provides a cost efficient and environmentally efficient process to increase the economic viability of heavy oil by upgrading close to source. The VHTL process improves the properties of heavy oil by reducing both viscosity and density, resulting in a higher value synthetic crude oil which can be transported as easily as conventional crude oil.
FluidOil has concluded an agreement to form a new joint venture in Mexico, to advance the commercialisation of its VHTL upgrading technology in the country. The joint venture, trading as FOMEX S.A. de C.V. (“FOMEX”), will see a new local partner, Petrofusion S.A de C.V. (“Petrofusion”), join FluidOil’s existing partner in Mexico, Mr. Americo Leal […]
Our January 2018 eNewsletter updates on exciting new commercial discussions, developments at our testing facility in San Antonio, Texas, and the latest news on our Reverse Take Over with Dawson Gold, plus other news.
As Chairman of FluidOil, Gerald brings significant executive and investment expertise. A solicitor by profession, he served two terms as a Member of Parliament, and was a member of the House of Commons Energy Select Committee, a Parliamentary Private Secretary (PPS) at the Department of Energy, and PPS to the Secretary of State for Trade and Industry. He was Scottish editor of The Sunday Times, and a presenter of business and current affairs programmes on the BBC. From 1988 to 1991 he was Director of European Affairs at the Energy and Environmental Policy Center at the John F Kennedy School of Government, Harvard. He is currently Chairman of Aberdeen Global Income Fund (FCO); Aberdeen Asia-Pacific Income Fund (FAX) and the “Aberdeen Funds”. He is on the board of Aberdeen Australia Equity Fund (IAF), Aberdeen Asia-Pacific Investment, Rejuvenan Global Health and Crescent Pharma Ltd.
Charles has been Chief Executive Officer of FluidOil since founding the business in 2012. He has been instrumental in the growth and financing of the company, drawing on significant international experience in strategic consultancy, venture capital and corporate finance. Prior to FluidOil, Charles spent three years in Private Equity before co-founding a renewable energy focused advisory business, Wellstone Partners. He has also worked as a strategy consultant for Boston Consulting Group and The Parthenon Group, advising FTSE 100 and Fortune 500 companies with a specialisation in Renewable Energy, Engineering, Financial Services, Fast Moving Consumer Goods, Software and Telecoms. He has a Masters degree in Engineering from Oxford University.
Olav is a founder of FluidOil and the inventor of the original technology behind VHTL. He has served as the Chief Technology Officer since 2012. With a background as an inventor and technical expert, he has over 40 years of international experience in the oil industry. Prior to FluidOil, Olav founded Thermtech A/S, an oil technology company which developed an award-winning technology to clean oil-polluted drill cuttings. In 2007, Thermtech was ranked number one in Deloitte’s Fast Track list of fastest growing revenue technology companies in Norway and in 1994, Olav received Norway’s NITO Technology Prize. He has participated in the Norwegian government’s "Forum for Value Creation" under the leadership of the former prime minister Gro Harlem Brundtland, together with the ministers of oil, energy and finance.
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