The American oilfield services company Schlumberger NV (SLB) and Aker Carbon Capture (ACC) have closed a deal to create a joint venture in the energy sector. This is reported in the SLB press release.
The new company combines technologies, expertise and operational platforms to accelerate the implementation of carbon capture technology, including Just Catch and Big Catch modular plant technologies for medium and large-scale installations, as well as Just Catch Offshore for offshore gas turbines, as part of a large-scale industrial decarbonization.
In March 2024, SLB acquired a controlling stake in Aker Carbon Capture for $381.85 million. Currently, the joint venture has seven technological installations that are capable of capturing up to 1 million tons of CO2 emissions per year. After closing the transaction, SLB becomes the owner of 80% of the shares of the joint venture, and ACC ASA – 20% of the shares. The headquarters of the new company will be located in Oslo.
SLB is a global technology company in the energy sector. The company develops innovations for the oil and gas industry, implements digital technologies, and is also engaged in decarbonizing industries, developing new energy systems as part of the transition to clean energy. The company's main operating centers are located in Houston, Paris, London and The Hague.
Aker Carbon Capture is a carbon dioxide capture company in sectors related to carbon dioxide emissions, including cement and blue hydrogen production, as well as bio– and waste-to-energy processing. The company offers modular carbon capture plants. The headquarters is located in Lysaker (Norway).
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