Transaction advances company’s wellhead-to-market strategy HOUSTON, May 20, 2024–(BUSINESS WIRE)–Phillips 66 (NYSE: PSX) announced today it has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle) from private equity firm Energy Spectrum Capital for cash consideration […]
PetroSA and Russia’s Gazprombank are currently investigating the feasibility of restarting operations at a fuel plant in Mossel Bay South Africa’s national oil company PetroSA and Russia’s Gazprombank are conducting a feasibility study with a […]
Average monthly prices for regular-grade retail gasoline in the United States could increase by more than 10 cents per gallon (gal) if refinery output is lower than expected, according to an analysis we published on […]
Over the weekend, Russia launched a major offensive in the Kharkiv region. Russia’s end game for this region appears to be to occupy the city of Kharkiv, the second-largest city in Ukraine. Ukrainian drone attacks […]
As Africa seeks to improve its supply of and access to refined petroleum products, a midstream and downstream-focused panel will explore investment opportunities in the sector at the Invest in African Energy (IAE) forum, kicking off next week in […]
Four unnamed sources have told Reuters that Saudi state-run oil giant Aramco is in talks to potentially acquire Shell’s billion-dollar gas station business in Malaysia, where the Dutch supergiant owns a network of nearly 1,000 […]
Fuel prices in the UK saw an increase in 2024, with petrol and diesel rising by 10p per litre since the start of the year, according to RAC Fuel Watch data. This equates to an […]
Ukrainian drones hit a major oil refinery owned by state-controlled Rosneft PJSC in Ryazan, southeast of Moscow, just as the facility’s crude-processing had recovered from a previous strike. The overnight attack caused a fire at […]
One of Canada’s biggest oil and gas companies, Cenovus Energy (NYSE: CVE), booked higher-than-expected earnings for the first quarter of 2024 amid strong oil and gas production and record throughput volumes at its refineries. Cenovus reported on […]
As India is set to become the world’s largest oil demand growth driver in the coming years, Indian state-owned refiner Chennai Petroleum Corporation Limited (CPCL) plans to commission a new refinery two years later than […]
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