Blog | MyPetroCareer

Group accuses Rivers NSCDC of frustrating anti-oil theft campaigns

*NSCDC personnel inspecting the site Mkpoikana Udoma Port Harcourt — The Youths and Environmental Advocacy Centre, YEAC Nigeria, has petitioned the Minister of Interior, Rauf Aregbesola, over alleged frustration of anti-oil theft and illegal oil […]

Savannah Energy post $147.6m revenue in Q1

Savannah Energy personnel Michael James Leeds, England — Savannah Energy has posted an unaudited Financial Results for Q1 2023 which shows that the made £147.6 million. This figure comprises of $71.0m from its Nigerian operations […]

OPEC+ cuts risk oil supply deficit, threaten economic recovery -IEA

London — Output cuts announced by OPEC+ producers risk exacerbating an oil supply deficit expected in the second half of the year and could hurt consumers and global economic recovery, the International Energy Agency (IEA) […]

Colombian businessman arrested in Venezuela PDVSA graft probe: minister

*PDVSA Caracas — Venezuelan authorities have arrested Colombian businessman Alvaro Pulido in an ongoing investigation into alleged corruption at Venezuelan state-run oil company PDVSA, Venezuela’s communications minister said on Friday. Pulido was a financial operator […]

Savannah Energy earns $71m in Q1 2023 from Nigeria operations

*Savannah Energy facility Oritsegbubemi Omatseyin Lagos — Savannah Energy’s production from production fields in Africa improved drastically as it issued its financial and operational update for Q1 2023. For Q1 2023 The company reported total […]

Hyde Energy set to relaunch Luminor lubricants

*Hyde Energy tank farm Eunice Imo Lagos — Hyde Energy Limited, a global petroleum-trading company with a downstream network in Nigeria has revealed plans to relaunch Luminor, one of the company’s automotive lubricants. This was […]

NUPENG says no to fuel subsidy removal without functional refineries

*Fuel sale at a pump station Sam Ikeotuonye Lagos – The National Union of Petroleum and Natural Gas Workers, NUPENG, has spoken against the plan by the Federal Government to remove subsidy on the Premium […]

OPEC cites risks to summer oil outlook, holds demand forecast

*Entrance of the OPEC secretariat in Vienna, Austria. London — OPEC on Thursday flagged downside risks to summer oil demand as part of the backdrop to shock output target cuts announced by OPEC+ producers on […]

Navy arrests 27 vessels over oil theft

*Vessels in custody over suspected oil theft Mkpoikana Udoma Port Harcourt — The Nigerian Navy says it has, in the last one year, arrested and detained 27 vessels involved in oil theft while 294 illegal refineries […]

Let refineries work before removing fuel subsidy, IPMAN tells FG

Port Harcourt refinery Mkpoikana Udoma Port Harcourt — The Independent Petroleum Marketers Association of Nigeria has thrown its weight behind the planned total removal of fuel subsidy from June 2023 by the federal government. However, IPMAN […]