Blog | MyPetroCareer

OPDS conducts airstrikes on two illegal refineries in Rivers

*Artisanal oil refineries bombed in Rivers state. Mkpoikana Udoma Port Harcourt — The Nigerian Airforce component of Operation Delta Safe, has destroyed two illegal oil refining sites in Krakama and Temakiri, Degema Local Government Area […]

OPDS airstrikes hit two illegal refineries in Rivers

*Illegal oil refinery set ablaze by security personnel in the Niger Delta. Mkpoikana Udoma Port Harcourt — The Nigerian Airforce component of Operation Delta Safe, has destroyed two illegal oil refining sites in Krakama and Temakiri, […]

Oil climbs 2%, notches weekly gains ahead of OPEC+ decision

*OPEC+ – OPEC+ to consider extending voluntary production cuts– US economic data reinforces market bets for interest rate cut– US oil rig count rose to highest since September New York — Oil prices rose 2% […]

Aradel Holdings named Best Integrated Energy Company at NIES 2024

*Aradel Holdings named Best Integrated Energy Company at NIES 2024 Oritsegbubemi Omatseyin Lagos — Aradel Holdings Plc has won the Best Fully Integrated Energy Company of the Year Award at the 7th edition of the […]

How Africa can unlock energy potential for development – Shell

*L-R: Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo,) Elohor Aiboni; Minister of State for Petroleum Resources, Gas, Ekperikpe Ekpo; and Managing Director, The Shell Petroleum Development Company of Nigeria Ltd (SPDC) and […]

EU tries to unlock deal to quit contentious energy investment treaty

*European Union flags flutter outside the EU Commission headquarters, in Brussels, Belgium, February 1, 2023 REUTERS/Yves Herman Brussels — The European Commission on Friday urged member states not to oppose reforms to an international energy […]

NNPC’s UK subsidiary grows PAT by 251% to £53,725

*Headquarters of the Nigeria National Petroleum Company Ltd, Central Business District, Garki, Abuja. Ike Amos Dublin, Ireland — NNPC Trading Services (UK) Limited, the United Kingdom subsidiary of the Nigerian National Petroleum Corporation, announced a […]

Nigeria oil sector sees 43% decline in foreign capital

Ike Amos Dublin, Ireland — A significant decline was recorded in foreign capital inflow into the Nigerian oil gas industry in 2023, as investments into the sector dropped sharply by 42.84 per cent to $3.64 […]

Ample supply to hold down oil prices as Middle East risks pale: Reuters poll

“Disruption in the Red Sea has less impact because there are alternative routes available,” said John Paisie, president of Stratas Advisors, referring to attacks on shipping by Yemen’s Houthis. “It is unlikely that the volumes […]

We facilitate IOC’s divestment, not hinder the process – NNPC

*Mele Kyari, NNPC GCEO Oritsegbubemi Omatseyin Lagos — The Nigerian National Petroleum Company Limited, NNPC, as the largest partner to all the oil-producing companies in Nigeria, has assured that its role in the divestment of the International Oil […]