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Air Products downgraded as marquee hydrogen projects ‘carry elevated risk’ | cited broader macroeconomic pressures affecting

In a blow to Air Products’ new management, shares in the industrial gas major have been downgraded by analysts at Bank of America to Underperform from a previous investment rating of Neutral. The downgrade reflects heightened uncertainty around the financial viability and timing of three major clean hydrogen projects in Saudi Arabia (NEOM), Louisiana and Alberta. Tariffs and weakened climate policy could inflate capital costs and delay timelines, particularly for NEOM and Louisiana, the bank said. … to continue reading you must be subscribed Source link

Gas uptick for Shell’s North Sea development project

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Shell has disclosed better porosity and permeability than previously assumed for its natural gas discovery in the North Sea, which is situated on the UK Continental Shelf (UKCS). This led the firm’s partner, Deltic Energy, to reveal a boost in recoverable gas volumes from the project. The post Gas uptick for Shell’s North Sea development project appeared first on Offshore Energy.

Brazilian oil field’s FPSO two wells richer with another duo slated for June

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Brava Energia has brought two additional wells online by connecting them to an existing floating production, storage, and offloading (FPSO) vessel working at an oil field off the coast of Brazil. The post Brazilian oil field’s FPSO two wells richer with another duo slated for June appeared first on Offshore Energy.

Petrovietnam and JERA forge clean energy ties

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Petrovietnam and JERA Asia have discussed opportunities to collaborate on clean energy development, especially in offshore wind, liquefied natural gas (LNG), ammonia, hydrogen and carbon reduction technologies. The post Petrovietnam and JERA forge clean energy ties appeared first on Offshore Energy.