Software company Stochastic Simulation has joined a growing list of Western Australian businesses kicking goals globally in oil and gas technology development, as local providers increasingly target opportunities offshore.
Unlisted energy company Cool Energy Ltd has appointed William Bloking as its chairman, replacing John Thompson, who has resigned to pursue other interests, the company announced today.
Perth company Cool Energy is looking to apply its ground-breaking technology to strip prohibitive greenhouse gas carbon dioxide (CO2) from natural gas streams, to a number of onshore gas fields in Australia and other parts of the world.
Perth headquartered Cool Energy has commenced field trials of a new gas processing plant, incorporating two gas treatment technologies, at ARC Energy's Xyris site in the Perth Basin.
Perth-based Cool Energy Ltd will receive a $4 million boost from Shell Technology Ventures BV to help commercialise its cryogenic gas conditioning technology CryoCell.
LOCAL firm Cool Energy is raising a total of $5 million to continue the development of a new technology designed to commercialise gas fields with high carbon dioxide levels.Nido Petroleum, Australian
15 Feb 2005
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