bp to reset strategy after 2024 profits dip to $8.9bn
bp’s annual underlying profit slipped from $13.8bn in 2023 to $8.9bn last year, prompting a ‘strategy reset’.
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Welcome to our February double-header issue, which shines a light on air gases and medical applications using industrial gases. When it comes to air gases, today the US industrial gas industry is moving on from the challenges and uncertainties brought by the global economic struggles, as our annual air gases report tracks. But change is relatively slow to unfold. At the end of 2024, just three new air separation unit (ASU) expansions with liquefaction had come online in the prior 12 months, with an additional three new ASUs expected to become operational between now and 2027. That reflects supply and demand, of course, but is part of the picture to be understood in this important market.
bp’s annual underlying profit slipped from $13.8bn in 2023 to $8.9bn last year, prompting a ‘strategy reset’.
With President Donald Trump suggesting a 100% tariff on Taiwan-made semiconductors, a former executive of Taiwan Semiconductor Manufacturing Co. (TSMC) has said that Taiwan should be actively working with the US to enhance industrial cooperation.
President Trump’s proposed 25% tariffs on steel and aluminium imports into the US on top of existing duties would be a ‘devastating blow’ to the UK industry, according to the UK Steel Director General.
President Donald Trump has announced a new energy partnership with Japan that will see liquefied natural gas (LNG) exports from the $44bn Alaska LNG project.
In an industry where safety is paramount, oxygen equipment manufacturers and suppliers now have the option of adopting a new oxygen equipment supplier certification program, introduced eight months ago.
gasworld takes 10 minutes out with Kurt Tarkany, National Sales Manager at SuperFlash
Summit Carbon Solutions (Summit), the company behind a proposed 668-mile-long carbon dioxide (CO2) pipeline, has signed a deal with electrofuels (e-fuels) producer Infinium to supply its facilities in North Dakota or South Dakota.
Molly Burgess speaks to Burnham RNG’s Justin Hopkins about the possible benefit locked up in wastewater in the US
Air Products chose not to give any prominence to its incoming leadership team in the company’s Q1 2025 earnings call today.
Linde overcame a challenging trading environment and pointed to the ‘resiliency of its model’ after posting a full-year operating profit of $9.7bn in 2024, up 7% on 2023.
