Oil Company News

A lack of manual workers in South Korea is delaying the construction of Saudi Aramco's biggest petrochemical project in the...

Oil major Shell is suing environmental lobby group Greenpeace for at least $2.1 million (£1.7m) in damages in response to...

Canada's Suncor expects refinery runs to dip in the fourth quarter on maintenance at its two largest refineries...

Swiss-trader Gunvor is giving up Singapore fuel oil storage that it has operated on long-term lease from Oiltanking Seraya terminal...

Japanese energy company Inpex and project partners Pertamina and Petronas plan to generate 70 million carbon credits between...

The UK has sanctioned 29 companies and individuals linked to Russia, including the Dubai-based oil trader Paramount Energy...

Nordic shipping company Wallenius Wilhelmsen has conducted its first marine biofuel trial in South Korea...

BP announced it has started oil and gas production from the Seagull field in the UK sector of the North Sea...

Private equity and financial giant Blackrock has invested $550 million into the Stratos direct air capture (DAC) plant in Texas...

US-based refiner Vertex Energy profits recorded weaker profits in Q3 compared with the previous year as it ramped up...

The world's largest oil company Saudi Aramco on Tuesday reported lower crude output in the third quarter as voluntary production cuts...

China's Sinopec has agreed on a landmark partnership with QatarEnergy to take ownership in the development of the world's biggest...

Container shipping giant Maersk is to cut as many as 10,000 jobs as part of a shakeup of the company's business after disappointing Q3...

PetroChina is working to restart crude oil imports from Venezuela after the US broadly dropped its sanctions on the OPEC country...

A strong trading result of Shell's liquefied natural gas (LNG) business limited the company's 34% annual drop in Q3 earnings...

US energy firm Chesapeake has signed a deal with Vitol supply up to 1 million metric tons LNG per year...

Earnings at US independent refiners HF Sinclair and PBF Energy came in above expectations...

Finnish energy company Neste announced it will scrap 400 roles in a cost-cutting exercise as competition in the global...

Sri Lanka is set to award a multi-billion dollar contract for Sinopec to construct the country's second oil refinery...

The number of vessels that can transit via the Panama Canal each day is to be restricted even further to just a trickle as ongoing drought...