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AI Solutions for the Oil and Gas Industry with Changsu Lee of Allganize
Changsu Lee has spent his career working on the front edge of innovation. Educated in South Korea at the Korea Advanced Institute of Science and Technology, where he holds a master’s degree in computer science, Lee is currently the founder and CEO of Allganize, an AI (Artificial Intelligence) document understanding platform. “This (Allganize) is
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Agreement Made Between Energean, Shell to Collaborate on Egypt Decarbonization Project
An oil and gas major has formed a significant partnership on a decarbonization project. According to MarketWatch, Energean PLC, an international hydrocarbon exploration and production company, said it has arrived at a preliminary agreement with Shell to explore a decarbonization solution in Egypt. The company said the agreement will address a major carbon capture and
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$706M Deal to Build Unmanned Offshore Platform ‘Of the future’ Awarded to Aibel
A Scandinavian firm has landed a massive deal to build the offshore platform “of the future.” According to Offshore Engineer, oil and gas company Aker BP has awarded Aibel, a Norwegian engineering and construction firm, a contract worth around 7 billion crowns ($706.1 million USD) to build the Munin offshore platform (formerly Krafla) in the
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GE Cuts Targets as Wind Energy Struggles Push 2022 Goals Out of Reach
General Electric is reassessing its near-term goals for wind energy. According to Bloomberg (via EnergyNow), General Electric Co. will cut its full-year profit target despite strong cash performance in the past quarter, as higher costs in the struggling wind operations add to ongoing challenges with supply chain and labor. Adjusted earnings per share will be
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GM to Offer its Own Solar Power and Energy Storage System, Competing with Tesla
A major automotive manufacturing company is jumping into the solar industry. Starting late next year, General Motors Co. plans to offer its own sun-generated power and storage system to compete with Tesla Inc.’s solar Powerwall business. According to EnergyNow, GM announced in a statement that the new business unit will be called GM Energy and
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Blockchain for Energy Moves to Bring Smart Contracts Solution to Market
A Blockchain leader is preparing to offer a game-changing product. According to Business Wire, Blockchain for Energy (B4E) announced it’s rolling what it’s calling Smart Contracts solutions. Developed alongside Worley, in collaboration with B4E and Chevron, these solutions will allow for increased speed and high levels of efficiency. “Blockchain for Energy members Worley and Chevron
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Day One of the Blockchain in Oil and Gas Conference Featured Keynotes, Panels, and Armadillos
The sixth annual Blockchain in Oil and Gas Conference is off to a tremendous start. This gathering of some of the most influential people leading the implementation of Blockchain in the oil and gas industry has grown exponentially since its beginning in 2017. Today, hundreds of thought leaders, executives, and researchers came together for the
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New Solar Powered Device Creates Hydrogen Fuel from the Air
Researchers in Australia have made a major breakthrough in energy innovation. According to The Guardian and the journal Nature Communications, researchers have created a solar-powered device that produces hydrogen fuel directly from moisture in the air. The prototype, said its inventors, produces hydrogen with greater than 99 percent purity and can work in air that is as
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German Government Believes Baltic Sea has Enormous Wind Energy Potential
In light of the energy crisis facing much of Europe after Russia’s invasion of Ukraine, Germany’s foreign minister said Friday that estimates show the Baltic Sea can produce wind power that is “more than twice the installed capacity of all German coal-fired power stations” as the country works to meet climate change targets and wean itself off
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New Carbon Capture Facility Proposed for Louisiana
A new carbon capture facility may be heading to the Bayou state. CapturePoint, a privately-backed LLC, has submitted an application to build a carbon capture storage facility in the Rapides Parish in Louisiana, about 90 miles north of Lafayette. According to Reuters via Energy Now, a company spokesperson said the application with the Environmental Protection
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Uncovering the key to safer energy storage devices that avoid thermal runaway
Modern energy storage devices, such as supercapacitors and batteries, have highly temperature-dependent performance. If a device gets too hot, it becomes susceptible to “thermal runaway.” Thermal runaway—or uncontrolled overheating—can ultimately result in explosions or fires. Adopting a well-informed thermal management strategy is necessary for the stable and safe operation of devices. To do this, it
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Digital and Energy Geopolitics (Geoffrey Cann)
The world is getting a stark lesson on energy geopolitics and energy security in light of Russia’s invasion of Ukraine. How do various digital innovations play into, and help reframe, the geopolitical landscape of energy? Energy Geopolitics The first version of this post was published on November 19 of 2019, and with the war in
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