Blog - MyPetroCareer

Fuel price drops slightly, but Nigerians struggle amid rising inflation

*Fuel dispenser nozzle. Mkpoikana Udoma Port Harcourt — Despite a 12.6% year-on-year drop in the average retail price of Premium Motor Spirit, PMS, many Nigerians continue to face economic hardship and poverty, as inflationary pressures […]

Russia’s pipeline gas exports to China seen up 25% this year, source says

However, this will not offset the fall in revenue from the loss of the European gas market, Reuters calculations showed. Russia has re-routed most of its oil to India and China since the start of […]

Nigeria, Iran signal renewed drive for trade, energy & strategic cooperation

*Permanent Secretary, Nigeria’s Ministry of Foreign Affairs, Ambassador Dunoma Umar Ahmed (right), and the Ambassador of the Islamic Republic of Iran to Nigeria, Gholamreza Madhavi Raja, Oritsegbubemi Omatseyin Lagos — Nigeria and the Islamic Republic of […]

‘US pursuing third oil tanker linked to Venezuela’

*The US seized another oil tanker off the coast of Venezuela on Saturday. London — The US Coast Guard is in “active pursuit” of another vessel in international waters near Venezuela as tensions in the […]

N185bn gas debts clearance to stabilize power sector, revive investment

*Vice President Kashim Shettima. Mkpoikana Udoma Port Harcourt — The federal government’s approval of N185billion as the settlement for long standing debts owed to gas producers in the country, has been described as a major […]

Ogun I Customs disrupts smuggling networks with ₦2 billion worth of seizures

Oritsegbubemi Omatseyin Lagos — The Nigeria Customs Service, NCS, Ogun I Area Command, has disrupted major smuggling networks operating along the border corridors in Ogun State by intercepting contraband goods valued at over ₦2 billion. The […]

Asia’s imports of US energy drop in 2025 despite Trump trade moves

The decline in imports from the United States is largely driven by China, the world’s biggest buyer of commodities, which pulled back on purchases after Trump ramped up tariffs on U.S. imports of Chinese goods, […]

Seplat Energy completes inlet gas exchanger replacement project

*Seplat Energy’s OML 67 platform Oritsegbubemi Omatseyin Lagos — Seplat Energy has completed the replacement of the new Inlet Gas Exchanger, IGE, module on the East Area Project, EAP, platform, located in OML 67, offshore Nigeria. […]

NCDMB, MOI, NIS inaugurate tripartite committee to enhance regulatory compliance

Oritsegbubemi Omatseyin Lagos — The Nigerian Content Development and Monitoring Board, NCDMB, in collaboration with the Ministry of Interior, MOI, and the Nigerian Immigration Service, NIS, has inaugurated a tripartite committee aimed at enhancing regulatory compliance, […]

Escravos-Lagos gas pipeline leak contained, inspections underway

Yenagoa — Nigeria’s state oil firm NNPC Ltd said on Monday it had contained a leak on the key Escravos-Lagos gas pipeline in the oil-rich delta following an explosion last week and that it had […]