Europe Oil Company News

Equinor's Johan Castberg oilfield in the Barents Sea has started production, the Norwegian energy company announced on Monday, following...

Activist investor Elliott Management has built a short position in UK-headquarter Shell, in the latest move involving a European oil major...

Serbia could lose access to most of its crude oil imports on 29 March if Washington reimposes sanctions on the country's only refinery...

BP on Thursday unveiled plans to sell its downstream assets in Austria, marking another step in the reshaping of the company's strategic...

Petroineos is restarting a unit at its 210,000 bpd Lavera refinery in the south of France after around six weeks of planned work...

Spain's Repsol and the UK upstream operator NEO Energy announced have agreed to merge their North Sea oil and gas assets...

US refiner Phillips 66 on Wednesday responded to a legal challenge brought by activist investor Elliott Management...

Activist investor Elliott Management has filed a lawsuit against US oil refiner Phillips 66 to try and force through leadership changes...

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

Ithaca Energy has struck a $193 million deal to acquire the UK business of Japan Petroleum Exploration, boosting its stake in the...

The owner of St1 and minority shareholder in Neste has proposed breaking Neste into two separate conventional refining and biofuels...

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

Elliott Investment Management has built a stake of nearly 5% in RWE and called on the German utility to significantly ramp up its share...

Climate activist investor Follow This has called for a shareholder vote against BP Chairman Helge Lund's reappointment...

European chemical firms LyondellBasell and Covestro have announced the permanent closure of a styrene monomer...

CMA CGM has renewed an agreement with the Maritime and Port Authority of Singapore (MPA) to advance sustainable shipping and innovation...

Mexico's PMI has raised its so-called K factor used in its formulas to price nearly all its grades sold internationally...

Energy major BP said Thursday it expects direct and indirect emissions from its operations will balloon by a third in 2025...

US crude oil production growth will likely slowly decline and output reach a plateau later this decade, according to ConocoPhillips...

Kuwait's crude production capacity is expected to rise to 4 million bpd by 2035 from its current level of...