Oil Company News

Indonesia's Pertamina is looking to start low-carbon gasoline production at its Balikpapan refinery in about a year's time after...

China has completed construction of one of the largest rigs in the world, which will be shipped to Saudi Arabia as part of the expansion...

Petrobras reported a surprise second-quarter loss Friday as the state-ran company settled a long-running tax dispute...

Vertex Energy has ceased production of renewable diesel at its Mobile refinery in Alabama and is on track to convert its hydrocracker back to...

US refiner Exxon Mobil has resumed operations of several units at the 252,000 bpd Joliet refinery in Illinois after a power outage hit...

An independent US refiner has idled three biodiesel plants citing weak market conditions and cost optimisation...

Motiva is expected to keep its gasoline-producing FCC at the massive 640,000 bpd Port Arthur refinery...

Marathon Petroleum remains bullish on fundamentals for US refiners as industry margins slim in an increasingly "mid-cycle" environment

BP and Shell have offered to contribute up to $15 million in financing to the South African government as it weighs up a deal to...

Saudi Aramco reported a dip in second quarter profits for 2024 versus the previous year as the energy producer reined in production, while soft...

TotalEnergies has agreed to divest its Pakistani assets with the sale of a 50% share in fuel retailer Total Parco to Gunvor.

Idemitsu Kosan saw its refined oil product exports soaring in the first financial quarter of this year amid a faltering recovery in demand in...

Texas-based Motiva Enterprises has restarted its troubled fluidic catalytic cracker (FCC) unit at the 640,000 bpd Port Arthur...

Japan's largest oil refiner Eneos has shut the 145,000 bpd crude distillation unit at its Sendai refinery in...

The UK The Serious Fraud Office has charged five former Glencore employees over allegations related to corrupt payments...

Quantum Commodity Intelligence –  The battle between ExxonMobil and Chevron to take over prized offshore assets owned by Hess...

South Korean energy major SK Innovation expects robust refining margins in the second half of the year on the back of stronger demand for...

US oil refiner Motiva Enterprises has pushed back the restart date of the fluidic catalytic cracker (FCC) at its...

Profits at Austria's OMV group fell over the quarter as weak refinery margins and lower upstream production weighed on its recovering chemicals business...

Energy giant BP has decided to go ahead with the Kaskida project in the US Gulf of Mexico, the company said Tuesday...