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Greentown Labs Names Kevin Knobloch as Chief Executive Officer
Greentown Labs, the largest climatetech incubator in North America, announced its Board of Directors had appointed Kevin Knobloch as the organization’s next Chief Executive Officer, effective September 5, 2023. Knobloch was formerly Chief of Staff of the U.S. Department of Energy in President Obama’s second term, working with Secretary of Energy Ernest Moniz from June
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Wintershall Dea awarded second storage license for CO2 in Norway
Wintershall Dea and its partner Altera have been awarded the Havstjerne CO2 storage licence in the Norwegian North Sea by the Norwegian Ministry of Petroleum and Energy, according to a news release. According to a news release, the licence is located 135 kilometres southwest of Stavanger and will be operated by Wintershall Dea, holding 50
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Indonesia Energy provides updates on discovery wells onshore in Indonesia
According to World Oil, Indonesia Energy Corporation, an oil and gas exploration and production company focused on Indonesia, has updated its discovery wells drilled in 2022 and its ongoing development activities and plans for 2023 and beyond, including a potential contract extension for its Kruh Block. To maximize the production at Kruh Block, IEC is
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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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