Classification Society LR Joins ITF
ITF (Industry Technology Facilitator) welcomes to its ranks Lloyds Register, the world's oldest certification authority. ITF, the technology facilitator for the global oil and gas industry, is a not-for-profit organisation owned by 30 international oil and gas operator and service companies. It says it is the only global collaborative R&D funding programme operating across continents. Founded in 1760, Lloyds Register is the first certification authority to be part of ITF. As an energy and maritime classification society and independent risk management organisation, the company has expertise in a number of industries including oil and gas, nuclear and renewables, and provides an alternative angle of technology challenges for the energy sector.
ITF Signs Up Thailand’s PTTEP
ITF, the oil and gas industry technology facilitator announced a new membership agreement with Thailand’s national oil company, PTT Exploration & Production Public Company Limited (PTTEP). ITF plans to secure a $9 million investment from its members across the Asia-Pacific region to launch ground-breaking technologies. The organization will also bolster its team by creating a business development position, which will be based at its Kuala Lumpur office to further strengthen its presence across the region.