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Strategy pivots are primary cause of low-carbon hydrogen cancellations | Hydrogen

Developers embarking on ‘strategy pivots’ are the main reason for low-carbon hydrogen project cancellations, according to new Rystad Energy research. It found strategic changes accounted for 24% of cancelled projects, representing around 6 million tonnes per annum of hydrogen capacity, as firms return to core businesses and scale down more risky hydrogen investments. For example, BP and Australia’s Origin Energy have suspended or cancelled multiple projects, citing the need to cut costs and prioritise core areas. “This retrenchment is understandable given the nascent and complex nature of clean hydrogen – initial targets often outpaced more realistic business and transition models,” the energy research company states. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld You’ve reached your weekly limit to access free articles! Want to keep… Read More »Strategy pivots are primary cause of low-carbon hydrogen cancellations | Hydrogen

Shell-FOCOL JV books Nikkiso for its LNG-to-power project in Bahamas

Nikkiso Clean Energy & Industrial Gases Group (Nikkiso CE&IG), an affiliate of Japan’s Nikkiso, has been hired by New Providence Gas (NPG), a joint venture (JV) to be formed by Shell and a subsidiary of FOCOL Holdings, to provide a liquefied natural gas (LNG) regasification and cryogenic equipment for an LNG-to-power project in Nassau, the Bahamas. The post Shell-FOCOL JV books Nikkiso for its LNG-to-power project in Bahamas appeared first on Offshore Energy.

Study highlights ‘major climate benefits’ of EverWind’s green fuels project

Point Tupper Green Fuels Project, a green hydrogen and ammonia project developed by EverWind Fuels, could deliver ‘major global climate benefits’ and ‘significantly’ reduce greenhouse gas (GHG) emissions, according to new analysis by Dunsky Energy + Climate Advisors. The post Study highlights ‘major climate benefits’ of EverWind’s green fuels project appeared first on Offshore Energy.

US puts 30 new oil & gas lease sales on Gulf of America’s menu

The U.S. Department of the Interior (DOI) has unveiled an uptick in the oil and gas leasing schedule in the Gulf of America, formerly the U.S. Gulf of Mexico, which is said to strengthen the nation’s offshore energy dominance aspirations. The post US puts 30 new oil & gas lease sales on Gulf of America’s menu appeared first on Offshore Energy.

TS Lines orders four methanol-ready boxships in China

Taiwanese shipping player TS Lines has ordered four methanol-ready containerships at CSSC Hunagpu Wenchong, a subsidiary of China State Shipbuilding Corporation (CSSC). The post TS Lines orders four methanol-ready boxships in China appeared first on Offshore Energy.