Binh Son says it is operating above capacity to address supply concerns as top petroleum firms plan to boost imports amid fears of a shutdown of the country's biggest refinery
The company completed the relinquishment of exploration permits covering three offshore blocks and is in the process of withdrawing from three others
Shares in Canadian subsidiary Turquoise Hill rose 16% in New York overnight after it said it expects to begin caving operations in the next few days
The detour followed an order from a US judge that the ship be held as part of a lawsuit over alleged failure to pay $4.6 million in fuel bills
BP in 2019 bought a 49% stake in more than 1,400 petrol pumps and 31 aviation turbine fuel stations owned by Reliance for $1 billion
Tong Lee Seung Industrial Development gained permission to excavate 3 square kilometres in Xieng Khouang province’s Phaxay district
Jakarta conducted a test flight using jet fuel mixed with palm oil last year and plans to do road tests for biodiesel containing 40% palm fuel next month
Mining giant Anglo-American has unveiled a prototype of what it says is the world’s largest hydrogen-powered mining truck
The goal of the Experimental Advanced Superconducting Tokamak project is to unlock the secret to clean and limitless energy on earth, with minimal waste products
The US state department says it is aware of talks between Russia and India concerning the purchase of oil. It has no objection to India buying Russian oil, provided it buys at discount
Hundreds of people have died and thousands have been detained in Kazakhstan during the worst violence seen in the Central Asian nation since it became independent in the early 1990s. The unrest in Kazakhstan poses risks for energy markets, and even cryptocurrencies.