GE and Statoil announced a new partnership to accelerate the development of clean technologies for the oil and gas industry.

The companies say this new program will focus on addressing some of the fossil fuel industry’s environmental challenges, like flaring, carbon and methane emissions and water usage.

The companies announced they will work together on several research projects, including work to capture gas that is currently flared, replace water used for fracturing operations with liquefied CO2 and optimize gas compressors to improve fuel efficiency.

GE and Statoil have also launched the Open Innovation Challenge, a competition to invite innovators worldwide to develop solutions to make energy production more sustainable.

Question or comment on this article? Contact an editor: engineering360editors@ihs.com