Oil Company News

LyondellBasell has completed the shutdown of its 263,776 bpd Houston refinery, Reuters reported, ending operations at the decades-old...

Activist investor Elliott Investment Management has built a stake in BP, a move that could set off a battle over the British energy giant's...

The Nigerian National Petroleum Company and an independent oil production partner achieved 96% reduction in associated gas flaring...

The operator of the Trans Mountain Expansion (TMX) crude pipeline is working on allowing loading...

Adnoc Gas is set to boost capital expenditure by 40% in the 2025-2029 period as it completes the 60% of the under-construction Ruwais LNG...

European energy transition targets are in danger of collapsing amid a lack of consumer interest, the Swiss Automobile Industry Association...

South Korean conglomerate SK Innovation expects margins from its oil refining business to stay stable in 2025 after a solid rebound in Q4 as demand for...

TotalEnergies' CEO Patrick Pouyanne ruled out any investment in the UK's North Sea because of the legal problems...

South Africa's Sasol warned investors Wednesday to expect a sharp drop in earnings, with repairs to its Natref refinery expected...

Lukoil's 300,000 bpd Volgograd refinery shut down on 3 February following a drone attack that damaged a key distillation unit and...

Equinor expects European natural gas markets to remain tight over the years ahead as escalating geopolitical tensions intensify global...

Refined oil product deliveries into the Spanish market from Exolum terminals sunk to the lowest in nine months in December, latest figures...

A Ukrainian drone strike overnight hit oil storage tanks at the Albashneft refinery in Russia's southern Krasnodar region, igniting a...

Marathon Petroleum Corp (MPC) sees growth in petroleum product demand for its fuels extending through...

ONEOK and a unit of Marathon Petroleum, MPLX, will partner to build a new large-scale 400,000-bpd...

Austria's OMV warned investors it was unlikely to see a recovery in refinery margins this year as it struggles to compete in an overcrowded...

Brazil's state-run oil firm Petrobras saw production decline in the fourth quarter, the company reported on Monday, while falling diesel sales...

Equinor has halted production at its Johan Sverdrup oilfield on Tuesday after an unexpected power outage forced operations to be suspended...

The world's largest independent energy trader, Vitol, has projected that global oil demand will maintain its current levels through 2040...

Saudi Arabia's Bahri is set to expand its fleet with at least 10 new very large crude carriers (VLCCs) in 2025...