Europe Oil Company News

Activist investor Elliott Management has filed a lawsuit against US oil refiner Phillips 66 to try and force through leadership changes...

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

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...

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

Climate activist investor Follow This has called for a shareholder vote against BP Chairman Helge Lund's reappointment...

European chemical firms LyondellBasell and Covestro have announced the permanent closure of a styrene monomer...

CMA CGM has renewed an agreement with the Maritime and Port Authority of Singapore (MPA) to advance sustainable shipping and innovation...

Mexico's PMI has raised its so-called K factor used in its formulas to price nearly all its grades sold internationally...

Energy major BP said Thursday it expects direct and indirect emissions from its operations will balloon by a third in 2025...

US crude oil production growth will likely slowly decline and output reach a plateau later this decade, according to ConocoPhillips...

Kuwait's crude production capacity is expected to rise to 4 million bpd by 2035 from its current level of...

The investment arm of the UAE's Adnoc will make significant investments in US natural gas this year via its XRG investment arm...

Flight traffic between Europe and Asia Pacific surged 21% over the year in 2024, industry data from Eurocontrol showed Tuesday, even as...

ExxonMobil on Friday reported flaring at its 565,000 bpd Baytown refinery related to maintenance work...

Norwegian oil and gas operator DNO said Friday it has reached an agreement to acquire its domestic rival Sval Energi..

German antitrust authorities have launched an investigation into price reporting agencies S&P Global Platts and Argus Media...

Refined oil product deliveries into the Spanish market from Exolum terminals rebounded in February, latest figures showed Wednesday...

Saudi Arabia's Aramco is weighing a deal for BP's lubricant business Castrol, according to a Bloomberg report Wednesday...