Schlumberger, Chevron, Microsoft and Clean Energy Systems, a manufacturer of energy-efficient combustion technology, agreed to create the joint venture. Financial terms were not disclosed. “We are diversifying our portfolio of projects with partnerships in selected markets and geographies where existing policies and regulations can make projects attractive today. This unique BECCS project in California is a game-changing example of this," “Ashok Belani, Schlumberger New Energy Executive Vice President.