Blog | MyPetroCareer

Shell’s “highly-attractive” Jerun field investment offshore Malaysia to contribute to LNG goals following first gas production

(WO) – On July 10th, World Oil reported that the Jerun field in Malaysia, operated by SapuraOMV Upstream Sdn Bhd, has achieved first gas production. Shell plc has a 30% equity stake in the field, […]

FTC to delay $53 billion Chevron-Hess deal until after ExxonMobil arbitration over assets offshore Guyana

(Bloomberg) – The U.S. Federal Trade Commission plans to delay its decision whether to block Chevron Corp.’s $53 billion takeover of Hess Corp. until after an arbitration case with Exxon Mobil Corp. is settled, according […]

Organized Labour rejects Tinubu’s N62,000 minimum wage offer

*L-r: Festus Osifo, Joe Ajaero, President Bola Tinubu, Nkiruka Oyejeocha and Tommy Okon when the President hosted Labour leaders at the villa yesterday to discuss minimum wage. – As FG, Labour adjourn talks to next […]

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Honeywell to acquire Air Products’ LNG business for $1.81 billion in a bet on natural gas

(WO) – Honeywell has agreed to acquire Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This represents approximately 13x estimated 2024 EBITDA. Honeywell’s […]

Nigeria to meter 187 flow stations, deploy cargo tracking system

*OML 30 flow-station Mkpoikana Udoma Port Harcourt — In a bid to tackle crude oil theft and diversion, the Federal Government has approved the metering of 187 flow stations across the Niger Delta region and […]

ConocoPhillips, Marathon Oil get second US FTC request over $22.5 billion deal

CONTEXT Conoco said in May it would pay $22.5 billion in stock for Marathon Oil to boost its output and achieve greater economies of scale in U.S. shale fields and in liquefied natural gas. Its […]

Oil trades in narrow range since 2022 on OPEC+, sanctions and demand worries

“OPEC+’s need to maintain stable prices, elevated hopes of falling inflation and possible rate cuts every time oil dips below $80 puts a floor under the market,” PVM oil analyst Tamas Varga said. As a […]

Equinor begins oil and gas production from mature Kristin South area offshore Norway

(WO) – Equinor and its partners Petoro, Vår Energi, and TotalEnergies EP Norge started production from the first Lavrans well in the Kristin South area offshore Norway on July 7, 2024. The Kristin […]

Gulf Energy Information appoints Catherine Watkins as Chief Commercial Officer to drive market expansion

(WO) – Gulf Energy Information (Gulf), a premier B2B media company in the global energy sector, announced the transition of Catherine Watkins from Chief Financial Officer (CFO) to Chief Commercial Officer (CCO), effective immediately. This […]

UK reverses oil drilling permission, drops coal mine defence after court ruling

The move comes in response to a major judgement last month from Britain’s highest court on the climate effects of fossil fuel projects, which activists said could profoundly impact new fossil fuel projects in Britain. […]