Oil company BP recently announced it was ditching its climate goals to refocus on dirty energy in the hope of raising share prices. However, the shares decreased by 1.4% on the day following the news ...

President Bola Tinubu dismissed the entire leadership of Nigeria's state-run oil company Wednesday, naming a former Shell executive to lead the outfit in a sweeping overhaul that one commentator ...

Companies that violate the US oil embargo and other directives could be sanctioned by the United States. Chevron's revoked license had been granted by former US president Joe Biden and allowed the ...

Global Oil Terminals has become the second U.S. oil company to lose authorization to operate in Venezuela, following Chevron, which faced a similar notice last month. Global Oil must complete all ...

Global Oil Terminals, a trading company owned by shipping magnate Harry Sargeant III, said it had also received notice from the US government that it would have to wind down its licences to export ...

On Friday, the Trump administration ordered his oil-trading company to leave the South American country. Global Oil Terminals, part of a Florida conglomerate owned by Sargeant, lost authorization ...

This trend, visible across multiple oil and gas sites in India, is evident globally at some of the most critical nodes in the energy trade. The Saudi Aramco Shell Refinery Company (SASREF), one of the ...

By 2019, Exxon and its partners, US oil company Hess and China-headquartered CNOOC, had started producing the fossil fuel. They now pump around 650,000 barrels of oil a day, with plans to more ...

The decision targets licenses issued to Venezuelan gas companies that hold deals with the state petroleum company, PDVSA, one of the people said. The US Treasury Department had issued different ...

By keeping these companies private, countries maintain some authority over the production, sales, and expansion of valuable oil reserves. If made public, shareholders would own the company and ...

Russia has carried out a combined strike on infrastructure of Naftogaz, the largest national oil and gas company of Ukraine, damaging gas production facilities. Source: press service of the Naftogaz ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Serbia has been handed more time to find a buyer for the Russian stake in its only oil refinery and avoid ...