Oil Company News

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

US oil and biofuel industry groups have agreed to ask for a minimum 42% increase in renewable diesel and biodiesel blend targets next year...

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...

China's state-owned oil refiner Sinopec is planning to start a new crude distillation unit at its biggest refinery next quarter after a fire incident in...

The Iraqi government has given its final approval for BP to redevelop several giant oil fields in Kirkuk...

The massive East African Crude Oil Pipeline project running 1,443 km (897 miles) across Uganda and Tanzania has secured...

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...

Six Native American tribes have withdrawn from a federal environmental review of Enbridge's Line 5 pipeline project in Michigan, citing...

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

A jet fuel leak from a pipeline operated by Energy Transfer's subsidiary Sunoco Pipeline in a Pennsylvania county...

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...

India's fuel oil imports fell to their lowest level in over four years in March as Reliance, the country's biggest private importer, reduced...

A growing list of companies have filed petitions with a federal regulator to protest sweeping changes ...

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

Alon has started planned maintenance on the fluid catalytic cracking unit (FCCU) at its Big Spring refinery in Texas, with work expected...