Schlumberger ( NYSE: SLB ) and Saudi Aramco ( ARMCO ) unveiled plans Tuesday to collaborate and develop a digital platform that will provide sustainability solutions for hard-to-abate industrial sectors .
The companies said their proposed platform will enable companies in industries such as oil and gas, chemicals, utilities, cement and steel to collect, measure, report and verify their emissions, while evaluating different decarbonization pathways.
Claiming the sustainability platform will be a "game changer" for the energy and hard-to-abate industry sectors, Schlumberger ( SLB ) CEO Olivier Le Peuch said it hopes to draw on its history of partnering with Aramco to "deliver a digital sustainability ecosystem that enables global organizations to manage their carbon emissions and realize ambitious sustainability goals."
Schlumberger ( SLB ) sees its strong Q2 results, including its strongest Q/Q revenue growth since 2010, an upward inflection that will continue due to the global need for non-Russian oil and gas supply, Laura Starks writes in a bullish analysis published on Seeking Alpha .
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Schlumberger, Aramco to collaborate on digital sustainability solutions