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The round was led by 83North, a global venture capital firm with a proven track record in building category leaders across multiple domains including Internet of Things (IoT) and Artificial Intelligence (AI) technologies.
Oil Plus will develop the maintenance strategy and programme for DeNovo’s renewable energy-powered Zandolie platform, located offshore western Trinidad.
In the first phase of the project, the companies will design and optimise the plan for satellite placement and coverage, initially focused on capturing methane emissions data from ExxonMobil operations in the Permian Basin.
Jesús Fernández, Zalux, looks at the benefits the latest lighting solutions have to offer and why the upgrade to LED lighting has become a ‘when’ not ‘if’ for the oil and gas industry.
Orcadian Energy, Orsted and Katoni Engineering must now complete work on their studies by 31 March 2022, with project reports to be published in 2Q22.
The plans are part of the corporate-wide effort to reduce upstream greenhouse gas emissions intensity by 40-50% by 2030, compared to 2016 levels.
The TCC RotoMill wellsite processing solution allows drilling waste to be processed at the source, eliminating the requirement to ship drilling waste long distances for treatment.
The company has been awarded Gold Standard status by the Oil & Gas Methane Partnership in recognition of its methane reduction targets.
Comstock will use the MiQ Standard, a framework that assesses and grades methane emissions intensity, enhanced monitoring technology deployment and operating practices that promote a culture of emissions management and continuous improvement, for its facilities in North Louisiana and East Texas.
Fixed wing and rotary drones equipped with methane-sensing equipment were deployed for the study on the Neptune-operated Cygnus gas production facility in the UK Southern North Sea, which assessed advanced methods for identifying and quantifying facility-level offshore methane emissions, and actions to reduce them.
Bureau Veritas will deploy its digitalised delivery model BV Compliance for Ithaca Energy to deliver verification (including remote) certification and classification services, and environmental verification and audit services across the assets.
Winners to be awarded a share of the fund will be announced in early December, with work to be completed by 31 March 2021 and project reports to be published in 2Q22.