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Delays cause Topsoe sales slide but key plant nearly complete | Finance

Delayed projects led to revenues in Danish green tech business Topsoe’s catalyst and technology businesses falling by 10% and 14% respectively in the first half of 2025. Overall revenues amounted to DKK3,679m ($571.8m) compared with DKK4,150m ($645m) in the same period in 2024. CEO Roeland Baan said its financial performance was impacted by uncertainty in the market globally, but said he remained confident in the long-term growth of fuels and chemicals for the energy transition. “We will continue to take a leading role in providing advanced science-based solutions for conventional fuels and the decarbonisation of energy-intensive industries and long-distance transportation,” he said. … 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 reading? Please register… Read More »Delays cause Topsoe sales slide but key plant nearly complete | Finance

Novelis demonstrates UK’s first hydrogen fuel switch in aluminium plant | Hydrogen

Aluminium processing firm Novelis has completed the UK’s first full-scale hydrogen fuel switching demonstration in the aluminium industry at its Latchford plant, marking a major step toward industrial decarbonisation. The two-week trial, funded by the UK Department for Energy Security & Net Zero (DESNZ) under the Industrial Fuel Switching (IFS) Competition, involved converting a natural gas furnace to operate flexibly on hydrogen. Allan Sweeny, Plant Manager at Novelis Latchford, said, “It demonstrated that we can adapt our existing infrastructure to run on hydrogen without compromising safety, quality, or performance. It’s a practical step forward in reducing our site’s carbon footprint and preparing for a low-carbon future.” And the demonstration confirmed that hydrogen can be safely delivered and combusted in aluminium recycling furnaces. … to continue reading this article and more, please login, register for free,… Read More »Novelis demonstrates UK’s first hydrogen fuel switch in aluminium plant | Hydrogen

With extension in effect, XRG-led consortium hammers away at $19B Santos takeover terms

Australia’s energy player Santos has signed up for a multi-week extension of the deadline set for negotiations regarding an $18.7 billion non-binding indicative offer received from a consortium run by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which entails Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle. The post With extension in effect, XRG-led consortium hammers away at $19B Santos takeover terms appeared first on Offshore Energy.

Saipem wraps up rig-to-FPU conversion for Eni offshore Congo

Italy’s engineering, drilling, and construction services giant Saipem has completed the conversion of a semi-submersible drilling unit into a floating production unit (FPU) to be deployed at compatriot Eni’s project offshore Congo. The post Saipem wraps up rig-to-FPU conversion for Eni offshore Congo appeared first on Offshore Energy.

The era of oil in maritime is ending, UK government’s forecasts show

The UK’s Department for Transport has published new long-term forecasts showing a major shift in the way goods move through British ports, with oil and fossil fuel traffic expected to collapse while ferries, roll-on/roll-off (RoRo) and container shipping surge. The post The era of oil in maritime is ending, UK government’s forecasts show appeared first on Offshore Energy.

BP tasks Baker Hughes with 90-month job on Asian LNG project

U.S.-headquartered energy technology giant Baker Hughes has landed a long-term deal with BP, a UK-headquartered energy player, for work on a liquefied natural gas (LNG) plant in Papua Barat, Indonesia. The post BP tasks Baker Hughes with 90-month job on Asian LNG project appeared first on Offshore Energy.