Oil Company News

Norwegian oil companies have struck a deal on pay with employees...

French energy major Total is planning to make a final investment decision on a potential 5.6 million mt/year LNG project in ...

Shell will implement a planned 200,000 b/d capacity cut at its 500,000 b/d Pulau Bukom refinery in Singapore ...

Saudi makes small cuts to OSPs for Asia customers, reflects India demand slowdown...

Swiss trading house Gunvor recorded its highest-ever trading profits in 2020 at $320 million after taxes, with "strong ...

Shipping giant Maersk warns there will be bottlenecks in supply chains and equipment shortages throughout the rest of 2021 and into early 2022...

Moody's Investors Service has upgraded its outlook for the global energy industry, citing a sustained increase in commodity ...

Iraq is reportedly considering the purchase of ExxonMobil's stake in the West Qurna 1 oil field via state-owned firm Basra Oil ...

Crude oil output at the world's biggest producer fell more than 12% in the first quarter of the year to 8.6 million bpd...

The slowdown in Indian demand presents a strong case for lower Saudi OSPs, but market data supports a just a small cut to June differentials…

Brazil's Petrobras is to offer natural gas to wholesale customers with pricing indexed to the US Henry Hub gas benchmark, in addition to Brent.

Abu Dhabi publishes first Official Selling Prices against the IFAD Murban futures contact. Upper Zakum largely in line with spot market…..

US refiner and chemical manufacturer Phillips 66's refining margin doubled in Q1 compared with the prior quarter to ...

Chevron's downstream business suffered in the first quarter amid the impact of Covid-19, with US sales of refined products dropping 9% year-on-year...

Abu Dhabi National Oil Co has informed its term customers of supply cuts for its Murban, Das Blend and Upper Zakum crude ...

Italian energy major Eni's Q1 crude oil production fell 9% on the year to 814,000 b/d largely due to the effect of OPEC+ ...

Automakers Daimler Truck and Volvo Group announced Thursday a €1.2 billion hydrogen-based fuel-cell joint venture ...

Finnish renewables producer and refiner Neste will be able to produce up to 500,000 mt per year of sustainable aviation ...

Oil producer Saudi Aramco has lowered its official monthly selling price of liquefied gas (LPG)...

Irish budget airline Ryanair is committing to power 12.5% of its flights with sustainable aviation fuel (SAF) by 2030 it said ...