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BP in reset mode as Q1 profits slip back

Gas
April 29, 2025

Global energy giant BP posted a $1.4bn profit in the first quarter of 2025, about half its first-quarter profit a year ago, as a mix of corporate and market challenges impacted performance.

CEO Murray Auchincloss pointed to market volatility and economic uncertainty for the weaker results. BP is also in the midst of a ‘resetting strategy’ and is reallocating capital.

The reset, , marks a fundamental shift, aiming to prioritise oil and gas while reducing investment in low-carbon energy and renewables – and followed a 35% drop in annual profits to $8.9bn.

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Gas
July 27, 2026

Nippon Sanso Matheson to build $5.4m industrial gas site in Texas

By 31 min ago 1 min read Industrial gas major Nippon Sanso Matheson plans to build a $5.4m office and production facility in San Antonio, Texas, according to a filling…

Gas
July 27, 2026

Middle East conflict sparks closure fears for UK’s largest gas storage site

The UK’s largest gas storage facility is facing an uncertain future as the impact of the ongoing conflict in the Middle East is being felt on the Yorkshire coast, where…