Terra Energy & Resource Technologies, Inc., an energy and natural resource exploration technology company, announces that it has signed a Service Agreement with the Institute of New Oil and Gas Technologies (INOGT), a Russian limited liability company providing exploration services utilizing its innovative technologies. The agreement grants the Company five year exclusive rights for the [...]

Natco Group Inc, An oil services company, said Wednesday is has received a $24.9 million contract to provide membrane technology for an oil field off the Libyan coast. As part of the deal awarded in May, the company will supply a Cynara membrane system to capture carbon dioxide for re-injection into Bouri, Libya’s largest offshore [...]

The Department of Energy reports it will provide more than half of the funding for a $1 million MIT project aimed at helping oil and gas companies identify geologic ’sweet spots’ in low-permeability oil and gas reservoirs, optimizing the placement of wells.
The award is part of a larger initiative by the DOE aimed at [...]