Blog - MyPetroCareer

Oil prices ease from 10-month highs but hold above $90/b

*Oil prices London — Oil prices dipped on Monday after fresh Saudi and Russian crude output cuts had driven prices to 10-month highs last week. Saudi Arabia and Russia last week announced that they will […]

PENGASSAN pickets Agip in Port Harcourt over Oando acquisition

*The protesting PENGASSAN members. – Says Oando arm-twisted Eni to sell off Agip Mkpoikana Udoma Port Harcourt — Oil workers under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, have […]

PENGASSAN threaten showdown over NAOC sale

– Shell, TotalEnergies, Mobil, Chevron members up in arms Mkpoikana Udoma Port Harcourt — Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN in the country’s leading oil and gas firms […]

European gas prices jump 10% as strikes get underway in Australia

*European gas News Wire — European gas prices moved sharply higher on Friday as workers at Australian natural gas facilities went on strike, prompting fears that a prolonged halt to production could squeeze global supplies. […]

Saipem launches sustainable carbon capture solution for oil & gas

*Saipem operated Scarabeo 8 oil rig Milan — Saipem has launched BluenzymeTM, a pre-engineered line of CO2 capture solutions based on the proprietary enzymatic technology “CO2 Solutions by SAIPEM”, with the release of the first […]

U.S., Brent crude futures fall by $1 a barrel on stronger dollar

*North Sea Brent oil – U.S. crude stockpiles fall for fourth straight week – EIA– Mixed Chinese data, possibly weaker winter demand weigh– Rising oil output from Iran, Venezuela also caps prices Houston — U.S. […]

Aramco boosts dividend as Q2 profit drops 38% to $30.1bn

*A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo – Group to pay performance-linked dividend for six quarters– First additional payout of $9.87 […]

NNPCL says Eni unit did not obtain its consent in Oando sale

*Nigeria Agip Oil Company. London — Nigerian state oil firm NNPC Ltd says a subsidiary of Italy’s Eni did not obtain its consent prior to announcing a deal to sell onshore oil assets to local […]

Again, OPDS razes vessel with 20,000 litres of AGO in Rivers

*MV Ofuoma set ablaze by operatives of OPDS offshore Rivers State on Wednesday. Mkpoikana Udoma Port Harcourt — The Joint Military Taskforce operating in the Niger Delta, codenamed Operation Delta Safe, has again destroyed and […]

Saudi Arabia to extend voluntary cut of 1mb/d until 2024

*Saudi Aramco’s Ras Tanura Sea Island Terminal. Lagos — Saudi Arabia on Tuesday extended its 1-million-barrels-per-day voluntary crude oil production cut until the end of the year, according to the state-owned Saudi Press Agency. The […]