Oil Company News

The LOCAP crude oil pipeline system halted operations Monday after receipt issues at its St. James...

BP is set to abandon its pledge to cut oil and gas output and announce at least one major divestment at its investor day Wednesday...

Indonesian prosecutors have accused a senior executive from the state-owned oil and gas company Pertamina...

South Korea's LG Chem and Lotte Chemical shut down operations at their plants in the Daesan Petrochemical Complex on Tuesday morning due...

Energy midstream company ONEOK expects throughput and profits to grow through next year as...

Kosmos Energy sees less output from its E&P operations in the Gulf of Mexico (GOM) in 1Q compared...

The UK government has announced £200 million ($253 million) in funding to secure the future of clean energy production at the...

Oil majors Shell and ConocoPhillips have agreed to a $735 million deal in which the former will assume 8,000 bpd of offshore US...

OPEC+ appears poised to postpone its planned production increases, according to analysis released Friday by ANZ Research, as members...

Occidental Petroleum unveiled plans to use its direct air capture (DAC) technology to ramp up the production of shale oil and gas...

Eneos, Japan's largest refiner, has shut a 141,000 bpd crude distillation unit (CDU) at its Sakai refinery following a fire on 17 February...

A Court of Appeals in Michigan has found no reason to revoke a permit issued to Enbridge by the ...

Ghana National Petroleum Corporation appointed this week its second new top executive in a month as the state-owned oil company appears to...

Phillips 66 has leased a new floating storage unit (FSU) off Singapore in the Malacca Straits for fuel oil storage, Reuters reported Thursday...

Spain's Repsol reported a decline in fourth-quarter earnings on Thursday as lower refining margins compounded weakness in middle distillates...

HF Sinclair reported a larger-than-anticipated loss for the fourth quarter, the company announced on Thursday, adding its name to the long list...

Canadian oil sands producer Cenovus Energy posted a decline in fourth-quarter profits on Thursday as rising production was...

Norway's total petroleum resources on the continental shelf increased slightly in 2024, though exploration yielded below-average...

Shell has suspended operations at an LPG unit in its Moerdijk chemicals processing facility after a leak was detected earlier this week...

Commodity trader Cargill and tanker owner Hafnia have joined forces to make what will be one of the world's biggest bunker suppliers...