California-based oil and gas explorer Foothills Exploration Inc. is forming New Energy Ventures LLC to participate in the transitioning energy sector. 

Foothills

The main focus of the new subsidiary is on alternative power generation and oilfield applications.

According to Foothills, New Energy Ventures plans to partner with management teams to develop sustainable and low-carbon technologies. The technology focus is to be on carbon capture, blue/green hydrogen production, oilfield clean-tech, and deep geothermal exploration. 

“The company aims to capitalize on the evolving landscape of energy policy” and take part in the “strong growth outlook for the future of zero-carbon emission projects and clean energy tech,” said Foothills Executive Chairman Kevin J. Sylla. 

Many...