Europe Oil Company News

European refiner OMV was the latest energy company to warn investors to brace for lower quarterly results as it estimated its...

Equinor has bought a 9.8% stake in Danish low-carbon energy developer Ørsted to increase its stake in renewable energy projects...

BP is set to abandon its target to slash oil and gas output by 2030 as its new CEO tries to regain investor confidence...

Shell became the latest energy major to warn investors of lower Q3 refining margins as a selloff in global product prices weighed on...

New electric vehicle (EVs) sales in the UK climbed to record heights in September, according to industry data released Friday, but remain far...

HSBC has cut annual oil price forecasts for this year and the next, citing increased OPEC+ supply later this year outpacing sluggish demand...

Woodside Energy has completed the purchase of OCI Global's 1.1 million mt/year blue ammonia plant in Beaumont Texas...

UN talks on decarbonising the shipping sector made progress on some key strands this week, but uncertainty remains on the extent proposals will ever be legally binding...

The UK Coastguard is eyeing the movements of a damaged bulk carrier located off the coast of Kent and loaded with an explosive cargo...

Gastech 2024 saw a plethora of new dry gas and LNG deals between countries, and it became clear that the global energy landscape is evolving to...

Aliko Dangote, owner of one of the world's largest and newest refineries, has lamented passing on the opportunity to buy Arsenal football club...

Exolum and Técnicas Reunidas have signed an agreement to offer complete commercial solutions for carbon capture and storage...

Bank of America (BAML) delivered a fresh warning to oil traders, citing the risk of overexposure to short Brent positioning amid an impending...

European majors Eni and TotalEnergies outlined plans to boost oil and gas production next year...

A Chinese court declared Sinochem's Changyi Petrochemical bankrupt over the weekend...

Novatek has frozen its development of the Murmansk and Obsky LNG plants in Russia's Arctic region due to the impact of...

As Gastech 2024 nears its close, a number of LNG deals and agreements have been announced, marking significant strides in Europe's efforts...

Trading house Trafigura could name Richard Holtum as successor to CEO Jeremy Weir next week, according to a Friday report in the...

ExxonMobil reported an issue affecting a coker at its 609,000 bpd Beaumont refinery in Texas on Thursday...

Goldman Sachs has revised down its forecasts for gasoline and distillate margins in 2025, marking a notable retreat from initial expectations set...