Oil Company News

Shell and ExxonMobil warned investors this week of underwhelming results for the fourth quarter as declining production compound weaker...

Valero Energy's McKee Refinery in Texas was hit by a power outage on Tuesday, shutting down multiple units and triggering emissions...

A fire hit one of the crude distillation units at Sinopec's Zhenhai refinery Tuesday evening, but no casualties or injuries were reported, the company...

The US government has placed Chinese oil major CNOOC on a military blacklist due to its ties to the People's Liberation Army (PLA), citing...

China's Shandong Port Group has barred US-sanctioned oil tankers from docking, unloading, or receiving services at its key terminals...

Canada's Suncor Energy delivered record operational results in the fourth quarter of 2024, the company announced Monday, driven by strong...

Goldman Sachs said Chinese demand for crude oil could drop further in the coming week as independent refiners in the country continue to...

ExxonMobil filed a lawsuit on 6 January alleging California Attorney General Rob Bonta and several environmental groups defamed the company...

Phillips 66 is set to buy EPIC NGL for $2.2 billion, boosting its position in the fast-growing natural gas liquids (NGL) market as Permian...

The CEO of Frontline, the world's largest publicly traded oil tanker operator, has criticised the International Maritime Organization (IMO)....

Equinor's Troll field in the North Sea set a new annual production record in 2024, the company said in a statement Monday, delivering 42.5...

Asia Pacific airlines saw sustained growth in November as robust consumer demand coupled with accelerating business activity to support...

European natural gas prices could surge significantly higher in the months ahead, Goldman Sachs warned Thursday, citing colder-than-...

US President-elect Donald Trump has called for an overhaul of the North Sea energy industry, urging policymakers to "open up" the market...

The Zhejiang Mercantile Exchange has released biodiesel storage prices for China's Zhoushan port this week for January amid the country's...

US refiner Valero has put out a large fire that erupted at its Three Rivers refinery in Texas on New Years Day...

Técnicas Reunidas has secured a $440 million contract to build a major oil storage and export terminal for Vaca Muerta, Argentina's...

Nigeria's state-owned Warri refinery has resumed partial operations after nearly a decade of inactivity, a move aimed at reducing...

An incident reported at the Fos-sur-Mer refinery outside Marseille in France over the weekend has had no impact on output, the company...

Shell has halted operations at an oil processing unit at its Pulau Bukom refinery in Singapore to investigate a suspected leak, the...