By Dominic Chopping


Aker Carbon Capture said it is continuing to work on determining its future strategy, structure, and use of proceeds from its joint venture deal with Schlumberger, with a decision expected within the first quarter of 2025 at the latest.

During the second quarter Aker Carbon Capture finalized a joint venture with the U.S. oilfield-services company, resulting in a gain of 4.89 billion Norwegian kroner ($446 million) in the first half. Schlumberger acquired 80% of Aker Carbon Capture, creating a combined carbon-capture-focused venture called SLB Capturi.

Aker Carbon Capture reported a net loss of 46.6 million kroner in the third quarter, compared with a loss of 39.8 million kroner in the year-earlier period.

The company ended the quarter with 4.55 billion kroner in cash, it said.


Write to Dominic Chopping at dominic.chopping@wsj.com


(END) Dow Jones Newswires

10-31-24 1030ET