Reliance Industries Ltd's June-quarter profit rose 7%, as double-digit growth in the Indian conglomerate's retail and telecoms businesses helped offset its worst oil refining margins in 18 quarters.
Chinese oil refiners want changes to tax laws on the consumption and sale of fuel oil in order to start producing low-sulfur marine fuel when new global clean fuel rules start in 2020, four executives at Chinese oil companies said this week.
U.S. ethanol plants are expected to sharply curtail production in the weeks ahead as steep Midwest corn prices and the U.S.-China trade war have led to weak margins and oversupply, industry sources said.
The Caribbean nation hopes that attractive entry terms will spur exploration activity
Oil and gas operations onshore and offshore Western Australia were unaffected by a magnitude 6.6 earthquake that struck off the northern coast of the state, the country’s offshore petroleum safety regulator and companies said.
Norway's oil safety regulator said it had identified safety breaches at Equinor's Hammerfest liquefied natural gas (LNG) plant, which shut down for repairs in March, and notified the company to review security at the facility.
Japan’s Inpex Corp plans to start front-end engineering design (FEED) on the $20 billion Masela gas project in Indonesia next year, Chief Executive Takayuki Ueda said, with LNG production at the giant field due to start by 2027-2028
OMV, the international, integrated oil and gas company headquartered in Vienna, has made the decision to invest EUR 64 mn in the construction of an ISO C4 plant.
Iran is ready to invest in the expansion of a South Indian refinery, an Iranian official said in New Delhi, as the country seeks new avenues of growth amid debilitating U.S. sanctions.
Refineries in Taiwan and South Korea are testing the market for fuels that meet new rules for low-sulfur ship fuel starting next year, exporting some cargoes of very low-sulfur fuel oil (VLSFO) this month.
A former owner of the debt-laden Antipinsky refinery, Russia’s largest independent oil-processing plant, was arrested in Moscow, his company said in a statement.
A unit at Royal Dutch Shell’s Pulau Bukom refinery and petrochemical complex experienced an operational upset, a company spokeswoman said.
China Petroleum and Chemical Corp, known as Sinopec Corp, said it has set up a fuel oil company in Sri Lanka as it looks to supply fuel to ships along a major maritime route.
U.S. liquefied natural gas (LNG) developer Tellurian Inc said on Wednesday that units of French oil major Total SA have agreed to buy LNG from the U.S. company’s proposed $30 billion Driftwood export project in Louisiana.
Russian Energy Minister Alexander Novak and UAE’s minister of state Sultan Ahmed Al Jaber, who also runs the Abu Dhabi National Oil Company (ADNOC),
Brazilian state-owned oil giant Petroleo Brasileiro SA has begun the so-called non-binding phase of the process to sell its 34% stake in Argentina’s Compañia Mega SA, it said in a securities filing.