SLB, Aker Solutions and Subsea7 announced Oct. 2 the final closing of the companies’ previously announced joint venture, OneSubsea.
OneSubsea combines SLB and Aker Solutions’ subsea businesses into one subsea production and processing technology portfolio. OneSubsea will have access to reservoir and digital domain expertise, pore-to-process integration capabilities, an extensive and strengthened R&D capabilities.
“OneSubsea’s extensive technology portfolio and engineering expertise enable us to address future market trends and needs at a unique scale,” Mads Hjelmeland, newly appointed CEO of OneSubsea, said in a press release. “We will accelerate innovation and contribute to the ambition of our customers to optimize their production and reduce emissions in their subsea operations.”
OneSubsea’s compression technology portfolio hopes to reduce the structure and capital cost of new energy reserve development. The company’s subsea production and processing technology portfolio enables long tiebacks and EOR capabilities.
OneSubsea will have headquarters in both Oslo, Norway, and Houston, Texas. SLB holds a 70% equity stake in the joint venture. Aker Solutions holds a 20% stake, while Subsea7 holds the remaining 10%.
Recommended Reading
Atlas Energy Appoints Chris Scholla as New COO
2024-08-07 - Chris Scholla previously served as Atlas Energy Solutions’ chief supply chain officer and pushed the company into the oilfield logistics market.
CrownRock Offloads Oxy Shares Two Weeks After Closing $12B Deal
2024-08-15 - Underwriters of the offering agreed to purchase CrownRock’s Occidental stock at $58.15 per share, which will result in approximately $1.719 billion in proceeds before expenses.
Cormetech Appoints Patricia Martinez to President, CEO
2024-08-20 - Cormetech’s former President & CEO Mike Mattes will now serve as chairman of the board.
SandRidge Recasts Management with New Chairman, CFO
2024-10-03 - SandRidge Energy has appointed Vincent Intrieri as chairman to succeed Jonathan Frates, who will transition to the role of executive vice president and CFO.
Superior Sees Executive Leadership Changes
2024-08-15 - Superior Energy Services’ president, CEO and chairman Brian Moore is retiring, and his roles are to be split between the two people succeeding him.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.