"Hydrogen" News

Calls to Cut Fossil Fuel Spending In Line with with BP's Strategy, CEO Says

May 20, 2021

BP CEO Bernard Looney said on Wednesday that calls for lower investment in oil, gas from an International Energy Agency report the previous day are consistent with the company's strategy. Trillions of dollars will be spent rewriting earth's energy system which sets up business opportunities…

Japan Sets Aside $3.4B for Hydrogen R&D

May 18, 2021

The Japanese government said on Tuesday it will allocate up to 370 billion yen ($3.4 billion) from its green innovation fund for two projects to accelerate research and development (R&D) and promotion of hydrogen use over the next 10 years.Japan…

Ørsted Starts Construction of Green Hydrogen Project in Denmark

May 17, 2021

Dan Jørgensen, the Danish Minister for Climate, Energy & Utilities, on Monday led the groundbreaking ceremony of the H2RES project, marking the onsite construction start of Ørsted’s first renewable hydrogen project. H2RES will have a capacity…

TotalEnergies, Technip Energies Team Up to Decarbonize Offshore and LNG Sectors

Jul 21, 2021

TotalEnergies, a France-based oil major with green energy aspirations, is partnering up with energy services giant Technip Energies to develop low-carbon solutions for LNG production and offshore facilities.As part of the partner-up, which the duo says is set up to accelerate the energy transition…

TechnipFMC to Take Full Ownership of Well Intervention Firm TIOS

Jul 30, 2021

Oilfield services giant TechnipFMC plans to acquire the remaining 49% of shares in TIOS AS from Island Offshore.TIOS is an offshore well intervention joint venture formed in 2018 between TechnipFMC and Norwegian offshore vessel owner Island Offshore…

OGTC, Partners to Invest $1,4M in Hydrogen-enabling Technologies

May 13, 2021

Scotland-based OGTC has extended its latest Call for Ideas to June 14, with the organization set to invest up to £1million (around $1,4 million) 'in game-changing technologies which will accelerate Hydrogen production, transportation, storage and utilization…

Ørsted, Posco Ink Offshore Wind, Green Hydrogen MoU

May 27, 2021

Denmark-based offshore wind developer Ørsted has signed a memorandum of understanding with South Korea's Posco to collaborate in the space of offshore wind and renewable hydrogen.Under the agreement, Posco will support the development of Ørsted's 1…

TECH FILE: RIX Mobile Hydrogen Generation System for Marine Environments

Apr 29, 2021

RIX Industries offers a mobile hydrogen generation system, the M2H2-Series scalable family of Methanol-to-Hydrogen Power Systems, bringing green power to shipboard and marine environments. With the ability to generate hydrogen onboard and on demand…

Shell to Produce Majority of Oil and Gas Reserves by 2050. Plays Down Stranded Assets Risk

Apr 15, 2021

Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to reduce its greenhouse gas emissions in the coming decades.The disclosure is a rare…

Petrofac Names Director to Lead New and Renewables O&M Business

Jun 15, 2021

Petrofac, a company for years known as simply an oilfield services provider, is transforming into an energy services firm with increasing involvement in the offshore wind business in recent years.To support its growth and offering in the new and renewable energy sectors…

Ørsted Plans Offshore Wind Farm, Hydrogen Plant at North Sea Port

Mar 31, 2021

Denmark's Ørsted plans to develop an offshore wind farm and adjacent hydrogen plant at the North Sea Port straddling the Dutch-Belgian border, the company said on Wednesday.The wind farm would have capacity to produce 2 gigawatts of electricity and would power the 1-gigawatt hydrogen plant…

Cerulean Plans to Build 200-turbine Floating Wind Farm to Power UK Offshore Oil Platforms

Jun 01, 2021

Low-carbon infrastructure developer Cerulean Winds said on Tuesday it has submitted plans to develop a floating wind turbine project in the British North Sea.An application for a lease for the 10 billion pound ($14 billion) project has been submitted to Marine Scotland…

Ørsted to Invest $57B by 2027 to Become Global Leader in Green Energy

Jun 02, 2021

Ørsted, the world's largest offshore wind farm developer, is ramping up its investment in renewables to $57 billion by 2027, seeking to become a global leader in green energy and fend off growing competition.The Danish firm, which sold its oil and gas business in 2017…

For Europe to Meet Offshore Wind Targets, $7,9B in Port Investments Needed, Report Says

May 27, 2021

Some €6.5 billion (around $7,9 billion) in port infrastructure investments will be necessary for Europe to reach its 2030 offshore wind objectives, according to WindEurope.WindEuope, which says that ports are key to offshore wind development…

Equinor Sees Drop in Emissions in 2020

Mar 19, 2021

Norwegian oil and gas company Equinor, which is working to become a broader energy company, with increasing investments in renewable energy, said Friday its greenhouse emissions in 2020 had dropped compared to 2019.'In 2020, Equinor’s (scope 1 & 2) greenhouse gas emissions were 1…

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