hydrogen

It has been a busy month so far for the oil and gas industry’s venture capital groups. Find out which operators are making moves and which technology developers are turning heads in this latest roundup.

In a test of the future of the hydrogen business, Baker Hughes is one of three companies starting a fund whose goal is to raise €1 billion to invest in a clean hydrogen infrastructure.

The Gas Exporting Countries Forum (GECF) forecasts in its annual global gas outlook that natural gas will comprise nearly a third of the global energy mix by 2050 and fuel more than half of the world’s electricity production. So, when it comes to fixing climate change, natural gas is one fossil fuel that can’t be dismissed. The 11 countries comprising the GECF control…

Will the oil fields of today become the hydrogen fields of tomorrow? Calgary-based Proton Technologies says this is possible and hopes to prove it soon after inking multiple licensing deals with other oil and gas companies.

Transmission firms say that future-proofing the pipeline network will assist the transition to a green economy.

The Norwegian energy company and the French utility say jointly developing low-carbon hydrogen will pave the way to achieving net-zero emissions in 2050.

Canada has several strategic advantages that can support a robust hydrogen industry. These include both carbon-based and renewable resources for producing hydrogen, a skilled energy sector, strategic infrastructure, and a history of being a global leader in the hydrogen and fuel-cell market.

The gas industry on both sides of the Atlantic is moving to create markets and infrastructure in Europe in anticipation of promoting blue hydrogen, derived from natural gas, as a transition fuel to support EU goals of achieving net-zero emissions by 2050.

Wind energy sources located offshore present challenges in transporting large amounts of energy. Energy transport through hydrogen molecules may be a solution. The PosHYdon project is intended to build experience with offshore H2 production and test power-to-gas technologies and integrated systems.

A Norwegian shipping company is eyeing smaller battery energy storage systems to design and develop greener heavy-lift jackups.