SLB and Aker Carbon Capture Finalize NOK 4.12B Joint Venture [Yahoo! Finance]
Archrock, Inc. (AROC)
Last archrock, inc. earnings: 2/19 07:16 pm
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Source: Yahoo! Finance
venture (JV). This partnership includes ACC's sale of 80% of its shares in Aker Carbon Capture Holding (“ACCH”) to an SLB subsidiary. The transaction, initially announced in March, involves SLB paying NOK 4.12 billion (approximately $385.7 million) in cash for the majority stake in ACCH. SLB will also integrate its own carbon capture business into the JV, while ACC will retain a 20% ownership stake in ACCH. Headquartered in Oslo, Norway, the new company aims to accelerate the adoption of carbon capture technologies for industrial decarbonization. It combines ACC's expertise in amine-based Advanced Carbon Capture technologies, such as Just Catch and Big Catch modular plant technologies for medium- and large-scale facilities and Just Catch Offshore for offshore gas turbines, with SLB's portfolio of technology solutions, including non-aqueous solvent and emerging sorbent-based offerings. The JV will see changes in ACC's executive leadership. Egil A. Fagerland, the current CEO of AC
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AROC
News
- Shell (SHEL) Advances Carbon Capture Initiatives in Canada [Yahoo! Finance]Yahoo! Finance
- Is Archrock (AROC) Stock Outpacing Its Oils-Energy Peers This Year? [Yahoo! Finance]Yahoo! Finance
- Chevron's (CVX) Wheatstone LNG Facility Resumes Full Production [Yahoo! Finance]Yahoo! Finance
- Seadrill (SDRL) Divests Three Jack-up Rigs and JV Interest [Yahoo! Finance]Yahoo! Finance
- Archrock Inc. (AROC) Surpasses Market Returns: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
AROC
Earnings
- 4/30/24 - Beat
AROC
Analyst Actions
- 5/2/24 - Stifel
AROC
Sec Filings
- 6/4/24 - Form 4
- 6/4/24 - Form 4
- 6/4/24 - Form 4
- AROC's page on the SEC website