SLB, Aker Carbon Capture Close $380MM Joint Venture

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SLB and Aker Carbon Capture (ACC) have closed their previously announced joint venture, the companies said in a June 14 press release.

In March, SLB said it would pay about $380 million to combine its carbon capture business with that of Aker Carbon Capture, acquiring a majority stake in the Norway-based company.

The new company will be headquartered in Oslo with SLB owning 80% of the new company and ACC ASA owning the remaining 20% stake.