Trending News: US Drillers Cut Three Oil Rigs, Add Three Gas Rigs, Leaving Weekly Count Unchanged, Says Baker HughesCaturus Signs LNG Supply Deal with Saudi AramcoIndia Explores Gas Power Boost to Stabilize Grid During Peak HoursEnbridge Reports Record 2025 Financial Results, Reaffirms 2026 Financial Guidance, and Grows Secured Backlog to $39 BillionPentagon to Move Carrier to Middle East From Caribbean, Officials SayIndia’s Reliance Wins US Licence for Venezuelan Oil, Sources SayUS Allows Oil Majors to Broadly Operate in Venezuela, New Energy InvestmentsVenezuela Oil Revenue Projected to Hit $5 Billion Under U.S. ControlIndian Scrapyards Welcome Growing Number of Dark Fleet TankersIndia’s Top Private Refiner Gets U.S. License to Buy Venezuelan OilUS team develop voltage-driven DAC to cut energy penaltiesRestrict large nitrous oxide cylinders to “legitimate commercial users”Global Oil Stockpiles Swelled Last Year by Most Since 2020, IEA SaysOil Prices Set for Another Weekly Decline as Iran Risks RecedeConocoPhillips and Partners to Invest $2 Bln in Greater Ekofisk Gas, CondensateOil Prices Drop 3% After IEA Cuts Demand Growth OutlookElectric Vehicle Sales Dip 3% After China Cuts Subsidies and Adds TaxTony Blair Think Tank Calls For North Sea Oil RevivalCentral North Sea could store 10 billion tonnes of CO2North Sea sandstone study highlights scale of UK carbon storage opportunityTop Stories Of The Day: BERC Approves 450 MW FDRE for Bihar; Odisha Signs ₹67,000 Cr MoUs for 6.8 GW RE and More…Market Positioning Itself for Period of Higher Geopolitical RiskGrid-Forming Inverters Emerge As Key To Powering Asia’s Clean Energy TransitionSolar Breakthrough: Indian Scientists Decode Triggers Behind Explosive Eruptions Threatening Power GridsMalaysia Accelerates Solar Growth As Battery Storage Costs FallNomura Real Estate And Clean Energy Connect To Develop 550 Solar Plants Under Corporate PPA Model In JapanUkrainian Drone Strike Halts Major Russian Refinery in VolgogradTrump Disavows Oil Executive’s Role in Venezuela TalksWhite paper: Smart manufacturing “a necessity” for successVideo | Virginia Esly: A diverse teamUS revokes greenhouse gas ruling as China’s emissions plateauIndia’s Top LNG Importer Says Favorable Terms Key to US DealsTrump Energy Chief Says US Aims to ‘Set Free’ Venezuelan EconomyUS Publishes Interim Tax Credit Rules Meant to Restrict China Clean Energy InfluenceTrump Touts Good Relations with Venezuela, Says Oil Magnate Sargeant Does Not Represent USOPG and Port Hope to collaborate on 10 GW new nuclear planFinal Investment Decision taken for Romanian SMR projectNuclear central in France’s latest energy strategyInpex Warns Of Looming LNG Crunch in AsiaTop Trader Sees Sanctions Tightening Market and Lifting Oil PricesNorway’s Oil Investments Set to Drop from 2025 HighIEA Slashes Oil Demand Growth Forecast For 2026Shipping Giants Forge Ahead with Green Investments Despite Carbon Price CollapseGlobal Exploration Signaling ‘Early Recovery’Chemical pathway could cut hydrogen import costs, study findsFrance President calls for “new scale and speed” in industrial pushFedEx fuels planes with blended SAF at five US airportsOil Prices Edge Lower as IEA Reduces Demand ForecastEU Industry Chiefs Demand Lower Energy PricesEurope Gets Rare LNG Cargo from China Amid Gas CrunchRussia to Send Oil to Crisis-Stricken CubaCBAM exemptions risk weakening decarbonisation incentives say EBAUSA Labor Market Report Underpins Energy DemandYara doubts CBAM suspension as delays threaten US blue ammonia plansUK council approves £20m AD plant with CO2 outputSolar Tech Weekly: UV Damage Tracking Breakthrough in Solar Cells; Trinanos’ 3D Nano-Coating Boosts Solar Efficiency and More…Bangladesh election: tackling energy import dominanceSingapore Raises