ITF reported new membership agreements with two major global service companies.

Through their membership, Petrofac and Siemens will join other high profile energy players in supporting new technologies through the ITF model to tackle global industry challenges.

Dr Geoff Nesbitt, head of technology strategy at Petrofac, said, “ITF works on a vast scope of projects and challenges and it is an excellent platform for accessing many of the top minds in the oil and gas industry. The current membership list certainly highlights the pedigree of the organisation. Through ITF we have the opportunity to invest in technologies which are essential to the future of the sector.”

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