Company News

Baker Hughes, one of the world's largest oilfield service providers, is newly independent from General Electric (GE), officially changing its name and its traditionally blue logo, to green.

The Massachusetts Institute of Technology (MIT) and Eni have renewed their low-carbon energy research collaboration by extending Eni’s tenure as a Founding Member of the MIT Energy Initiative (MITEI) through 2023.

ExxonMobil said it has signed agreements with the Indian Institute of Technology locations in Madras and Bombay, further expanding its extensive portfolio of research collaboration with India’s universities.The five-year agreements focus on progressing research in biofuels and bio-products, gas transport and conversion, climate and environment, and low-emissions technologies for the power and industrial sectors.

BP Ventures has led a Series A funding round in Grid Edge, a developer of artificial intelligence (AI) technology, that enables customers to predict, control and optimize their building’s energy profile.

Alliance Source Testing (AST), a leading provider of source emissions and stack testing solutions in the U.S., recently announced the additions of Grant Singley (Operations Manager) and Kyle Vaughan (Senior Project Manager) to the Birmingham, Alabama office.

Petrochemical manufacturers create the building blocks for plastic, but with recent environmental policy at the forefront of industrial processes, companies have become increasingly more focused on reversing the process to turn used plastic products back into original monomers, advancing plastic waste recycling solutions.

BASF will invest €20 million in the fourth quarter of 2019 into Quantafuel, a specialist in the pyrolysis of mixed plastic waste and purification of pyrolysis oil, headquartered in Oslo, Norway.Together, the partners aim to further develop Quantafuel’s technology for chemical recycling, which consists of an integrated process of pyrolysis and purification, in an effort to optimize the output for the use as feedstock in chemical production.

UK100, a network of local government leaders in the United Kingdom, is joining forces with Siemens, one of the world’s leading manufacturers in providing clean energy projects, to help drive the country’s transition to a zero-carbon economy.Siemens will work with the U.K.

During 2019’s Climate Week (September 23-27), companies, foundations and others announced a multitude of new commitments, partnerships, research and technologies to help mediate the effects of climate change and promote global action.

DNV GL recently published the 2019 Energy Transition Outlook on the future of the energy sector through 2050, focusing on 10 important regions and the impact on 3 industry sectors: oil and gas, power supply and use, and maritime industries.