Gas Industry News
A collection of Gas latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
What is the windfall tax on oil and gas companies and how much do they pay?
Rising oil prices have put the spotlight back on the amount of money energy firms are making since prices surged at the beginning of the Iran war. Energy firms operating in the UK are subject to a windfall tax that was introduced in 2022 to help…
Posco ramps up industrial gas push beyond steel
Posco said Tuesday it is accelerating expansion of its industrial gas business as a future growth engine, aiming to capture rising demand from advanced industries such as semiconductors, aerospace and secondary batteries. As these sectors expand…
BP profits more than double as oil and gas prices soar in Iran war
BP's quarterly profits have more than doubled after a jump in oil and gas prices linked to the conflict in the Middle East. The energy company said on Tuesday that underlying profits for the first quarter were $3.2bn (£2.4bn), up by more than…
Air Liquide Revenue Rises on Gas, Services Business Strength
posted higher first-quarter revenue, boosted by its gas and services businesses performance. The French industrial-gases company said Tuesday that revenue for the three-month period rose 1.9% on a comparable basis to 6.79 billion euros ($7.96…
GM Boosts Profit Outlook as Truck Sales Buck Rising Gas Prices
General Motors Co. raised its profit outlook for the year by $500 million, saying its pickups and sport utility vehicles continue to sell even as gasoline prices soar due to the war in Iran. The Detroit-based automaker now expects as much as $15.5…
Vietnam Gas Major Looks to US as Iran War Reorders LPG Flows
PetroVietnam Gas JSC plans to import more liquefied petroleum gas from the US than its traditional Middle East suppliers next month, in the latest sign that the Iran war is reordering global energy flows. The state-owned gas major will bring in…
Labor backed into defending no new taxes on gas
Foreign Minister Penny Wong says her visit to China, South Korea and Japan this week is to help strengthen the region's “shared energy security”. The urgent need to promote “sharing” explains Anthony Albanese's recent…
The Northeast Pipeline Revival Changes The Natural Gas Map
Williams Companies is using the current policy environment to revitalize two pipeline projects that were previously blocked by New York state regulators. Williams shares have gained approximately 23 percent year-to-date through early April…
All the alternative routes for Middle East oil and gas to bypass the Strait of Hormuz
The U.S.-Israeli war with Iran has disrupted shipping through the Strait of Hormuz, with only three vessels passing the waterway in one 24 hour, shipping data showed. The Strait is considered the world's most important oil chokepoint and had been…
U.S. Natural Gas Futures Pick Up in Early Trade
0923 ET – U.S. natural gas futures recover ground after falling the previous two sessions, supported by some cooler near-term weather, easing production and solid LNG exports. “Historically mild weather in March-April will fade into…
Gas prices: New 2026 high set nine days after energy secretary said prices 'likely peaked'
“I don't know,” Wright said during the interview with Tapper. “That could happen later this year. That might not happen until next year. But prices have likely peaked.” President Donald Trump disagreed with Wright's…
Québec pushes back renewable gas target, but moves on buildings
Through a new draft regulation published Wednesday, the Québec government has both moved closer to and further away from its goal of reducing fossil gas consumption in the province. On one hand, the Ministère de l'Économie, de…
Gas prices are expected to keep rising in the absence of a US-Iran deal
Gasoline prices are expected to turn higher in the next week as oil holds above $100 per barrel amid uncertainty over the US-Iran war. The national average rose to $4.11 per gallon on Monday, up about $0.07 from a week ago, according to AAA data.
Trump Cancels More Wind Leases to Spur Oil and Gas Investment
Two offshore wind developers will give up federal leases and instead commit funds to fossil fuel projects under agreements with the Trump administration, the Interior Department said Monday. The deals mark the latest step in the administration's…
FavTrip defies gas price surge with discounts
A local gas station and convenience store chain is keeping prices low amid increasing rates thanks to a mix of business smarts, social media savvy and a loyal customer base. Why it matters: FavTrip continues to offer 10- to 50-cent-per-gallon…
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