Oil Company News

Chinese energy majors Petrochina and Sinopec announced in separate statements to the New York Stock...

Argentine state-owned oil and gas company YPF said it will increase capex spending for the rest of the year after...

India's Chennai Petroleum Corp has reduced crude runs at its 200,000 barrels per day Manali refinery in southern India by around 25% due to...

The increasingly acrimonious dispute between Shell and its unionised workers in Australia is set to delay major maintenance on its troubled Prelude...

America's largest oil and gas companies have defied calls from the Biden administration to boost domestic...

Adnoc Distribution, the UAE's largest fuel and convenience retailer, said its second-quarter net profit surged 71%...

Germany-based Siemens Energy said Monday that it will start winding down its Russian assets this autumn, although is still prepared to maintain turbines for...

The Freeport LNG terminal is targeting early October for a partial restart of operations, which have suspended since...

Russia has prohibited investors in energy and financial industry from what it deems to be hostile countries from...

Canadian and US oil producer and refiner Suncor was the latest energy company to report bumper profits this week with...

US major ConocoPhillips reported another stellar quarter of earnings, telling investors Thursday that it enjoyed...

Oil flows along the Caspian Pipeline Consortium's (CPC) pipeline from Kazakhstan to the Black Sea are seeing...

The world's largest airline, American Airlines, has signed a memorandum of understanding to buy up to 100 hydrogen-...

Trader Glencore has written off the complete value of its stake in Russian oil major Rosneft, saying that it cannot...

The dislocated global crude oil trade caused by the Ukraine-Russia war has "further to run...

The European Space Agency (ESA) has finally declared its Sentinel-1B satellite lost after more than seven months...

A power failure on Wednesday morning knocked out the Godorf crude oil refinery, the northern...

Japanese traders Mitsubishi and Mitsui have taken a hit on their investment at Russia's Sakhalin-2 LNG project...

US refiner Marathon Petroleum saw refining earnings spike to $7.8 billion in the second quarter, more than ten...

Bunkering operations are slowly returning to Fujairah after heavy rains and flooding led to a shutdown of the...