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Air Liquide confirms industrial hydrogen as core growth driver | Air Liquide News

Air Liquide today reaffirmed US hydrogen infrastructure assets as one of its four core growth engines, after group revenues fell 2.4% in the third quarter on the back of currency impacts and lower energy prices. The assets category complements investment in electronics and healthcare, the energy transition – such as the 200MW ELYgator electrolyser project in the Netherlands – and strategic and bolt-on acquisitions, like DIG Airgas in South Korea and NovaAir in India, which was announced yesterday. Earlier this month the French industrial gas major announced it would invest $50m to upgrade existing hydrogen infrastructure as part of newly signed hydrogen supply deals with two US refiners. The investment will expand pipeline capacity and integrate new distribution systems to strengthen its footprint in Texas, where it already operates pipeline infrastructure and its La Porte… Read More »Air Liquide confirms industrial hydrogen as core growth driver | Air Liquide News

ABS debuts digital twin to enhance FPSO, FLNG, and FSRU safety, cut downtime, and extend lifespan

The American Bureau of Shipping (ABS), a classification society, has launched a real-time 3D structural digital twin life-cycle management tool, which is a web-based solution tailored for floating production storage and offloading (FPSO), floating liquefied natural gas (FLNG), and floating storage and regasification unit (FSRU) owners and operators. The post ABS debuts digital twin to enhance FPSO, FLNG, and FSRU safety, cut downtime, and extend lifespan appeared first on Offshore Energy.

US firm lands $450 million job for floating LNG terminal in Iraq

Excelerate Energy, a U.S.-based liquefied natural gas (LNG) company in Texas, has struck a new deal for the construction of a fully integrated floating LNG (FLNG) import terminal in Iraq. The post US firm lands $450 million job for floating LNG terminal in Iraq appeared first on Offshore Energy.

ABB to power CMAL’s 7 new all-electric ferries

Swiss technology company ABB has won an order with Poland-based shipbuilder Remontowa Shipbuilding to supply power distribution and propulsion systems for seven all-electric double-ended ferries ordered by Scotland’s maritime player Caledonian Maritime Assets Ltd (CMAL). The post ABB to power CMAL’s 7 new all-electric ferries appeared first on Offshore Energy.

North Sea oil & gas operators urged to up production ante by stepping up well intervention and development drilling game

As energy security concerns continue to run the show, Great Britain’s regulator, the North Sea Transition Authority (NSTA), has called on oil and gas operators to join forces and bolster well interventions and development drilling activities to revive shut-in wells to sustain domestic oil and gas production, which will lower the reliance on energy imports, support the supply chain, and unlock cost-efficient energy output. The post North Sea oil & gas operators urged to up production ante by stepping up well intervention and development drilling game appeared first on Offshore Energy.

Currency impact prompts 2.4% fall in group revenue for Air Liquide in third quarter | Quarterly Reports

Air Liquide’s published group revenue for the third quarter fell 2.4%, which it attributed to currency impacts and lower energy prices. CEO François Jackow said revenues rose 1.9% to nearly €6.6bn, driven by a similar percentage growth in its Gas and Services businesses. But Asia-Pacific, for many quarters the region fuelling growth, saw sales drop slightly by 0.8% year-on-year. In what it described as an uncertain industrial environment, healthcare and industrial merchant were growth drivers, up 5% and 3% respectively. Geographically, the Americas stood out with 5% growth while revenues in Europe, Middle East and Africa (EMEA) rose marginally (0.4%). Its investment backlog stands at nearly €5bn with new decisions amounting to €0.9bn, such as ELYgator, its 200MW electrolyser in the Netherlands, and also developments in the fast-growing electronics and semiconductor sectors. … to continue reading this article and more,… Read More »Currency impact prompts 2.4% fall in group revenue for Air Liquide in third quarter | Quarterly Reports