SLB, an American oilfield services company, agreed to acquire an 80% stake in Aker Carbon Capture, a pure-play carbon capture company, for $382m. “For CCUS to have the expected impact on supporting global net-zero ambitions, it will need to scale up 100-200 times in less than three decades. Crucial to this scale-up is the ability to lower capture costs, which often represent as much as 50-70% of the total spend of a CCUS project. We are excited to create this business with ACC to accelerate the deployment of carbon capture technologies that will shift the economics of carbon capture across high-emitting industrial sectors,” Olivier Le Peuch, SLB CEO.