SLB and Aker Carbon Capture Finalize NOK 4.12B Joint Venture

SLB (SLB) , an American oilfield services company, and Norwegian carbon capture specialist Aker Carbon Capture (“ACC”) have finalized their joint venture (JV). This partnership includes ACC’s sale of 80% of its shares in Aker Carbon Capture Holding (“ACCH”) to an SLB subsidiary.The transaction, initially announced in March, involves SLB paying NOK 4.12 billion (approximately $385.7 million) in cash for the majority stake in ACCH. SLB will also integrate its own carbon capture business into the JV, while ACC ...