Europe Oil Company News

Profits at oil trader Gunvor soared in the first half of the year as the company took advantage of energy market...

Russia has defaulted on supplying at least five LNG cargoes to India after what were described as "retaliatory...

European aircraft producer Airbus has said it wants to invest in direct air capture and carbon removal credits in a...

European gas importers face an anxious wait over the next few days on the scheduled restart of the Nord Stream 1 gas pipeline...

Shell CEO Ben van Beurden said Russia had "surprised" the market with its willingness to weaponise gas supplies...

Oil trader Trafigura has completed a deal to walk away from its Russian assets, selling its stake in Vostok...

Advanced biofuel projects in Norway and Sweden were amongst the beneficiaries of the release of a fresh €1.8 billion...

Polish integrated energy company Orlen has penned a deal with national flag carrier LOT Polish Airlines to...

The CEO of London Heathrow airport has written to airlines requesting they immediately stop...

Canada said it will allow the export of a gas turbine, which Russia claims is vital piece of equipment for the main Russian gas pipeline to Germany...

Tanker shipping giant Frontline has pivoted to offering owners of rival Euronav an all-share deal that it hopes will get...

Shipping companies DHL and Hapag-Lloyd have penned a deal to ship the equivalent of several average-sized vessels...

The chief economic advisor to Ukraine has written a letter to the CEO of Vitol asking the trading...

Swedish ethanol producer Agroetanol and Belgium's Alcogroup were charged with rigging ethanol price benchmarks as part...

Shell has walked back as much as $4.5 billion of writedowns on its assets it took because of the war in...

Energy major Shell is to build what it says will be Europe's biggest renewable hydrogen plant...

A Russian court has ordered the Caspian Pipeline Consortium (CPC) to shut its Black Sea export route for 30...

Record high refining margins, led by surging diesel and gasoline production margins, is set to accelerate...

A lack of investment in refining capacity in recent years has distorted global refined product prices and boosted...

TotalEnergies is to cut the price of petrol sold at its motorways service stations in France by €0.12/l...