Oil Company News

A former commodities trader is seeking $2.8 billion in damages against the UAE, alleging his company was the subject of a smear campaign...

The Trans Mountain Expansion (TMX) pipeline will finally start loading crude for export in March or early April, a company official confirmed...

Oil refiners in the US have asked the Biden Administration to reform the current Renewable Fuel Standard (RFS) and renewable fuel credit (RIN) program...

Bunker Holding expects that 20% of the marine fuel mix will be made up of new fuels by 2030 and biofuels will play a key role in reaching targets...

Uganda is close to finalising a financing deal with a UAE investment group to develop a planned $4 billion refinery, according to press reports...

Shell will shut multiple unspecified units at its 404,000 bpd Pernis refinery at the end of January for up to three months...

An independent refiner in China has gained approval to supply sustainable aviation fuel (SAF) to commercial airlines, marking the first...

Tokyo-headquartered Idemitsu Kosan is on track to wind down crude oil refining activities at one of its main refineries in Japan and...

Quantum Commodity Intelligence – ExxonMobil has brought a suit against a group...

Operations have been suspended at Novatek's Ust-Luga oil terminal after a Ukrainian drone strike on Sunday, with a fire halting work for...

Protesters have allowed output to resume at Libya's Sharara oilfield, ending a sit-in at the 300,000 bpd field that has disrupted...

Around 100 offshore drillers employed by Odfjell Technology working on Equinor's Mariner platform in the North Sea...

Italian energy major Eni and South Korean chemical company LG Chem have agreed on a joint venture to build and run a new biorefinery...

Saudi Tadawul has bought a stake in the Dubai Mercantile Exchange (DME), with the Saudi exchange set to take a 32.6% stake in...

Italy's government is considering divesting part of its stake in ENI in a bid to raise...

Japanese energy company Inpex will speed up the development of the LNG Abadi project in Indonesia, which has been...

International energy major BP and China's largest oil refiner Sinopec have agreed to work together on energy transition while...

Shell has indefinitely suspended all shipments through the Red Sea after last week's strikes by the US and UK against Houthi rebels has so far...

The Caspian Pipeline Consortium (CPC) wants to handle 70 million mt of Kazakh and Russian crude oil for export during 2024, the group's...

At least six refineries in Texas have reported flaring since the weekend as an arctic storm grips the US...