Oil Company News

BP will close at least two units for maintenance at its 94,000 bpd Lingen refinery in Germany next month

US producer Occidental Petroleum expects to restart operations in the US Gulf of Mexico that were curtailed...

The fall in natural gas and crude oil prices during the first quarter of 2024 and the unplanned outage at its Whiting refinery...

Crude prices are likely to hold in the $80-$100/b during 2024, underpinned by healthy demand growth, OPEC+ cuts and geopolitical risk...

Refinery throughput levels continued to fall for Austrian refiner OMV during the first three months of the year, although falling crude prices...

The world's largest independent oil trading company chalked up profits of $13 billion in 2023, its second highest on record...

Crude loadings from the Caspian Pipeline Consortium's export pipeline from Kazakhstan to the Black Sea have been halted for 72 hours...

Trading giant Trafigura has announced a management shakeup after two long-standing executives announced retirement plans...

An unexpected suspension of offshore drilling rigs in Saudi Arabia is having a big knock-on effect on the business of China's state-owned drilling...

Imperial Oil has begun shutting units at its 120,000 bpd Sarnia refinery for a planned turnaround...

South Korean refiner S-Oil has become the first firm in the country to receive certification for supplying sustainable aviation fuel via the...

ExxonMobil expects lower oil and gas prices and downtime at its refineries to squeeze first quarter profit...

Independent commodity trader Gunvor reported a near-50% decline from record profits...

Energy giant Saudi Aramco has awarded over $7 billion in contracts as part of its plans to tap into the country's vast but underdeveloped natural gas reserves...

The Phillips 66's Borger refinery in northern Texas was hit by a fire on Monday, but according to company officials the plant..

Japanese conglomerate Mitsubishi has made a strategic investment in MidOcean Energy, an international liquefied natural gas trader...

US oil refiner Phillips 66 has now fully transitioned its Rodeo refinery in California to renewable feedstocks and fuels and expanded...

Independent producer Ithaca Energy has received a four-week exclusivity period from Italy's Eni...

ExxonMobil will shut its 250,000 bpd Joliet refinery in Illinois for a major turnaround expected to last around 50 days...

Japan's oil refining major Idemitsu Kosan and leading petrochemical company Mitsui Chemicals are planning to wind down some of their joint...