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Nippon Sanso sees core income rise despite US hydrogen write-down | Financial Reports

Global industrial gases major Nippon Sanso Holdings (NSHD) grew consolidated revenue by 4.2% year-on-year to $8.86bn in its fiscal year 2025, with pricing and efficiency gains offsetting flat volumes. Results were partly weighed down by a one-off $173m impairment tied to a cancelled US hydrogen project. Core operating income rose 13.9% to $1.28bn, helped by cost control measures across the group’s global industrial gas business. But reported operating income fell 3.6% to $1.12bn due to an impairment linked to its cancelled US hydrogen production project. Net income dropped 6.7% to $668m. Shipment volumes of core air gases (oxygen, nitrogen and argon) held steady year-on-year, though total group volumes declined slightly. Performance varied across regions. Japan saw weaker demand for electronic materials and gases but was buoyed by strong equipment sales. In the US, modest volume… Read More »Nippon Sanso sees core income rise despite US hydrogen write-down | Financial Reports

BCGA event: Small-scale hydrogen ‘could cut construction emissions’ | Hydrogen

Hydrogen can play a key role in construction decarbonisation Hydrogen can play a key role in construction decarbonisation The opening morning of the British Compressed Gases Association annual conference shone the spotlight on construction, which is a sector that remains central to decarbonisation. On stage at the Worsley Park Hotel in Manchester were John Vickers, Engineering Director, and Caitlin Sergeant, Senior Project Engineer, at HyKit, which is a hydrogen infrastructure joint venture comprising JCB, HYCAP and HydraB Group. Vickers said the hydrogen industry was busy looking at “creative ways” to try to bring costs down and offer pragmatic options to builders. “Part of this is developing much smaller pieces of [hydrogen-powered] equipment,” he said. “A lot of site operators are not operating at any sort of scale that can justify deployment of large-scale assets. Space… Read More »BCGA event: Small-scale hydrogen ‘could cut construction emissions’ | Hydrogen

New owner takes over Brazilian FPSO

Karoon Energy has closed the acquisition of a floating production, storage, and offloading (FPSO) vessel, which is working on its project off the coast of Brazil. The post New owner takes over Brazilian FPSO appeared first on Offshore Energy.

Wagenborg, INEOS launch first offshore CO2 carrier built in Europe

Dutch shipowner and operator Royal Wagenborg and INEOS Energy, a London-based E&P business have launched and named ‘the first’ European-built offshore CO2 carrier to enable carbon capture storage across Europe. The post Wagenborg, INEOS launch first offshore CO2 carrier built in Europe appeared first on Offshore Energy.

CPN performs ‘record-breaking’ B24 biofuel bunkering operation

Hong Kong-based bunker supplier Chimbusco Pan Nation Petro-Chemical (CPN) has achieved a new milestone by completing China’s largest B24 marine biofuel bunkering operation. The post CPN performs ‘record-breaking’ B24 biofuel bunkering operation appeared first on Offshore Energy.

Perenco’s drilling ops in Caribbean unlock more gas

Perenco Trinidad & Tobago (Perenco T&T), a subsidiary of Anglo-French oil and gas player Perenco, has made a new natural gas discovery in the Caribbean, which is expected to enable the firm to boost its hydrocarbon production off the southeast coast of Trinidad and Tobago. The post Perenco’s drilling ops in Caribbean unlock more gas appeared first on Offshore Energy.

Italy’s Edison welcomes inaugural LNG cargo from Louisiana plant

Italian utility company Edison has welcomed its first liquefied natural gas (LNG) shipment hailing from the export facility in Cameron Parish, Louisiana, operated by U.S.-based LNG export project developer Venture Global. The post Italy’s Edison welcomes inaugural LNG cargo from Louisiana plant appeared first on Offshore Energy.

Canadian oil & gas firm rolls out new name

Canadian oil and gas company Africa Oil Corp. has presented a new identity, which entails a name change.  The post Canadian oil & gas firm rolls out new name appeared first on Offshore Energy.