Asia Oil Company News

A lack of manual workers in South Korea is delaying the construction of Saudi Aramco's biggest petrochemical project in the...

Swiss-trader Gunvor is giving up Singapore fuel oil storage that it has operated on long-term lease from Oiltanking Seraya terminal...

Japanese energy company Inpex and project partners Pertamina and Petronas plan to generate 70 million carbon credits between...

The UK has sanctioned 29 companies and individuals linked to Russia, including the Dubai-based oil trader Paramount Energy...

The world's largest oil company Saudi Aramco on Tuesday reported lower crude output in the third quarter as voluntary production cuts...

China's Sinopec has agreed on a landmark partnership with QatarEnergy to take ownership in the development of the world's biggest...

Container shipping giant Maersk is to cut as many as 10,000 jobs as part of a shakeup of the company's business after disappointing Q3...

PetroChina is working to restart crude oil imports from Venezuela after the US broadly dropped its sanctions on the OPEC country...

A strong trading result of Shell's liquefied natural gas (LNG) business limited the company's 34% annual drop in Q3 earnings...

US energy firm Chesapeake has signed a deal with Vitol supply up to 1 million metric tons LNG per year...

Sri Lanka is set to award a multi-billion dollar contract for Sinopec to construct the country's second oil refinery...

Chinese demand for refined oil fuel products is expected to jump in the fourth quarter of this year, according to a top executive from...

An ageing oil tanker being used for floating production storage and offloading (FPSO), which exploded and sunk off the coast of Nigeria in...

Israel's Energy Ministry has awarded a total of 12 licenses in the latest exploration found for natural gas in the eastern Mediterranean...

US-based energy company ExxonMobil has left its estimate for oil production...

US oil major Chevron produced a record volume of fossil fuels in Q3 on the...

Finnish renewable fuel producer Neste plans to sell between 500,000 mt and 1 million mt of sustainable aviation fuel (SAF) next year ...

Oil demand growth has been strong this year thanks to growth in Chinese demand and the recovery of air travel and that trend is likely...

British energy major Shell said it will cut 200 jobs in its Low Carbon Solutions business unit next year, and put a further 150...

Big acquisitions by ExxonMobil and Chevron this week illustrate the long-term importance and health of the oil industry as well as the role...