Floating offshore wind farm eyes Chevron-backed platform
Local content drive underpins Simply Blue Energy and Subsea 7 s deal to assess Ocergy s low-weight floating platform design
by Nadia Weekes
Sign in to continue
Breaking industry news and email bulletins
Analysis of the lastest trends to help you make informed decisions
Searchable content archive dating back to 1994
Seeq announces $50m funding round led by Insight Partners
RIYADH, May 3, 2021 software, has closed a $50 million Series C funding round, led by global venture capital and private equity firm Insight Partners. It included participation from existing investors Saudi Aramco Energy Ventures, Altira Group, Chevron Technology Ventures, Cisco Investments and Second Avenue Partners. This round brings Seeq’s total funding since inception to approximately $115 million. Headquartered in Seattle, Seeq enables engineers and scientists in process manufacturing organizations to rapidly analyse, predict, collaborate, and share insights to improve production and business outcomes. Seeq customers include companies in the oil and gas, pharmaceutical, chemical, energy, mining, food and beverage, and other process industries.
Carbon capture technology may be essential for the world to stay within the 2°C warming target outlined by the Paris Agreement. Although the deployment of this technology has begun to pick up in recent years, it is still a long way from the levels of scale-up needed to have a meaningful impact on climate change. Current technology for stripping CO2 from industrial gas streams or directly from the atmosphere remains costly and energy-intensive, and existing carbon capture facilities have struggled with downtime, keeping to CO2 capture targets, and managing costs.
In this climate, there are significant research efforts aiming to boost the effectiveness of CO2 capturing technology and facilitate deployment of what could be a vital technology in the fight against climate change. Carbon Capture, Utilization, and Storage (CCUS) 2021-2040 is a new report from IDTechEx analyzing the technical and commercial factors that could be key to the long-term success of carbon capture technolo
Geothermal technology has enormous potential to power the planet and Fervo wants to tap it
Tapping the geothermal energy stored beneath the Earth’s surface as a way to generate renewable power is one of the new visions for the future that’s captured the attention of environmentalists and oil and gas engineers alike.
That’s because it’s not only a way to generate power that doesn’t rely on greenhouse gas emitting hydrocarbons, but because it uses the same skillsets and expertise that the oil and gas industry has been honing and refining for years.
At least that’s what drew the former completion engineer (it’s not what it sounds like) Tim Latimer to the industry and to launch Fervo Energy, the Houston-based geothermal tech developer that’s picked up funding from none other than Bill Gates’ Breakthrough Energy Ventures (that fund… is so busy) and former eBay executive, Jeff Skoll’s Capricorn Investment Group.