Oil Company News

The UK Coastguard is eyeing the movements of a damaged bulk carrier located off the coast of Kent and loaded with an explosive cargo...

China's independent oil refiner Shandong Yulong Petrochemical with a total designed capacity of 800,000 bpd has started operations this...

US inventories of distillate fuels shrank to a three-week low, latest weekly data...

Gastech 2024 saw a plethora of new dry gas and LNG deals between countries, and it became clear that the global energy landscape is evolving to...

Australian iron ore miner Fortescue has struck a deal with Liebherr to buy $2.8 billion worth of zero-emissions trucks in a...

Talks between Marathon Petroleum and the Teamsters union have reached a deadlock as the strike at the 140,000 bpd Detroit refinery...

Aliko Dangote, owner of one of the world's largest and newest refineries, has lamented passing on the opportunity to buy Arsenal football club...

Exolum and Técnicas Reunidas have signed an agreement to offer complete commercial solutions for carbon capture and storage...

Bank of America (BAML) delivered a fresh warning to oil traders, citing the risk of overexposure to short Brent positioning amid an impending...

European majors Eni and TotalEnergies outlined plans to boost oil and gas production next year...

US state California is suing ExxonMobil over its alleged role in plastics pollution, claiming the company pushed increased demand by...

A Chinese court declared Sinochem's Changyi Petrochemical bankrupt over the weekend...

This year's weak US natural gas prices have dented the profitability and cash flows of major drillers...

Novatek has frozen its development of the Murmansk and Obsky LNG plants in Russia's Arctic region due to the impact of...

As Gastech 2024 nears its close, a number of LNG deals and agreements have been announced, marking significant strides in Europe's efforts...

Trading house Trafigura could name Richard Holtum as successor to CEO Jeremy Weir next week, according to a Friday report in the...

ExxonMobil reported an issue affecting a coker at its 609,000 bpd Beaumont refinery in Texas on Thursday...

Goldman Sachs has revised down its forecasts for gasoline and distillate margins in 2025, marking a notable retreat from initial expectations set...

New car sales in the European Union slumped to their lowest levels in three years in August, latest data from the European Automobile...

US inventories of middle distillates remained relatively flat on the week, latest weekly data from the Energy Information Administration...