The green hydrogen market is losing momentum as high costs, uncertain demand, and major energy firms abandoning projects ...

BP has revealed its decision to walk away from the $55bn Australian Renewable Energy Hub megaproject was sealed by the ...

BP exits $36B Australian green hydrogen project in latest move away from renewables Jul. 24, 2025 11:14 AM ET BP p.l.c. (BP) Stock FSUMF By: Carl Surran, SA News Editor 10 Comments ...

Several barriers to clean hydrogen production, as well as greater political and economic uncertainty around transition industries, have led to project delays and cancellations.

Supermajor would only be able to move forward with H2 Teesside scheme if UK government grants compulsory purchase order ...

Developers of green hydrogen have scaled back investments and scrapped projects globally as elevated production costs and ...

In a surprising move, BP has announced its decision to pull out of a massive green hydrogen project in Australia. The Australian Renewable Energy Hub (AREH) will no longer be operated or owned by the ...

BP said other factors in its decision to pause the hydrogen project included a slow-developing hydrogen market in the Midwest and uncertainty created by current economic conditions.

BP is indefinitely pausing multibillion-dollar hydrogen project projected to create about 16,000 construction jobs in Northwest Indiana. The London-based oil giant also is putting the brakes on a ...

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Exxon Mobil Corp. warned its project to build the world’s biggest low-carbon hydrogen plant in Texas could face delays after Congress curtailed incentives as part of President Donald Trump’s tax and ...