Asia Oil Company News

The recent oil price strength is a function of the broader-based energy rally but underpinned by current and longer-term fundamentals, Vitol's head of Asia, Mike Muller, told

The long-term stability of energy supplies is at risk due to "underfinancing and underinvestment"...

Saudi Arabia sharply increased OSPs for Asian customers on August barrels, reflecting tight supply/demand fundamentals...

Credit rating agency S&P Global Ratings affirmed the investment grade rating of Abu Dhabi, sees oil production growing by 2024...

A deal to offload an energy price publishing businesses that would clear the way for the biggest merger...

French oil major Total has rebranded itself to TotalEnergies as it redirects some of its investments...

Khalifa Industrial Zone Abu Dhabi (KAZID), a subsidiary of Abu Dhabi Ports, has announced plans to build a new 200,000 ...

Global energy trader Vitol announced Tuesday the launch of a new global bunkering service, Vitol Bunkers ...

China's state-owned oil company Sinopec will launch its first "green" hydrogen project in 2022 with a 10,000 mt/year ...

Nigeria's state-owned oil company Nigerian National Petroleum Company has signed an agreement with energy majors ...

Abu Dhabi National Oil Company has awarded a $744 million contract for the development of the country's Belbazem ...

Abu Dhabi National Oil Company (ADNOC) has moved to the design phase for its plans to build a 1 million mt "blue" ...

The Singapore High Court has accepted a request to freeze up to $3.5 billion of worldwide assets belonging to Lim Oon Kuin ...

Indian state refiner Hindustan Petroleum Corp said Friday it expects global crude oil prices to ease towards $60 ...

ADNOC chief executive sees oil demand back to 95 million bpd, in a sign the demand recovery is on track despite India setback

Mitsui Chemicals will use waste-based bio-naphtha supplied by Neste to produce renewable plastics on an industrial scale ...

Oil major Shell has sold its gas exploration  business SPEX – a 100% owned joint venture...

Energy majors Eni and BP are to explore combining their upstream assets in Angola, including oil, gas and LNG ...

Russian energy major Lukoil produced 2.152 million boe/d of oil and gas in the first quarter this year, up 4.2% from Q4 ...

Firmer distillate margins and a wide Brent/Dubai spread underpin Asian light sweet crudes