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Linde delivers strong quarter despite weaker industry activity | Quarterly Reports

Industrial gases major Linde shrugged off a “stagnant” period of industrial activity to post a 24% rise in third quarter net income to $1.9bn, up $379m year-on-year. Quarterly operating profit totalled $2.4bn on the back of strong sales of $8.6bn. CEO Sanjiv Lamba said while Linde remains guarded on any near-term industrial recovery, he was confident its “time-tested capital allocation policy and disciplined investment approach will continue to value.” Americas sales of $3.8bn were up 6% on 2024, leading to an operating profit of $1.2bn, while APAC sales of $1.7bn were up 1% on last year. Compared with third quarter 2024, underlying sales decreased 1%, driven by stable volumes but 1% lower pricing, primarily due to helium’s value shrinking due to cheaper Russian supply being sold into Asia primarily. Europe, Middle East & Africa (EMEA)… Read More »Linde delivers strong quarter despite weaker industry activity | Quarterly Reports

Hydrogen and CCUS are 5% of long-term emissions cuts, says Rystad | Hydrogen

Carbon capture utilisation and storage (CCUS), bioenergy and hydrogen are set to play only a small part in cleaning up global emissions, according to research firm Rystad Energy. In a comprehensive global energy scenario report, it found decarbonising and growing the power sector through nuclear and established renewables will likely account for 52% of reductions and electrification of “almost everything” will provide 43%. “The final 5% is achieved by tackling residual emissions in hard-to-abate sectors through CCUS, hydrogen, and bioenergy,” it notes. “These are referenced in a rising number of national determined contributions, and projects are underway, but deployment remains modest compared to renewables and electrification. Long-term success depends on scaling these technologies far beyond their current footprint.” It forecasts hydrogen supply outlook now points to around 34 million tonnes by 2035, which is shaped… Read More »Hydrogen and CCUS are 5% of long-term emissions cuts, says Rystad | Hydrogen

Air Liquide bullish on US blue hydrogen prospects

Industrial gas major Air Liquide has weighed in on recent US legislation as it relates to blue hydrogen production. (() => var emptyParagraphs = document.querySelectorAll(‘.article-content > p:empty’) )(); This is a paid article, to read the article in full you can sign in if you are subscribed or subscribe today. Source link

2019-built rig staying longer with Equinor in Norwegian waters

Equinor has prolonged a rig drilling assignment off the coast of Norway, which is being undertaken by a semi-submersible rig managed by Odfjell Drilling and owned by Northern Ocean. The post 2019-built rig staying longer with Equinor in Norwegian waters appeared first on Offshore Energy.