Energy storage solutions provider Hydrostor, has announced a preferred equity financing commitment of US$250 million from the Private Equity and Sustainable Investing businesses within Goldman Sachs Asset Management.
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Wood and FutureOn collaborate to provide integrated technical and digital service
FutureOn, the global software company specialising in the energy sector and creator of the award-winning, SaaS field design applications, FieldTwin Design and its API-centric collaboration platform, FieldTwin, has formed a strategic collaboration with global consulting and engineering leader Wood, to provide an enhanced service to its client base of global asset operators.
CGG sells Physical Asset Storage and Services Business to OASIS Group and Access
CGG has closed the sale of the physical storage assets and associated services of its Smart Data Solutions business to OASIS Group (“OASIS”) and Access Information Management Corporation (“Access”).
The transaction includes seven dedicated storage and service facilities, each holding client collections of records and subsurface rock and fluid samples. Access has acquired the three North American sites and OASIS the four European sites. Access and OASIS have a history of collaboration and, for global clients, will work together to continue the global service delivery.
Natural gas shortage drove steep increase in carbon prices in 2021
During 2021, emissions trading schemes (ETS) around the world saw record-high carbon prices, with the highest seen in the EU and UK.
However, data and analytics company GlobalData said that prices worldwide were still inadequate to reduce emissions in line with the Paris Agreement. The company highlights that only 22% of greenhouse gases are explicitly priced and less than 4% are priced at $40/ton — the minimum price considered necessary to meet Paris Agreement targets.
Miles Weinstein, Energy Transition Analyst at GlobalData, said: “Increasing carbon costs is a key strategy towards eliminating coal-fired power production.
PGS Signs Data Management, Service Agreement for MultiClient Seismic
PGS has signed a multi-year Data Management as a Service agreement with a major customer.
Western Gas gets green light for Sasanof-1 exploration well on North West Shelf
Western Gas has secured regulatory approval from NOPSEMA to drill the Sasanof-1 exploration well on the North West Shelf.
ExxonMobil tops list of top 10 most mentioned oil and gas companies in 2021
The Oil and gas industry is recovering gradually from the impact of the COVID-19 pandemic, which disrupted the supply chain and cratered demand, according to GlobalData.
Members make merry with a Ho, Ho, Ho at QLD Christmas Lunch
Once again, the Queensland Branch has held its Christmas Lunch on the first Friday of December. A good crowd enjoyed the new venue on the Pool Terrace at the Brisbane Hilton on a typical summer day after seemingly endless rain in the weeks before.
PGS wins Contract in West Africa
PGS has been awarded a 3D exploration contract in West Africa. A Ramform Titan-class vessel is scheduled to commence early February 2022 and will complete mid-March.
WEB and Eagle LNG Enter into Landmark LNG Supply Agreement
Eagle LNG Partners, a US company based in Houston, Texas and Jacksonville, Florida, has completed a long-term supply contract to establish a liquefied natural gas receiving and regasification terminal in Aruba with WEB Aruba, the local power and water utility.