Oil Company News

Goldman Sachs expects oil tanker freight rates to decline steadily over the next two years as fleet growth outpaces demand, easing the...

Chevron has completed a major upgrade of its Pasadena, Texas refinery, increasing its capacity to process lighter crudes by nearly 15%...

The International Air Transport Association (IATA) anticipate heightened profitability for the global airlines industry in 2025, the group announced...

Swiss prosecutors have demanded $156 million in penalties and a four-year prison sentence for former COO Mike Wainwright in a...

AI's integration into the oil and gas sector is revolutionising exploration, production, and distribution processes, the International...

Equinor has closed transactions exiting its upstream businesses in Azerbaijan and Nigeria, with a total consideration of up to $2 billion...

Saudi Aramco has cut the OSP for its flagship Arab Light crude loading in January 2025, reflecting the lower cash cargo premiums...

Goldman Sachs has stood by its $76/b Brent forecast for 2025 as rising global crude inventories outweigh the prolonged tightening...

London-listed Energean said its Israeli oil production is up by more than one-third over 2023 levels and "remains unimpacted"...

The Panama Canal Authority said Friday it would delay by four months, to April 2025, the debut of its green vessel monthly booking slot...

The Panama Canal Authority will shut down for 48 hours the East Lane of Gatun Locks starting December 12 for repairs...

Tanzania awarded tenders to supply what appears to be its largest monthly intake of refined products in history...

The Norwegian Offshore Directorate (NOD) announced Monday that it had made a groundbreaking discovery in the southern sector...

Taiwan's Formosa Petrochemical is set to lower run rates at Mailiao refinery in the first quarter of next year due to planned maintenance work, a company...

Spain's Repsol has agreed to sell two oil and gas assets in Colombia to Geopark, the two companies announced Friday...

Both Imperial Oil and Suncor are restarting units at their Sarnia refineries in Ontario, Canada, with the latter experiencing an upset this week...

China's sustainable aviation fuel supply could exceed domestic demand by around 16 million mt by 2030 and supply-side fiscal support is...

The Pluto LNG facility in northern Australia was offline for a fourth day on Thursday following an emergency shutdown earlier in the week...

The UK automotive industry has issued a stark warning to policymakers Wednesday, calling for urgent government action to safeguard...

Suncor was bringing back online a unit at its Sarnia refinery Wednesday after the fire brigade was called to an operational...