It has been a busy month so far for the oil and gas industry’s venture capital groups. Find out which operators are making moves and which technology developers are turning heads in this latest roundup.
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The US Army Corps of Engineers deferred any decision to shut the line back to the district court. -
In a test of the future of the hydrogen business, Baker Hughes is one of three companies starting a fund whose goal is to raise €1 billion to invest in a clean hydrogen infrastructure.
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The World Economic Forum’s Human Capital initiative has been implemented at Satbayev University in Kazakhstan for the past 2 years. This paper assesses the effectiveness of project components, such as industry guest lectures, summer internships, and program improvement, and provides lessons learned for human resources development.
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An autonomous robot will be deployed on an offshore platform for the first time by Equinor. The operator plans to use it as its eyes and sensors on future platforms where humans will visit only intermittently. -
The organization has published new procedures designed to provide the required safety level in transporting CO2 by pipelines and strengthen the development of carbon capture and storage projects. -
Contractor renews incident-response partnership for 2 additional years. -
A massive oil spill off the coast of Israel is being called the worst ecological disasters in the Mediterranean country’s history. The cause and full extent of the damage is still unknown.
The future of an equitable and sustainable global ocean, or "Blue Economy," depends on more than the resources available for technological advancement and industry expansion. A recent study led by the University of British Columbia found that socioeconomic and governance conditions such as national stability, corruption, and human rights greatly affect the ability to …
Occidental Petroleum has split from some of its larger rivals by rejecting a potential US carbon tax, saying that it prefers the existing system of tax credits.
The United States and the United Arab Emirates will work together on coordinating finance to decarbonize the economy, a joint statement said.
The expansion of the Changhau wind project is part of Taiwan’s ambitious plans to bring the country’s overall capacity to 15.5 GW in 2035.
The duo also plan to develop and mature new technologies across the carbon-capture value chain.
The NeoLith pilot plant is on track to begin operations before the end of the year.
Chevron is partnering with Microsoft, oilfield services firm Schlumberger, and privately held Clean Energy Systems to build a carbon capture plant in California, as the US oil major expands investments in renewable technology.
Pledges made so far under the 2015 Paris accord would deliver less than a 1% reduction in global greenhouse gas emissions by 2030—a fraction of the 45% cut needed to avert catastrophic climate change, according to a UN report.
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President Joe Biden’s $2.3 trillion plan to transform America’s infrastructure includes $16 billion to plug old oil and gas wells and clean up abandoned mines. -
A demonstrator showcasing the potential of the technology is scheduled to come on line in late 2023. -
The secretaries of the Interior, Energy, Commerce, and Transportation departments met at the White House to discuss advancing wind energy in the United States while the Bureau of Ocean Energy Management identified prime areas for offshore wind energy off the US East Coast. -
For oil and gas companies to remain in existence in the second half of the 21st century, they must find ways to dramatically reduce, if not eliminate, their output of carbon dioxide and other greenhouse gases. Artificial intelligence technology could provide one tool to help the energy industry accomplish that staggeringly difficult goal.