Solar Target To 3 GW-Peak By 2030 In Budget 2026NTPC, NVVN Sign MoU for Carbon Management and Capacity BuildingLibya Awards First Oil Blocks In 20 Years to Chevron and Europe’s Oil MajorsLibya Awards First Oil Blocks In 20 Years to Chevron and Europe’s Oil MajorsSaudi Arabia’s Aramco Begins Production At $100B Jafurah Gas ProjectSaudi Arabia’s Aramco Begins Production At $100B Jafurah Gas ProjectU.S. Energy Secretary Says Venezuela Could See Surge in Oil OutputU.S. Energy Secretary Says Venezuela Could See Surge in Oil OutputFOX ESS Powers Smarter Homes Across Southeast Asia2nd Edition of Solar & Storage Expo Andhra Pradesh 2026 Powers High-Impact Industry Convergence in Vijayawada Wright Says China Bought Some VEN Oil From the USAVideo | Virginia Esly: Specialty gas growth areas‘Zero transition’ without CO2 prices warns TotalEnergies CEOJapan Restarts Nuclear Power at Kashiwazaki Kariwa After 14 Years in the DarkUS Energy Secretary Meets Venezuela’s President as They Face Herculean Task of Oil RecoveryTrump Directs Energy Department to Issue Funds to Keep Coal Plants OnlineSiemens Energy CEO Sees Data Center Boom Lasting on Power NeedsSM Energy is Seeking Buyers for Eagle Ford Natural Gas Assets, Sources SayStudy examines benefits of Pallas to future power plant constructionUS campaign puts case for disposal, not reprocessing, of used fuelSafety review completed at South African research reactorAssessment of proposed Norwegian SMR plant to beginBig Oil Courts Syria for Major Exploration DealsIndian Refiners Urged to Buy More U.S. and Venezuela OilOPEC Data Indicate Small Q2 Surplus Ahead of Key OPEC+ Decision on Resuming Oil Output HikesTrump Allows U.S. Firms to Provide Services for Venezuela’s OilTotalEnergies Q4 Profit Slips on Lower Oil PricesNovatek’s 2025 Profit Tumbles 60% as Sanctions BiteEIA Sees Brent Price Dropping in 2026 and 2027US Energy Secretary Set to arrive in Venezuela with Herculean Task of Oil RecoveryTotalEnergies Seizes Full Control of Lukoil Refinery in NetherlandsTrump to Order Pentagon to Buy Coal Power for National SecuritySiemens Boasts Record Gas Turbine DemandGreen hydrogen ‘growing strongly’ albeit from small baseTop Stories Of The Day:KPI Green Wins 300 MWac Adani Order; MAHAPREIT Invites Bids for 2 MW Amul Rooftop Solar and More…Semicon Korea: Mixed results for wafers, Air Liquide promotes molybdenum techGerman Oil Refinery Sounds Alarm Over U.S. Sanctions RiskUS Crude Oil Inventory Build Pressures Prices7th Edition of Solar & Storage Expo Maharashtra 2026 Strengthens the State’s Clean Energy LeadershipWeek in Africa: Sudan Expands Solar Mini-Grids; Cabo Verde Boosts Storage Capacity and More…SolaX Validating Safety at the System Level Through Extreme TestingDeye Integrated Energy Storage Solution Powering Reliable Off-Grid Applications in IndiaADNOC CO2 storage site receives DNV site endorsement

CEO switch: How will Air Products shift its strategy?

Gas
February 4, 2025

The appointment of former Linde executive Eduardo Menezes as Air Products’ new CEO marks a significant turning point for the industrial gas giant – and it is one that could reshape its approach to clean hydrogen, where it has taken a lead with key projects like NEOM in Saudi Arabia.

Menezes’ move into the top spot follows an investor-driven boardroom shake-up led by activist investor Mantle Ridge, which played a role in ousting longtime boss Seifi Ghasemi amid concerns over CAPEX and the company’s $15bn clean hydrogen pipeline.

A strategic recalibration?

Under Ghasemi, Air Products had made bold moves to make it one of the most aggressive backers of clean hydrogen – investing in some of the world’s largest production projects, including the 2.2GW NEOM green hydrogen plant.

… to continue reading you must be subscribed