Wednesday, June 10, 2026

Offshore Oil Gas Production News

Nippon Foundation, DeepStar Launch Joint Decarbonization R&D Program

From left: Yohei Sasakawa, Chairman, The Nippon Foundation; Mitsuyuki Unno, Executive Director, The Nippon Foundation; Shakir Shamshy, Director, DeepStar; and Pat Toomey, Manager, DeepStar. Image courtesy The Nippon Foundation

The Nippon Foundation signed a Memorandum of Understanding (MoU) with the offshore technology development consortium DeepStar to establish a joint research and development program focused on decarbonization in offshore oil and gas, with a focus on renewable energy and the environment.The initial program budget is up to $10 million through 2026, and the overall plan is to develop technologies for commercialization.“I am very pleased that we have been able to conclude this new memorandum of understanding,” said Mr.

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