Company News

BP Ventures has invested in energy management specialist R&B, BP’s first venture into artificial intelligence (AI) technology in China.

After a successful pilot phase, Air Liquide renews its partnership with Solidia Technologies, a developer of solutions to reduce the environmental footprint of precast concrete manufacturing.

The U.S. Department of Energy (DOE) and NETL have selected 16 projects to receive nearly USD $25 million in federal funding for cost-shared projects to advance natural gas infrastructure technology development.

Alcoa Corporation, a global leader in bauxite, alumina and aluminum, announced that its portfolio of bauxite mines and alumina refineries in Western Australia have received certification from the Aluminium Stewardship Initiative (ASI).ASI’s Performance Standard certification process requires a comprehensive, third-party audit, which was completed successfully at the Huntly and Willowdale bauxite mines and the Kwinana, Pinjarra, and Wagerup alumina refineries.ASI is a global sustainability certification program for the aluminum industry, representing both upstream producers and downstream manufacturers, with participation from a broad spectrum of civil society organizations.“This recognition validates the strong commitment we have to responsible and sustainable production and to working with our stakeholders to deliver long-term value,” said Michelle O’Neill, Alcoa’s Executive Vice President and Chief External Affairs Officer.

The latter half of 2019 and the beginning of 2020 has been marked by a series of funding ventures and acquisitions of upstream-focused start-up companies.

The American Chemistry Council Foundation, TCC, ECHMA, and ACC has awarded a USD $1 Million grant to Harris County to further enhance the region’s air monitoring capabilities.The grant is for specific uses by the county that were negotiated between industry and Harris County Commissioner Adrian Garcia.

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Abu Dhabi National Oil Company (ADNOC) Group CEO, and Eni’s Chief Executive Officer, Claudio Descalzi, signed a Memorandum of Understanding for the joint development of research initiatives aimed at creating advanced technological solutions for the reduction, capture, usage or confinement (CCUS) of CO2 emissions at fields.

Emerson has been named the ‘Industrial IoT Company of the Year’ by IoT Breakthrough for a third consecutive year. IoT Breakthrough, which received more than 3,700 nominations for the 2020 competition, recognizes companies, technologies and products worldwide that set themselves apart in IoT categories ranging from industrial and enterprise, to consumer and connected home.

The board of BP p.l.c. announced yesterday that Brian Gilvary, BP chief financial officer (CFO), has decided to retire from the company and step down from the BP board on June 30, 2020.

According to data released from the Texas Oil & Gas Association (TXOGA), the Texas oil and natural gas industry paid more than USD $16 billion in state and local taxes, and state royalties in 2019, which is the highest total in Texas history.