Europe Oil Company News

Trafigura Group posted a significant 62% drop in net profit for its 2024 financial year, recording $2.8 billion, as the company absorbed...

Russia's state-owned Rosneft has signed a 10-year deal to supply India's privately owned Reliance Industries with 500,000 bpd...

Austrian energy company OMV has severed its long-standing natural gas supply contract with Gazprom, citing "multiple fundamental...

Goldman Sachs expects oil tanker freight rates to decline steadily over the next two years as fleet growth outpaces demand, easing the...

The International Air Transport Association (IATA) anticipate heightened profitability for the global airlines industry in 2025, the group announced...

Swiss prosecutors have demanded $156 million in penalties and a four-year prison sentence for former COO Mike Wainwright in a...

AI's integration into the oil and gas sector is revolutionising exploration, production, and distribution processes, the International...

Equinor has closed transactions exiting its upstream businesses in Azerbaijan and Nigeria, with a total consideration of up to $2 billion...

Saudi Aramco has cut the OSP for its flagship Arab Light crude loading in January 2025, reflecting the lower cash cargo premiums...

London-listed Energean said its Israeli oil production is up by more than one-third over 2023 levels and "remains unimpacted"...

The Norwegian Offshore Directorate (NOD) announced Monday that it had made a groundbreaking discovery in the southern sector...

Spain's Repsol has agreed to sell two oil and gas assets in Colombia to Geopark, the two companies announced Friday...

Both Imperial Oil and Suncor are restarting units at their Sarnia refineries in Ontario, Canada, with the latter experiencing an upset this week...

China's sustainable aviation fuel supply could exceed domestic demand by around 16 million mt by 2030 and supply-side fiscal support is...

The UK automotive industry has issued a stark warning to policymakers Wednesday, calling for urgent government action to safeguard...

Suncor was bringing back online a unit at its Sarnia refinery Wednesday after the fire brigade was called to an operational...

TotalEnergies have set their eyes on South Africa's west coast, seeking environmental approval to drill up to seven exploration wells in its Deep...

The Pluto LNG facility in offshore Australia remained offline Tuesday following an emergency shutdown on Monday, according to...

TotalEnergies has contained an oil spill at its Donges refinery in northern France, after leaking up to 15,000 litres of contaminants...

Swedish battery maker Northvolt has filed for Chapter 11 bankruptcy protection in the US, dealing a blow to Europe's efforts to...