Blog - MyPetroCareer

Venezuela’s Maduro willing to hold ‘serious’ talks with US

*Venezuela’s President Nicholas Maduro News wire — Venezuela’s President Nicolas Maduro said in a New Year’s interview that his country is willing to receive U.S. investment in its oil sector, coordinate in the fight against […]

OPEC+ to maintain oil output policy amid Saudi-UAE tensions over Yemen, sources say

Sunday’s meeting of eight members of OPEC+, which pumps about half the world’s oil, comes after oil prices fell more than 18% in 2025 — their steepest drop since 2020 — amid growing oversupply concerns. […]

Baker Hughes, Cactus close surface pressure control joint venture

*Baker Hughes office building. Houston, TX — Baker Hughes and Cactus have completed the closing of their previously announced joint venture covering Baker Hughes’ surface pressure control (SPC) product line. Under the terms of the […]

Oil inches up following biggest annual loss since 2020

*Global oil flow. London — Oil prices edged up on the first ‌day of trade in 2026, after last year ‌posting their biggest annual loss since 2020, as Ukrainian drones targeted Russian oil facilities and […]

US issues fresh sanctions targeting Venezuela’s oil sector

The sanctions mark the latest action in Trump’s pressure campaign against Maduro, which has included a ramped-up U.S. military presence in the region and more than two dozen strikes on vessels allegedly involved in trafficking […]

Oil tankers still arriving in Venezuela despite US blockade, data shows

*Guinean flagged oil tanker MT Bandra, which is under sanctions seen alongside another vessel at el Palito terminal, near Puerto Cabello, Venezuela – Juan Carlos Hernandez, Reuters. Caracas, Venezuela — At least two oil tankers […]

Why Africa’s gas future depends on infrastructure

Cape Town, South Africa — Global LNG supply is set to surge from 2027, driven by new projects and expanded production in the U.S. and Qatar. Bloomberg’s Global LNG Market Outlook 2030 forecasts global […]

Diesel prices ease year-on-year, but monthly uptick signals cost pressure

Port Harcourt — The average retail price of Automotive Gas Oil, AGO, also known as diesel, fell by 2.57 per cent year-on-year to N1,409.61 per litre in November 2025, offering marginal relief to businesses and […]

NAPO petitions EFCC over NLNG Train 7 alleged tax fraud

*NLNG plant in Bonny, Rivers State Mkpoikana Udoma Port Harcourt — The Nigeria Association of Plant Operators, NAPO, has formally escalated allegations of tax deduction and non-remittance fraud linked to the NLNG Train 7 project, petitioning […]

NNPC Limited restores Escravos–Lagos Pipeline to full operations

*Escravos–Lagos Pipeline System (ELPS) in Warri, Delta State. Lagos — NNPC Limited has announced the successful restoration of the Escravos–Lagos Pipeline System (ELPS) in Warri, Delta State. This was contained in a statement released by […]