The move is seen as a strategic step in addressing the growing demand for specialized cybersecurity solutions in critical infrastructure industries.
SLB (formerly Schlumberger) and Aker BP are accelerating the co-development of an AI-driven digital platform to enhance oil and gas operations. The collaboration aims to improve efficiency, reduce costs, and minimize environmental impact in the industry.
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Saudi Aramco and SLB (formerly Schlumberger) have signed a framework agreement to develop digital sustainability technologies. The collaboration aims to address climate change and advance sustainable energy solutions.
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Palo Alto Networks partners with IBM and the UK Home Office to enhance security for Great Britain's Emergency Services Network, leveraging AI-powered cybersecurity solutions.
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Palo Alto Networks, a leader in AI-powered cybersecurity, announces its participation in the upcoming UBS Technology Conference, highlighting its commitment to innovation and investor relations.
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Palo Alto Networks reports strong Q2 fiscal 2025 results, beating revenue and earnings estimates. The company's success is attributed to increased demand for AI-driven cybersecurity solutions and cloud investments.
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