Blog | MyPetroCareer

Navy confiscates 750,000 litres of AGO in Port Harcourt

*Illegal refining dump. Mkpoikana Udoma Port Harcourt — The Nigerian Navy on Tuesday uncovered an illegal oil bunkering site and confiscated over 750,000 litres of illegally refined Automotive Gasoline Oil also known as diesel, in […]

Russian oil producer Rosneft’s annual profit surges to $14 billion

The West has imposed sweeping sanctions against Russia’s energy exports, seeking to starve the Kremlin of crucial oil and gas revenues after Moscow despatched its army to Ukraine in February 2022. A U.S. threat to […]

Seplat Energy achieves ISO 26000 endorsement on social responsibility

*Roger Brown, Seplat Chief Executive Officer Oritsegbubemi Omatseyin Lagos — Seplat Energy Plc has achieved the ISO 26000 endorsement, which is a major milestone that reinforces the Company’s commitment to social responsibility. The company’s ISO 26000 […]

Oil & gas industry contract volume shows 16% decline in Q4 2023

*Oil & gas industry contract volume Q4 2023 Lagos — Amidst shifting market dynamics, the oil and gas industry faced a significant quarter-on-quarter (QoQ) decline of 16% in disclosed contract volume from 1,401 in Q3 […]

Gabon to buy Carlyle’s oil business, preempting $1.3bn sale

*Carlyle Group backed Assala Energy. London — Gabon’s national oil company has agreed to acquire Carlyle’s (CG.O), opens new tab Assala Energy after it used its right to preempt the sale of the business for […]

Pipeline operator TC Energy beats profit estimates on high gas demand

*TC Energy News wire — North American pipeline operator TC Energy beat fourth-quarter profit estimates on Friday, boosted by high demand for transporting natural gas. The United States was the world’s top liquefied natural gas (LNG) […]

UK’s Serious Fraud Office charges two former Petrofac executives with bribery

*Petrofac office London — Britain’s Serious Fraud Office said on Friday that it had charged two former executives of oilfield services provider Petrofac, Marwan Chedid and George Salibi, with bribery. The SFO alleges that they […]

Niger Delta CDCs seek EFCC’s intervention against oil theft

*Illegal crude oil refining activity. Mkpoikana Udoma Port Harcourt — The Community Development Committees of Niger Delta’s oil and gas producing communities, have called for a more direct intervention of the Economic and Financial Crimes […]

Nigeria limits oil firms’ FX transfers from crude oil

*A view of Central Bank of Nigeria headquarters next to National. Ecumenical Centre in Abuja, Nigeria November 23, 2021. REUTERS/Afolabi Sotunde. Abuja — Nigeria’s central bank has set a limit on foreign currency transfers from […]

UK petrochemicals sector contributes over £7.3bn in revenues

*Sarens Petrochemical. – Employs more than 15,800 people Lagos — According to the research ‘Chemical Product Manufacturing in the UK 2024-2029’ by consultancy Ibisworld, the UK petrochemicals sector will maintain its growth through 2024, contributing […]