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Shell Technology Ventures to invest several $100 millions in emerging tech companies over next 6-8 years

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The company will look at areas including gas production and conversion; geophysical imaging; chemical manufacturing and conversion; novel materials; enhanced oil recovery; and water treatment. Petroleum Development Oman (PDO) contracted GlassPoint to build the plant, which is currently being tested.

Companies 247
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France’s IFPEN studying industrial potential of onshore sources of natural hydrogen

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IFPEN is a French public-sector research, innovation and training center active in the fields of energy, transport and the environment. In the future, hydrogen produced through water electrolysis is expected to be used to store energy as a way of compensating for solar or wind power’s intermittent output.

Hydrogen 225
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IHS Markit identifies 5 billion barrels of oil equivalent in short-cycle opportunities outside North America

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The IHS Markit report, entitled: “Back to the Basins: International Shorter-Cycle Opportunities,” initially assessed five, short-cycle projects outside the US in mature, late-life basins in Mexico, Nigeria, Egypt, Brazil and the North Sea, and included both shallow water and mature, onshore areas that break even at per-barrel costs under US$40.