Europe Oil Company News

The International Energy Agency (IEA) anticipates that global oil markets will remain resilient in the face of mounting trade tensions, maintaining...

Chevron will lay off 15% to 20% of its global workforce by the end of 2026 as part of a broader effort to cut costs and streamline operations...

Production has resumed at Norway's Johan Sverdrup oilfield, operator Equinor said on Wednesday, following a brief shutdown caused...

An incident at the Kårstø gas plant in Norway has suspended power supply to several oil platforms in the North Sea, including Equinor's Sverdrup...

Norwegian oil and gas producer Vaar Energi has raised its production guidance for 2025, forecasting output to exceed 400,000 barrels of...

Natural gas production facilities have been damaged in Ukraine's central Poltava region following an overnight Russian missile attack...

European natural gas prices could fall by as much as 50% if peace is restored between Russia and Ukraine, Goldman Sachs analysts published...

Activist investor Elliott Investment Management has built a stake in BP, a move that could set off a battle over the British energy giant's...

European energy transition targets are in danger of collapsing amid a lack of consumer interest, the Swiss Automobile Industry Association...

TotalEnergies' CEO Patrick Pouyanne ruled out any investment in the UK's North Sea because of the legal problems...

South Africa's Sasol warned investors Wednesday to expect a sharp drop in earnings, with repairs to its Natref refinery expected...

Lukoil's 300,000 bpd Volgograd refinery shut down on 3 February following a drone attack that damaged a key distillation unit and...

Equinor expects European natural gas markets to remain tight over the years ahead as escalating geopolitical tensions intensify global...

Refined oil product deliveries into the Spanish market from Exolum terminals sunk to the lowest in nine months in December, latest figures...

A Ukrainian drone strike overnight hit oil storage tanks at the Albashneft refinery in Russia's southern Krasnodar region, igniting a...

Austria's OMV warned investors it was unlikely to see a recovery in refinery margins this year as it struggles to compete in an overcrowded...

Equinor has halted production at its Johan Sverdrup oilfield on Tuesday after an unexpected power outage forced operations to be suspended...

The world's largest independent energy trader, Vitol, has projected that global oil demand will maintain its current levels through 2040...

A Swiss court has convicted ex-Trafigura chief operating officer Mike Wainwright of bribing an Angolan official, sentencing him to 32...

The International Energy Agency has come under fire this week, with its former Head of Oil slamming the agency over its "fanciful" and...