Oil Company News

Energy major TotalEnergies has signed an agreement to sell its entire West of Shetland portfolio to the UK-based independent Prax Group...

Indian oil refiner Bharat Petroleum (BPCL) will shut one of the crude distillation units at its Kochi refinery for...

A hedge fund operated by high-profile manager Pierre Andurand has stepped back from the oil market amid the uncertain outlook for crude price...

US energy firm Sempra has entered into a deal with Saudi Aramco to sell 5 million mt per annum of LNG from the Port Arthur LNG Phase...

ExxonMobil has warned it may be forced to shut its 200,000 bpd Gravenchon oil refinery on the French Atlantic coast...

PetroChina's US trading arm has been fined $14.5 million by authorities over violations of export regulations, the Department of Justice...

Houston-based LNG producer Tellurian, which is behind the planned Driftwood project, said there is industry support for higher regasification pricing...

Japan's oil refining major Idemitsu Kosan has shut the 150,000 bpd crude distillation unit at its Hokkaido refinery for scheduled maintenance...

Gasunie and Royal Vopak, together with the Dutch Ministry of Affairs and Climate Policy, have launched a market consultation...

US passenger rail service Amtrak used 1.2mn USG of renewable diesel in fiscal year 2023, up from zero the previous year although diesel fuel use has increased...

ExxonMobil has been forced to shut different units at its Baytown and Beaumont refineries in Texas amid reports of flaring and related...

Brazil's state-run Petrobras has settled a long-running dispute with national tax authorities at an estimated cost of BRL 19.8 billion...

Saudi Arabia's crude exports fell below 7 million bpd in April as the Kingdom ramped up refined product...

Shell has agreed to buy Singapore-headquartered Pavilion Energy from its parent company Temasek

The US unit of trading giant Trafigura has agreed to pay $55 million to settle a case with regulator the CFTC...

Quantum Commodity Intelligence – Indian state-owned oil marketing company Bharat Petroleum will look to set up sustainable aviation fuel units at its three refineries...

The world's largest oil company Saudi Aramco has entered into an initial agreement to purchase LNG from NextDecade...

he US Environmental Protection Agency (EPA) was hit by three lawsuits Thursday representing more than 30 industry bodies...

Standard Bank, Africa's largest lender by assets, is set to provide financing for the controversial East African Crude Oil Pipeline...

South Korean refiner Hyundai Oilbank has temporarily cut run rates at its 520,000 bpd Seosan refinery after a processing error...