Asia Oil Company News

Vista Energy has acquired Petronas' 50% stake in Argentina's La Amarga Chica block for $1.5 billion, marking the Malaysian firm's exit from...

Taiwan's Formosa Petrochemical Corp has cut refinery run rates in April due to partial maintenance at its Mailiao refining complex, the company...

Sinopec and Saudi Aramco have greenlighted an upgrade project to add petrochemical facilities to the jointly owned Yanbu refinery, the Chinese state-owned refiner...

Flows along the recently expanded Trans Mountain pipeline (TMPL) system are expected to grow in the years...

A $5.7 billion investment from Stonepeak in Woodside Energy's Louisiana LNG project has added to a growing private equity money...

Neste has announced it has completed its staff cutbacks of 510 positions globally as part of its performance improvement program it launched...

Sinopec has completed a major upgrade at its 230,000 bpd Hunan refinery, adding new aromatics and gasoline reforming...

Tightening US sanctions against Iran and Venezuela threaten to reverse recent production gains, analysts at Saxo warned on Wednesday...

Russian oil pipeline operator Transneft suspended oil loadings at a single mooring at the Black Sea port of Novorossiysk for 90 days on...

Sinopec's refinery throughput declined 2% in 2024 as the Chinese oil major grappled with falling domestic demand for diesel and a...

Saudi Aramco has rolled its April official selling prices (OSPs) for liquefied petroleum gas (LPG) unchanged from March...

Shell has sold its Singapore refining and petrochemical assets to CAPGC, a joint venture between Glencore's Asia arm and Chandra Asri Capital, as the UK-listed...

A consortium led by infrastructure group BlackRock to buy more than four dozen ports, including...

PetroChina's refining and fuel sales profits fell sharply in 2024 as the country's accelerating shift toward electric vehicles and LNG...

China's state-owned oil refiner Sinopec is planning to start a new crude distillation unit at its biggest refinery next quarter after a fire incident in...

The Iraqi government has given its final approval for BP to redevelop several giant oil fields in Kirkuk...

Trafigura's chief executive has blamed a series of systemic organisational failures for the $1.1 billion losses in its Mongolian oil business, although...

Gunvor's chief executive warned on Tuesday that the global oil market faces potential oversupply over the year ahead as demand struggles to...

India's fuel oil imports fell to their lowest level in over four years in March as Reliance, the country's biggest private importer, reduced...

China's Sinopec plans to boost crude oil throughput this year even as profit margins shrink and fuel demand slows amid the rapid...