Blog | MyPetroCareer

PETRONAS accelerates development of 12 fields offshore Malaysia with multiple PSC deals

(WO) – PETRONAS signed Production Sharing Contracts (PSCs) for three clusters of Discovered Resource Opportunities (DRO) marketed under the Malaysia Bid Round Plus (MBR+) Round I. These clusters are located offshore Peninsular Malaysia. […]

Nigeria’s Kerosene price soars to N1,555/litre in June 2024

*Petrol dispenser nozzle. Mkpoikana Udoma Port Harcourt — The average retail price of household kerosene has surged by 7.22percent to N1,555.11 per litre in June 2024, compared to N1,450.35 in May 2024, according to the […]

U.S. LNG exports dramatically reduce greenhouse gas emissions, study finds

(WO) – Natural Allies for a Clean Energy Future (NACEF) and the Partnership to Address Global Emissions (PAGE) released a comprehensive study on the lifecycle of greenhouse gas emissions (GHG) from U.S. liquefied natural gas […]

Oil rebounds after Hamas leader killed in Iran, but China caps gains

*Hamas leader, Ismail Haniyeh killed in Iran. – U.S. crude stocks fell 4.495 mln bbls last week – API data– OPEC+ likely to stick to output policy at Aug. 1 meeting Bengaluru — Oil prices […]

Increased oil and gas production driven by FPSO performance boost, Petrobras reports

(WO) – Petrobras ended Q2 2024 with an average production of 2.7 MMboed, an increase of 2.4% compared to the same period of the previous year. The increase was driven by the increase in production […]

ExxonMobil, Shell sell offshore gas fields in mature UK North Sea to Viaro Energy

(Bloomberg) – Viaro Energy Ltd. agreed to buy a number of gas fields in the UK North Sea from Shell Plc and Exxon Mobil Corp., giving the closely held company its first role as an […]

OPEC+ likely to stick to output policy at Aug 1 JMMC meeting

*OPEC+ – Top OPEC+ ministers to meet online on Aug. 1– Brent crude prices have lost about 9% in July– OPEC+ plans to raise output from October Moscow/London — An OPEC+ panel is unlikely this […]

The wrong look for Nigeria

*A drilling rig operating in Soku, the restive Niger Delta. Cape Town, South Africa — There is a crying need for a new level of efficiency, timeliness, and openness in the approval process to give […]

TotalEnergies withdraws from South African offshore blocks after CNRI exit

(WO) — TotalEnergies has announced its withdrawal from offshore Blocks 11B/12B and 5/6/7 off the southern coast of South Africa. This decision follows the exit of partner CNRI from Block 11B/12B, where TotalEnergies EP South […]

Nigerians queue for fuel as NNPC blames operational hitch

*Headquarters of the Nigeria National Petroleum Company Ltd, Central Business District, Garki, Abuja. Lagos — Fuel queues lengthened across major Nigerian cities on Monday after state-oil company Nigerian National Petroleum Corp. faced problems supplying gasoline […]