Aker Carbon Capture plans strategy decision as Schlumberger joint venture progresses

Aker Carbon Capture is working on its future strategy and structure following its joint venture with Schlumberger. A decision is expected by the first quarter of 2025. The joint venture, finalized in the second quarter, resulted in a gain of 4.89 billion Norwegian kroner ($446 million) for Aker. Schlumberger now owns 80% of Aker Carbon Capture. In the third quarter, Aker reported a net loss of 46.6 million kroner, up from a loss of 39.8 million kroner a year earlier. The company has 4.55 billion kroner in cash.