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DOE to Fund Oil, Natural Gas Research Projects

1 min read

Jeff Brody

The Department of Energy’s office of fossil energy is set to award $44.5 million in funding grants to 12 research and development projects to support the recovery of oil and natural resources. Efforts under the funding opportunity are intended to help the industry reinforce manufacturing efforts for domestic energy sources, DOE said Wednesday.

“These projects will help expand our ability to do that and, in the process, help strengthen our energy, economic, and national security,” said Steven Winberg, assistant secretary for the office of fossil energy at DOE. 

Aside from recovery initiatives, the projects also hopes to provide an understanding of emerging unconventional methods in the use of gas resources. DOE noted that natural gas and crude oil production reached 57 percent in 2018.