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US clean fuel producer secures $50 million investment from Hy24

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Clean fuels producer and developer StormFisher Hydrogen has secured a $50 million commitment from Hy24’s Clean Hydrogen Infrastructure Fund, a low-carbon hydrogen asset manager, to boost its clean fuel production projects in North America. The post US clean fuel producer secures $50 million investment from Hy24 appeared first on Offshore Energy.

Net-zero quest: South Korea, Australia to create green shipping corridor

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South Korea and Australia have decided to establish a green shipping corridor to support international shipping’s zero-emission goals and create an environment for eco-friendly fuel supply. The post Net-zero quest: South Korea, Australia to create green shipping corridor appeared first on Offshore Energy.

Chinese firm scores offshore multimillion-dollar job for Eni’s LNG project

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Eni has hired China’s Hilong Group’s Hilong Offshore Engineering to handle the second phase of the offshore transportation and installation works for its liquefied natural gas (LNG) project off the coast of Congo, Africa. The post Chinese firm scores offshore multimillion-dollar job for Eni’s LNG project appeared first on Offshore Energy.

Gneiss: More UK production, fewer LNG imports key to meeting demand and keeping emissions at bay post-2030

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Gneiss Energy, a UK-based strategic and corporate finance advisory firm operating within the energy and natural resources sectors, has published a report on the potential negative effects the UK’s gas policy discouraging investments in local gas production could have on the environment and supply. The post Gneiss: More UK production, fewer LNG imports key to meeting demand and keeping emissions at bay post-2030 appeared first on Offshore Energy.

Brazil’s offshore drilling firm reaches rig acquisition settlement

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Ventura Offshore has struck a deal with Umas 1 as the seller of a semi-submersible rig the firm decided to acquire last year. This enables the Brazilian player to make a lump sum payment as a final settlement. The post Brazil’s offshore drilling firm reaches rig acquisition settlement appeared first on Offshore Energy.