Alternative Technology Archives

Norway’s oil fund held over $260M in failed SVB Banking Group

March 13, 2023

Oil Price Norway’s oil fund held over $263 million in Signature Bank and SVB Financial Group, the owner of Silicon Valley Bank (SVB), which failed spectacularly over the weekend, sparking government intervention. MarketWatch reports that the Norwegian sovereign wealth fund (SWF) held around $263 million in SVB Financial Group and Signature Bank, based on last week’s valuations. “This is the biggest

Carbon Clean expands into U.S. to meet booming demand for carbon capture technology

March 10, 2023

World Oil (WO) – Carbon Clean, a leading global carbon capture solutions business, has announced a significant expansion in North America to meet booming demand for its carbon capture technology. The company has opened its U.S. headquarters in Houston, Texas and will double its U.S. headcount to meet demand for CycloneCC, its fully modular technology, in what is expected to

Baker Hughes, Amazon Web Services partner to develop automated field production solution for oil and gas industry

February 28, 2023

World Oil (WO) – Baker Hughes, an energy technology company, signed a strategic collaboration agreement with Amazon Web Services, Inc. (AWS) to develop, market and sell the cloud-based Leucipa automated field production solution. The initial phase of the solution was introduced at the 2023 Baker Hughes Annual Meeting. The collaboration leverages AWS services such as advanced analytics and Baker

PureWest grows market for certified gas through partnership with EarnDLT and Project Canary to tokenize verifiable environmental attributes

November 16, 2022

Oil and Gas 360 DENVER, Nov. 15, 2022 /PRNewswire/ — PureWest Energy, LLC (“PureWest”), an independent natural gas company based in Wyoming’s Green River Basin, today announced a first-of-its-kind collaboration with EarnDLT (“Earn”) and Project Canary. This partnership will transform verifiable low-methane emissions data attributes associated with PureWest’s gas production and other environmental attributes from Project Canary into digital tokens stored on the blockchain

Schlumberger becomes SLB, a technology company driving the future of energy

October 24, 2022

World Oil HOUSTON — Schlumberger today announced its new name—SLB—underscoring the company’s vision for a decarbonized energy future and affirming its transformation from the world’s largest oilfield services company to a global technology company focused on driving energy innovation for a balanced planet. Beginning today, the legacy Schlumberger brand and nearly all of its affiliated brands will become one

Drilling automation streamlines operations, improves safety

August 24, 2022

World Oil Digitalization is changing the face of drilling, allowing rig owners to improve performance and reducing operational costs for operators. The value of this transformation is evident but making the most of it requires an investment that not every company has the resources to make. Nabors has developed technology that not only enhances the performance of its own fleet but also

Tech industry helps oil companies pump more, belying climate pledges

August 16, 2022

World Oil (Bloomberg) — It’s been a blockbuster summer for major oil companies. Exxon Mobil Corp. and Chevron Corp. posted record profits thanks to surging energy prices. The new U.S. climate bill includes concessions to oil and gas companies. There are other, quieter beneficiaries: Microsoft Corp., Amazon.com Inc. and the other cloud-services companies that are increasingly responsible for the computing horsepower behind

DNV, ExxonMobil partner to tackle billion-dollar microbial corrosion issue

August 4, 2022

World Oil DNV, an independent energy expert and assurance provider, has joined ExxonMobil Upstream Research Company and Microbial Insights, Inc. in a Joint Industry Project (JIP) to develop the next generation of microbiologically influenced corrosion (MIC) detection, monitoring and mitigation technology. With global costs of corrosion estimated at $2.5 trillion, the project aims to significantly enhance detection and monitoring methods

Wildcat Discovery raises $90 mln for high energy density EV batteries

July 13, 2022

Yahoo News LONDON- – U.S. energy tech firm Wildcat Discovery Technologies said on Wednesday that it has raised $90 million from investors to develop a high energy density battery cell for electric vehicles. The Series D funding round was led by Koch Strategic Platforms, the investment arm of industrial conglomerate Koch Industries, and included investments from Eastman Kodak and venture

Offshore wind industry growth falling short of net zero goals

June 29, 2022

Nasdaq The global offshore wind industry had a record year in 2021 in terms of new capacity but is still projected to fall short of the International Energy Agency’s net zero goals by 2030, a Global Wind Energy Council (GWEC) report said on Wednesday. More giant offshore turbines were installed in 2021 than in any previous year, with 21.1 gigawatts

James Fisher AIS expands global footprint to meet energy sector digital twin demand

May 17, 2022

World Oil Global digital services leader Asset Information Services (AIS), a James Fisher company, announced on Monday its business development and account management expansion plans, which includes new hires in key global regions for its rapidly growing customer base. In 2022, AIS is expanding its international team, putting boots on the ground in Indonesia, UAE, Nigeria, and Mexico through the

LandGate raises $10M in series B funding round led by NextEra Energy Resources

May 13, 2022

Oil and Gas 360 Publisher’s Note: LandGate was a presenting company at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines and EnerCom Dallas. For more information about presenting at an EnerCom conference, please contact EnerCom at [email protected]. DENVER–(BUSINESS WIRE)–LandGate Corp., the United States’ leading marketplace and data provider for commercial land and its

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