The shut-ins represent roughly 63% and 57% of US oil and natural gas production in the Gulf, respectively, according to the Marine Minerals Administration. Oil prices rose 4% on Thursday, partly due ...

Cowan Dynamics has successfully engineered and delivered a massive, custom SIL 3 Certified Scotch-Yoke Actuator System designed to meet the extreme operational demands of China’s $20 billion Yulong ...

Equinor and Shell have signed an agreement under which Shell will acquire a 30% non-operating interest in the Bay du Nord project offshore Newfoundland and Labrador in Canada, the companies said on ...

Delta now expects adjusted annual earnings of $5.10 to $5.60 a share, down from the $6.50 to $7.50 per share it forecast in July. The new midpoint of $5.35 per share is below analysts' average ...

Two people were seriously injured after an incident at the Motor Oil MORr.AT refinery west of Athens on Friday, the company said in a statement. The incident occurred during maintenance and the two ...

Tanker freight rates soaring to record highs are putting U.S. crude oil out of reach for Asian refiners, pushing them to seek alternatives from the Middle East and Latin America, according to multiple ...

Demand for synthetic aviation fuels is expected to increase as the UK SAF Mandate and ReFuelEU Aviation introduce ...

Fortinet, the global cybersecurity leader driving the convergence of networking and security, has announced that it has ...

That has had a particularly acute impact in a country which imports nearly all its fuel, has limited public transport and does not provide fuel subsidies.

France will release 10 million barrels of diesel from its strategic stocks to try to ease tight supplies amid surging energy prices stemming from the wars in Iran and in Ukraine, French Prime Minister ...

Venezuela's 310,000-barrel-per-day Cardon refinery was restarting its crude distillation units on Wednesday following a fire that forced its shutdown earlier this week, two workers said (LEARN MORE).

US crude stocks fell last week as refining activity and exports rose, while fuel inventories were mixed, the Energy Information Administration said on Wednesday. Crude inventories fell by 3.2 million ...