SLB Acquires Majority Stake in Aker Carbon Capture

SLB has agreed to pay almost $400 million to acquire 80% of Norwegian company Aker Carbon Capture. This partnership will help scale industrial decarbonization. 

Aker Carbon Capture’s proprietary technology has over 60,000 operating hours. This new joint venture with SLB will allow them to scale even further. 

Carbon capture is expected to play a critical role in global decarbonization. Experts agree that we need to be removing roughly 1 gigaton of carbon from the atmosphere every year by 2030. By 2050, that figure looks closer to 6 (or more!) gigatons per year. 

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