Schlumberger, Aker Solutions and Subsea 7 formed a joint venture OneSubsea, a provider of integrated solutions, products, systems and services for the subsea oil and gas market. Schlumberger holds a 70% equity stake in the joint venture, with Aker Solutions holding 20%. Subsea7 holds 10% of the joint venture. “OneSubsea’s extensive technology portfolio and engineering expertise enable us to address future market trends and needs at a unique scale. In doing so, we aim to fulfil our purpose of expanding the frontiers of subsea to drive a sustainable energy future. We will accelerate innovation and contribute to the ambition of our customers to optimize their production and reduce emissions in their subsea operations,” Mads Hjelmeland, OneSubsea CEO.