SLB is expanding in CCS
SLB buys majority of Aker Carbon Capture for $380m
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
Global energy technology major SLB has agreed to buy 80% of Norway’s Aker Carbon Capture for NOK4.12b ($380m) in a deal designed to accelerate the scale-up of new CCS technologies to bring down costs. The deal is one of the most significant in the CCS technology sector in recent years and could trigger further consolidation as competition for large industrial projects intensifies. Deployment of CCS and CCUS technology is accelerating, especially in the US market where the Inflation Reduction Act has further enhanced the existing 45Q tax credit regime. However, high costs continue to hamper investment in many cases. “For CCUS to have the expected impact on supporting global net-zero ambitions
Also in this section
1 April 2026
Emerging industry must work with policymakers to convince a broader pool of investors to buy into its long-term potential
12 March 2026
Role of world’s largest carbon cap-and-trade market under scrutiny as war in Iran threatens to drive EU energy costs to unsustainable levels
10 March 2026
Europe urgently needs to bring more projects to FID, as CCS investors warn they might divert capital to faster-growing regions
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment
