Blog | MyPetroCareer

Japan oil refiners to tap reserves in case of Middle East disruption

Kito acknowledged that if the conflict were to escalate and affect the broader Middle East it would pose a serious problem. “In case of any disruption in crude oil supply, it is important to be […]

NUPRC unveils impressive figures of Nigeria’s oil & gas reserves

*Offshore oil rig – Crude oil, condensate reserves reach 37.5bn barrels– Gas reserves stand at 209.26TCF Oritsegbubemi Omatseyin Lagos — Latest figures on Nigeria’s crude oil and gas reserves released by the Nigerian Upstream Petroleum Regulatory […]

‘Tinubu paying fuel subsidy without legislative backing’

*Fuel dispenser nozzle. Mkpoikana Udoma Port Harcourt — As the landing cost of Premium Motor Spirit hits N1,000 per litre, President Bola Ahmed Tinubu-led administration is still paying subsidy on petrol, even when fuel subsidy […]

Namibia eyes 2024 FID on “massive” deepwater oil discovery

*Namibia oil prospect map. Newswire – Namibia will invest a big chunk of any revenue it gets from a potentially massive oil discovery into a sovereign wealth fund and expects to learn if the find […]

China’s March crude imports slip 6% but rise slightly in Q1

*An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS – March crude oil imports slip 6.23% from […]

‘China’s CNOOC stockpiles Russian oil at new reserve base’

*A building of China National Offshore Oil Corp (CNOOC) headquarters is pictured in Beijing, China March 8, 2021. REUTERS/Tingshu Wang/File Photo. – CNOOC ramps up ESPO imports since November, traders, Vortexa say– Stores over 10 […]

Lokpobiri blames oil production shortfall on Shell’s TNP

*Heineken Lokpobiri – Targets 1.7mb/d oil & condensate production Mkpoikana Udoma Port Harcourt — The Minister of State for Petroleum Resources (Oil) Senator Heineken Lokpobiri, has blamed the steady decline in Nigeria’s oil production capacity […]

UK climate change minister Graham Stuart resigns

Stuart said he would stand again for Prime Minister Rishi Sunak’s Conservatives in an election expected later this year, with the opposition Labour Party leading in polls by a large margin. “Having served as a […]

News

US finalizes big reforms to federal oil and gas drilling

The new rules follow years of criticism from green and taxpayer groups that federal oil and gas development was not benefiting the public. Many of the changes formalize provisions in Biden’s landmark climate change law, […]

Climate verdict for Swiss women a warning for European states, oil industry

The climate case – one of three decided on Tuesday – was the first to be tested at Europe’s regional human rights court. Earlier lawsuits filed over the last decade in courts around the world […]