Blog | MyPetroCareer

Oil prices fall 2% on economic worries, technical decline

*Global oil flow. New York — Oil prices fell about 2% on Tuesday on worries that slower economic growth in the U.S. and China could reduce demand for energy, especially after prices surged over 7% […]

News

PetroChina posts record interim profit, but fuel sales decline

Net income was 88.61 billion yuan ($12.44 billion) and total revenue was up 5% at 1.554 trillion yuan during the period, according to a filing with the Hong Kong Stock Exchange. China’s leading refiner Sinopec […]

Qatar signs 15-year LNG supply deal with Kuwait as domestic gas demand rises

(Bloomberg) – Qatar signed a new 15-year deal with Kuwait to supply liquefied natural gas (LNG), it’s second supply contract that will help ease the strain on power plants that have already been forced to […]

Fresh oil spill from SPDC manifold hits Rivers community

*Shell’s facility leaking crude oil in Rumuoduwere community, Elelenwo, Rivers State. Mkpoikana Udoma Port Harcourt — A fresh oil spill from a manifold operated by the Shell Petroleum Development Company of Nigeria Limited, SPDC, has […]

NNPC commences LNG shipment to Japan, China

*LNG shipment. Kunle Kalejaye Leeds, England — The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced shipment of Liquefied Natural Gas (LNG) cargoes to Japan and China on Delivered Ex-Ship (DES) basis. NNPC Ltd […]

Eni gets approval to develop two major gas fields in Indonesia’s Kutei basin

(WO) — Eni has received approval from Indonesian authorities for the development of two major gas fields, Geng North and Gehem, in the Kutei basin. The approval includes a 20-year extension for the Ganal and […]

bp, Chubu expand Japan-Indonesia CCS project collaboration

(WO) — BP Berau Ltd. (bp) and Chubu Electric Power Co. Inc. have expanded their collaboration to explore a carbon capture and storage (CCS) value chain between Japan’s Port of Nagoya and the Tangguh field […]

bp electrifies 95% of Permian wells, boosts production by 100,000 barrels daily

(WO) — bp’s U.S. onshore oil and gas division, bpx energy, has emerged as a leading player in the onshore sector, delivering some of the most productive and high-value wells in the United States. […]

Tinubu vows to end crude oil theft, boost economic stability

President Bola Ahmed Tinubu. Mkpoikana Udoma Port Harcourt — President Bola Ahmed Tinubu has vowed to curb the menace of crude oil theft and pipeline vandalism in the Niger Delta, tasking the Defence Headquarters and […]

Cooking gas prices drop by 14.23% in July

*LPG or cooking gas refilling plant. Mkpoikana Udoma Port Harcourt — The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) decreased by 14.23% from N6,966.03 in June 2024 to […]