Oil Company News

Net earnings at China National Offshore Oil Corporation (CNOOC) during the first half of this year tripled...

South African Sasol and its joint venture partner Total are mulling the sale or closure of its...

Finland's' energy major Fortum is speeding up the closures of nearly 40% of its coal-fired power...

Shares in both BHP Group and Woodside Petroleum dropped following the announcement that the companies would merge oil and gas...

Qatar Petroleum (QP) has awarded its monthly Al Shaheen tender for October loading at premiums ranging from around Dubai +$2/b to ...

Premiums for Russian light sweet Sokol crude for October-loading have retreated sharply, reflecting the slowdown in Chinese spot buying and weaker refining...

Premiums for Russia's ESPO crude oil have continued the summer-long downwards trend this week, amid the continued slump in Chinese spot demand,...

Royal Dutch Shell will start scheduled repair and maintenance work this week at the Wessling...

The Shell Petroleum Development Company of Nigeria Limited (SPDC) declared force majeure on its...

Oman's new Raz Markaz crude terminal is over 70% completed and the first phase is set to start operations in the first quarter of 2022...

Saudi Aramco's plan to take a stake in Reliance Industries' oil refining and chemicals business took a step closer Monday...

Mining giant BHP has launched a review of its global oil and gas assets and is assessing a potential merger of the division with Perth-based producer Woodside...

Russian energy major Rosneft saw its crude output volumes increasing 5% over the quarter as the company took...

China's state-owned Huajin will start construction of a 300,000 b/d refinery in the north-eastern city of Panjin later this...

US oil majors Exxon Mobil and Chevron want to increase renewable fuel production by utilising existing refining facilities ...

Royal Dutch Shell has agreed to pay around €95m (£80.4m/$111.6m) to communities in southern Nigeria over crude oil spills in 1970...

Spanish oil major Repsol secured regulatory approval to restart production at the North Sea Yme oil field...

The UK government has been too slow to act on Covid testing, and Heathrow is losing out to Europe, said the operator ...

Exxon Mobil has begun marketing its US shale gas properties as it ramps up a long-stalled program that aims to raise billions of dollars to shed unwanted assets and reduce debt...

Saudi Aramco will provide a number of its customers in Asia-Pacific and Europe with their requested September term crude volumes...