Blog | MyPetroCareer

‘Nigeria must enforce crude supply for local refiners’

*A view of the Dangote Petroleum refinery is pictured in Ibeju-Lekki, Lagos, Nigeria May 22, 2023. REUTERS/Temilade Adelaja/File Photo. Lagos — The Dangote Oil Refinery has called on Nigeria’s upstream oil regulator to force producers […]

Petrochemical makers battle global glut

*Indorama Eleme Petrochemicals Limited – Asian petrochemical margins slide to losses in 2024– Europe, Asian plant consolidation underway– Asian output cuts limited by refinery ties New Delhi/Seoul — Petrochemical producers in Europe and Asia are […]

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Halliburton secures plug and abandonment contract offshore Brazil from Petrobras

(WO) – Halliburton has been awarded a contract by Petrobras to provide a full range of services in Brazil for integrated well interventions and plug and abandonment for offshore wells. This multi-year contract is set […]

ExxonMobil, PETRONAS consider FLNG project offshore Suriname following “outstanding” exploratory success

(WO) – PETRONAS has achieved outstanding successes in its exploration and appraisal activities in both Peninsular Malaysia and internationally, during the first half of 2024. PETRONAS has achieved success offshore Suriname with the […]

ExxonMobil, Baker Hughes, SLB, more nominated for prestigious 2024 Gulf Energy Information Excellence Awards

(WO) – World Oil and its parent, Gulf Energy Information, are excited to announce the finalists for the 2024 Gulf Energy Information Excellence Awards! These outstanding companies and individuals have demonstrated exceptional innovation and leadership […]

Oxy raises 2024 oil and gas production, following $10.8 billion CrownRock acquisition, Permian success

(Bloomberg) – Occidental Petroleum Corp. raised its production and capital spending plans for this year after closing its $10.8 billion acquisition of CrownRock LP earlier this month. The CrownRock deal increases Occidental’s footprint […]

Navy rescues 59 oil workers, loses officer in vessel mishap

*Navy rescues 59 oil workers. Mkpoikana Udoma Port Harcourt — The Nigerian Navy has lost one of its personnel, Lieutenant Commander Gideon Yashim Gwaza, during a rescue operation to save 59 oil workers from drowning […]

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Global oil demand needs to rise faster to absorb OPEC+ hike

*The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC’s headquarters in Vienna, Austria April 9, 2020. REUTERS/Leonhard Foeger – Chinese, US demand seen lagging forecasts– Not clear if […]

Oil set for 3% weekly gain on rising Mideast tension …

*Global oil flow. London — Oil prices edged up in Asian trade on Friday, heading for a weekly gain of more than 3%, as U.S. jobs data calmed demand concerns and fears of a widening […]

U.S. should pursue CO2 utilization to ensure sustainability of fossil fule-based products, new report says

(WO) ― Carbon dioxide utilization can play an important role in the future net-zero emissions economy by providing a sustainable foundation for essential carbon-based products, says a new congressionally mandated report from the National Academies […]