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Nesr Announces Investment In Qube Technologies For Methane Emissions Monitoring

Nov 15, 2021over 3 years ago
Abu Dhabi

Description

National Energy Services Reunited Corp. ("NESR") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced an investment in Qube Technologies ("Qube"), a provider of continuous emissions monitoring technology that enables oil and gas operators to better detect, measure, and reduce methane and other greenhouse gas ("GHG") emissions. Founded in 2018, Qube continuously collects gas concentration, atmospheric, and other operational data to locate, quantify, and classify emissions by source and severity. In 2021, Qube received the world's first regulatory approval to replace standard leak detection and repair ("LDAR") practices with Qube's continuous monitoring platform, which has been shown to lead to faster repairs that vastly reduce emissions and improve operational performance and safety.

Company Information

Company

Qube Technologies

Location

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

About

Qube is a Calgary based start-up developing a low-cost environmental surveillance technology. Qube's mission is to help primary industries, such as oil and gas, cost effectively detect, quantify, and reduce methane and other emissions. Qube is currently working with some of the leading operators across Western Canada and the United States and has support from a wide range of investors and government bodies.

FundzWatch™ Score

78
Medium Activity

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