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 ...

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

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 ...

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).

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 ...

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 ...

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.

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

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 ...

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 ...

Wars in Iran and Ukraine have damaged refineries and disrupted tanker traffic, helping drive diesel prices to record highs in many markets and turning the fuel into a major political and economic ...