Schlumberger's Competitors, Subsea 7 and Aker Solutions, Better Watch Out! The Global Giants Join Forces to Create an Underwater Engineering Company Promising to Reduce CO2 Emissions Offshore!

Schlumberger’s Competitors, Subsea 7 and Aker Solutions, Better Watch Out! The Global Giants Join Forces to Create an Underwater Engineering Company Promising to Reduce CO2 Emissions Offshore!

Written by Flavia Marinho

Published on 30/08/2022 at 17:01

Schlumberger, Aker Solutions e Subsea 7 anunciaram hoje um acordo para formar uma joint venture – Imagem Subsea 7

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Aker Will Receive US$ 700 Million in Cash and Stock from Schlumberger as Part of the Agreement, and Expects to Record US$ 1 Billion in Profit at Closing!

The American engineering company Schlumberger and Norway’s Aker Solutions, announced today an agreement to form a joint venture, merging their subsea oil and gas construction businesses and bringing a third rival, Oslo-listed Subsea 7, as a partner, the companies said.

The agreement will bring together a portfolio of innovative technologies, such as subsea gas compression, fully electric subsea production systems, and other electrification capabilities that help clients achieve their decarbonization goals.

“As investment in the offshore market – particularly in deep waters – continues to rise, our clients will benefit from enhanced services that leverage digital and technological innovation to drive better performance of subsea assets, increasing energy efficiency and reducing CO2 emissions,” said Olivier Le Peuch, CEO of Schlumberger. “We look forward to collaborating with Aker Solutions and our subsea integration partner Subsea 7 on this new venture.”

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The Combined Business Between The Oil Multinationals Will Have Approximately 9,000 Employees Worldwide!

The agreement will leave Schlumberger with a 70% stake in the planned joint venture, while Aker Solutions receives 20% and Subsea 7 10%, the companies said in a joint statement.

The combined business will have approximately 9,000 employees worldwide, and the estimated synergy potential is over US$ 100 million per year in the medium term, they added.

The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the second half of 2023.

More information about the proposed transaction is available on Schlumberger’s investor relations website, which can be accessed HERE.

Schlumberger’s Competitors, Subsea 7 and Aker Solutions, Better Watch Out! The Global Giants Join Forces to Create an Underwater Engineering Company Promising to Reduce CO2 Emissions Offshore!

Aker Will Receive US$ 700 Million in Cash and Stock from Schlumberger as Part of the Agreement, and Expects to Record US$ 1 Billion in Profit at Closing!

The Combined Business Between The Oil Multinationals Will Have Approximately 9,000 Employees Worldwide!

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Schlumberger’s Competitors, Subsea 7 and Aker Solutions, Better Watch Out! The Global Giants Join Forces to Create an Underwater Engineering Company Promising to Reduce CO2 Emissions Offshore!

Aker Will Receive US$ 700 Million in Cash and Stock from Schlumberger as Part of the Agreement, and Expects to Record US$ 1 Billion in Profit at Closing!

The Combined Business Between The Oil Multinationals Will Have Approximately 9,000 Employees Worldwide!

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

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