Blog | MyPetroCareer

Oil edges higher, but bearish sentiment persists

*Oil prices up – Fueled by trade tensions and oversupply concerns Lagos — Crude oil futures edged higher, but the trend remains mostly bearish. The uptick followed a volatile session, as traders reacted to U.S. […]

Kurdistan, North Sea expansions were key drivers for 2024 revenue, DNO says

DNO ASA reported 2024 revenues of USD 667 million on the back of robust production in the Kurdistan region of Iraq in a year marked by continuing North Sea expansion. Cash from operations increased nearly […]

VIKING opens new Norway facility to design, manufacture lifeboats for offshore sector

VIKING Life-Saving Equipment is strengthening its position in boat manufacturing by investing in a new state-of-the-art manufacturing facility in Arendal, Norway. The new building covers 3,400 sqm and is designed to meet requirements for high-end […]

NNPC Ltd/First E&P JV cuts routine gas flaring by 96% in OML83/85 fields

*A reflection of two gas flaring furnaces is seen in the pool of oil-smeared water at a flow station in Ughelli, Delta State, Nigeria. Mkpoikana Udoma Port Harcourt — The NNPC Ltd/First Exploration & Petroleum […]

Shell starts up new facility in UK North Sea

*Crude oil production from the Penguins field. – Restores production from the Penguins field London — Shell has restarted production at the Penguins field in the UK North Sea with a modern floating, production, storage […]

McDermott completes offshore Malaysia project ahead of schedule

McDermott has announced the safe and successful completion of transportation, installation, and commissioning activities for the Kikeh subsea gas lift project, awarded by PTTEP Sabah Oil Limited (PTTEP) in the first quarter of 2024. […]

Energy Workforce congratulates former CEO Leslie Beyer on U.S. Dept. of the Interior appointment

The Energy Workforce & Technology Council (EWTC) issued the following statement of congratulations to former EWTC CEO Leslie Beyer on her appointment as Assistant Secretary of Land and Minerals Management at the U.S. Department of […]

Oando Plc announces FY 2024 unaudited results

*Oando Plc’s Wing Towers building and corporate headquarters, Victoria Island, Lagos. – Posts 45% growth in revenue and N65.5 billion profit-after-tax Oritsegbubemi Omatseyin Lagos — Oando Plc has announced its unaudited Full Year, FY, results […]

Fuel oil rally seen short-lived as market shakes off US-Iran policy jitters

*Angola’s Cabinda oil refinery. Singapore — Fuel oil margins climbed after U.S. President Donald Trump reimposed a stricter policy on Iran, though trade sources expect a short-lived rally due to unclear supply disruptions, while soft […]

Shell starts production from Penguins FPSO in UK North Sea

Shell has restarted production at the Penguins field in the UK North Sea with a modern floating, production, storage and offloading (FPSO) facility (Shell 50%, operator; NEO Energy 50%). The previous export route […]