Azerbaijan's state energy company SOCAR signed a deal to buy a 870 MW gas-fired power plant in central Turkey from Gama Enerji for $225 million, the company said. SOCAR already owns the Petkim ...

Japan's top oil refiner Eneos is leading rival bidders for Chevron's stake in a Singapore refinery, with a deal nearing completion, though potential delays remain, Bloomberg News reported on Wednesday ...

Ballestra Group will bring intellectual property, advanced proprietary technologies and distinctive engineering competences to NEXTCHEM’s value proposition in specialty chemicals, including fluorine ...

bp has reached an agreement to sell a 65% shareholding in Castrol at an enterprise value of $10 billion. Total net proceeds to bp of c.$6 billion, including accelerated dividend payments, will be ...

India's Reliance Industries Ltd continues to receive oil cargoes supplied by Rosneft after obtaining a one-month concession from Washington, which had imposed sanctions on the Russian producer, two ...

L&T’s Hydrocarbon Onshore business vertical (L&T Onshore) has won a major order from Bharat Petroleum Corporation Ltd (BPCL).

Of the total allocation, 7.45 MMkl have been earmarked for the public service obligation (PSO), which covers sectors such as public transportation and whose sales will be subsidized by the country's ...

The United States announced sweeping sanctions targeting Russia's oil sector in January over Moscow's war in Ukraine, but, for NIS, their application was postponed several times before finally coming ...

O'Neill, who will take over in April following the abrupt exit of Murray Auchincloss, becomes bp's first external CEO in its ...

The project will be developed in three phases and will span 100,000 m2 in the Integrated Sokhna Zone on Egypt's Red Sea coast.

CO2 pipelines are an increasingly important part of the nation’s pipeline infrastructure as companies explore new systems and consider repurposing existing assets to transport CO2 for long-term ...

Discounts for Russian ESPO Blend crude loading in January have widened to a record $7–$8 per barrel versus ICE Brent upon delivery in Chinese ports, as Western sanctions pressure weighs on the grade.