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Stock impact report

SLB Announces Agreement to Acquire Majority Ownership in Aker Carbon Capture

Schlumberger N.V. (SLB) 
Last schlumberger n.v. earnings: 4/17 06:50 am Check Earnings Report
US:NYSE Investor Relations: investorcenter.slb.com
Company Research Source: Business Wire
SLB and Aker Carbon Capture will combine technology portfolios, expertise and operations platforms to bring carbon capture solutions to market more quickly and more economically HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced an agreement to combine its carbon capture business with Aker Carbon Capture (ACC) to support accelerated industrial decarbonization at scale.Bringing together complementary technology portfolios, leading process design expertise and an established project delivery platform, the combination will leverage ACC’s commercial carbon capture product offering and SLB’s new technology developments and industrialization capability. It will create a vehicle for accelerating the introduction of disruptive early-stage technology into the global market on a commercial, proven platform. Following the transaction, SLB will own 80% of the combined business and ACC will own 20%.The International Energy Agency (IEA) sees carbon capture, utilization, and sequestration Show less Read more
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