Houston-based oilfield technology solutions provider ChampionX Corp. has completed its investment in quantum sensor startup QLM Technology Ltd., the company said on April 19. QLM Technology has developed a revolutionary quantum gas camera with a unique ability to detect, visualize and quantify emissions of methane, helping organizations to achieve net zero through mitigation of emission sources.
“We are excited to have ChampionX involved in this funding round as the depth and breadth of their expertise in upstream production wellsite and midstream solutions will be quite valuable to us as we scale up our development and launch our business providing next-generation greenhouse gas monitoring. Our unique quantum Lidar is the right solution for the challenge of how to effectively measure industrial methane emissions and meet the major commitments that many energy companies have made to control their greenhouse gas emissions,” Dr. Murray Reed, CEO of QLM, said.
Baker Hughes has been awarded a subsea oilfield equipment contract on May 3 from Petrobras as part of the Marlim and Voador field revitalization plan in the Campos Basin, offshore Brazil.
TechnipFMC has been awarded a significant integrated engineering, procurement, construction and installation contract by Shell for the PowerNap project, located in the Gulf of Mexico (GoM).
Worley has been awarded a FEED contract for Total E&P USA’s North Platte field development in the Gulf of Mexico (GoM), the company said on Jan. 23.