Oil Company News

Spanish energy major Repsol has increased carbon reduction targets and ramped up investment plans for renewables...

Saudi Aramco will continue to increase its export capacity through upstream investment, aiming to deliver a gradual increase in oil production...

The push to decarbonise the world's energy systems will see a greater role for oil exploration and...

Greenpeace activists blockaded energy major Shell's Rotterdam refinery Monday as part of a campaign to end fossil fuel advertising...

China state-owned oil and petrochemical company Sinopec will build a new 6 million mt per year LNG import terminal in...

Nine men that were working for Singapore-based fuel services provider Southernpec have been...

Fuel retail and downstream trading arm Puma Energy was consolidated into Swiss...

Iraq has converted nearly half of its export capacity at its southern terminal on the Arab Gulf coast to load its Basrah Medium crude...

Gunvor's profits during the first half of 2021 fell 28% from last year's record high as the crude oi...

Canada's second-largest pension fund will sell all its investments in oil production by the end of 2022 while boosting its...

Using carbon offsets to mitigate the climate impact of producing and selling fossil fuels is not enough and the industry must...

Essar Oil UK, the owner of the troubled Stanlow refinery, has avoided collapse after striking a deal with tax authorities to...

The global clean methanol market needs to grow 12-fold by 2025 in order to accommodate Maersk's new-build ships that will run on the fuel...

Russia's Exxon Neftegas Limited (ENL) will invest $5 billion over the next five years to stabilize...

Quantum Commodity Intelligence - Saudi Aramco has agreed to terms of a $12 billion financing package for its syngas joint...

French energy major TotalEnergies predicted peak oil before the year 2030 in its latest demand forecasts, with consumption dropping...

China National Offshore Oil Company, the state-owned offshore oil and gas major, plans to raise up to 35 billion yuan ($5.42 billion)...

The OPEC+ group of oil-producing countries has helped the oil market recover in an orderly way but a big supply...

Goldman Sachs expect Brent crude futures to reach $90/b by year end, an increase of $10/b from it's long-held $80/b...

China's state-owned oil and gas companies are set to splurge more than $120 billion on drilling and other oilfield services...