Oil Company News

The wave of consolidations in the US shale belt continued Tuesday as it was announced Occidental Petroleum had agreed to buy rival Crown...

China's state-owned energy major CNOOC has started building the biggest underground commercial crude oil storage facility in the country as...

US producer Occidental Petroleum has agreed to buy the independent shale driller CrownRock...

The World Shipping Council has identified four cornerstones needed to deliver the International Maritime Organization's (IMO) target...

UAE state-owned renewable energy company Masdar and Austrian energy company OMV have signed an agreement to...

Australian oil and gas producers Woodside Petroleum and Santos are in discussions over a merger reported to be in the region of...

Indian refined product demand fell last month as diesel consumption slowed on the year, official data showed Thursday...

US majors ExxonMobil and Chevron announced new spending plans this week, flush with cash from record earnings...

China's oil demand is expected to peak by the end of this decade, according to the latest estimate from an in-house think tank...

Russia's Lukoil announced a strategic review of its Bulgarian business on Tuesday, including the possible...

Low sulfur fuel oil futures (LSFO) in China traded lower for the third consecutive session on Tuesday after...

A monthly boost in Spanish diesel demand in November partly offset a seasonal decline in gasoline demand to limit the...

China's state-owned oil and gas producer PetroChina has discovered a new oil reserve in the western part of the country...

The US Department of Energy (DOE) has booked 2.73 million barrels of crude oil via a tender that closed last month, securing further stocks...

The Caspian Pipeline Consortium (CPC) resumed loadings at the Black Sea terminal of Novorossiysk on Thursday...

China's state-owned marine fuel producer SInobunker has completed its first bio marine fuel bunkering for a...

Operations are being restored at Imperial Oil's 120,000 bpd Sarnia refinery after a power outage...

The Science Based Targets initiative (SBTi)is seeking experts to join an advisory group to help develop a specific standard...

Fund Elliott Investment Management has taken a $1 billion stake in US oil producer and refiner Phillips 66 and is looking to take two board...

Brazil's Petrobras has terminated the sale of its LUBNOR refinery in northeastern Brazil, after the state-run company