Oil Company News

North Sea oil and gas producers have told UK chancellor Rishi Sunak they are rethinking projects in Britain...

Saudi Aramco is planning to merge its two key energy trading units, according to a Reuters report, with Aramco Trading Co (ATC) due to absorb...

Energy major BP has taken a 40.5% stake in a massive solar and green hydrogen project in West Australia's...

Russia's state oil producer Rosneft is exploring the feasibility creating a trading venture in Dubai...

Japanese refiner Idemitsu Kosan has announced the first of its plans to wind down its capacity as it braces...

Finnish biofuels producer and oil refiner Neste boosted its Q2 earnings outlook on Tuesday as European...

Gas flows along the Nord Stream 1 pipeline from Russia to Europe have dropped as Russia cuts off supply...

Oman LNG Company announced Sunday that its LNG production reached to a record level of 10.6 million metric tonnes during...

Trader Trafigura posted a record-breaking set of half year results, with profits at the staff-owned firm hitting...

Austrian refiner OMV will import gasoline and diesel into Austria to make up for the shortfall caused...

A senior White House official has strongly criticized 'Big Oil' for raking in huge profits in the wake of Russia's invasion of Ukraine...

One of Japan's biggest gas companies has taken a 16.7% stake in an Australian developer of carbon...

Benchmark US natural gas prices have retreated sharply from the week's 13-year highs following Wednesday's explosion at the Freeport LNG terminal...

Litasco, the trading arm of Russia's second-largest oil company Lukoil, is considering moving its trading headquarters...

Qatar has chosen Exxon Mobil Corp, TotalEnergies SE, Royal Dutch Shell and ConocoPhillips as partners for expanding the world's largest...

Utility Osaka Gas has received a new carbon-neutral liquefied natural gas (LNG) delivery...

Miner and energy producer BHP is to offer grants to developing Australian blue carbon projects, offering cash...

Venezuela's oil exports last month dropped to the lowest level since October 2020 as maintenance at the country's main oil port...

Taiwanese refiner and importer CPC Corporation has accepted the delivery of a carbon-neutral crude cargo...

Italian firm Eni SpA and Spain's Repsol SA could start shipping Venezuelan oil to Europe as soon as next month to cover the shortfall...