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

Be the first to react!

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.”

ARTICLE CONTINUES BELOW

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!

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

With 70 tons of rock removed by hand and an 800-year-old abandoned cave, a former businessman transforms a dark shelter into a modern home carved in the heart of the forest.

Scientists have created a material six times lighter than air, 75 times lighter than styrofoam, and that becomes stronger the more it is compressed: aerographite seems impossible, but it can reinforce structures, batteries, and satellites.

Son of a Chinese immigrant who sold tea in the countryside of São Paulo, Zhang Ye almost went bankrupt in 2021 and today, at 28 years old, claims to earn 1 million reais per day and has become the number 1 on TikTok Shop in Latin America.

New oral medication for hair loss surprises in tests with more than 500 participants, uses extended-release minoxidil, shows hair growth four times greater than the placebo, and now raises expectations about when it might reach the market.

The military spaceplane that almost took the Cold War into orbit: Boeing X-20 Dyna-Soar was designed to re-enter above Mach 20, fly for up to 40 hours, land like a plane, and transform Titan rockets into a gateway to a new era of orbital warfare.

Foreign tree planted to combat drought invades more than 1 million hectares of the Caatinga, encroaches on riparian forests, and turns an old solution for the semi-arid region into a silent threat to biodiversity.

Hidden in Shenzhen, a Chinese company claims to ship over 20,000 orders a day and promises to turn any dropshipping beginner into a respected brand for just 20 dollars.

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!

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

With 70 tons of rock removed by hand and an 800-year-old abandoned cave, a former businessman transforms a dark shelter into a modern home carved in the heart of the forest.

Scientists have created a material six times lighter than air, 75 times lighter than styrofoam, and that becomes stronger the more it is compressed: aerographite seems impossible, but it can reinforce structures, batteries, and satellites.

Oil returns to the center of concerns with tension between the US and Iran

IEA reduces forecast for global oil demand in 2026 after impacts of the Middle East crisis

Bank of Japan raises interest rates to 1%, reaching the highest level in over three decades

ANP halts LPG reform, and Sindigás sees technical caution as a decisive point for safety, investments, and the future of the cylinder in Brazil.

Oil spill in the Caribbean raises environmental alert and increases tension between Venezuela and Trinidad and Tobago

Son of a Chinese immigrant who sold tea in the countryside of São Paulo, Zhang Ye almost went bankrupt in 2021 and today, at 28 years old, claims to earn 1 million reais per day and has become the number 1 on TikTok Shop in Latin America.

New oral medication for hair loss surprises in tests with more than 500 participants, uses extended-release minoxidil, shows hair growth four times greater than the placebo, and now raises expectations about when it might reach the market.

The military spaceplane that almost took the Cold War into orbit: Boeing X-20 Dyna-Soar was designed to re-enter above Mach 20, fly for up to 40 hours, land like a plane, and transform Titan rockets into a gateway to a new era of orbital warfare.

Foreign tree planted to combat drought invades more than 1 million hectares of the Caatinga, encroaches on riparian forests, and turns an old solution for the semi-arid region into a silent threat to biodiversity.

Hidden in Shenzhen, a Chinese company claims to ship over 20,000 orders a day and promises to turn any dropshipping beginner into a respected brand for just 20 dollars.