Blog - MyPetroCareer

YEAC demands investigation into Okrika petrol fire incident

*Okrika petrol fire incident Mkpoikana Udoma Port Harcourt — The Youths and Environmental Advocacy Centre, YEAC-Nigeria, has called for a thorough investigation into the recent petrol fire incident which killed some persons including fishermen in […]

Fuel price hike imminent as oil price soars

*Fuel dispenser nozzle. – Naira weakens to N920/$1 Mkpoikana Udoma Port Harcourt — Increment in the pump price of Premium Motor Spirit commonly known has fuel is imminent, as the Naira has weakened to over […]

‘Oil prices could rise further, but 2024 demand to slow sharply’

*Oil prices – Sees inventory draws in Q3, Q4 if OPEC+ keeps current targets– Trims 2024 demand growth forecast by 150,000 bpd– IEA and OPEC further apart on 2024 demand growth view London — OPEC+ […]

Oil and gas industry overall contract value up by 60% QoQ in Q2 2023

Lagos — The overall oil and gas industry’s disclosed contract value witnessed a significant quarter-on-quarter (QoQ) increase of 60% in Q2 2023, mainly driven by a mega contract for Qatar’s North Field South (NFS) LNG […]

Navy, NSCDC synergize to combat oil theft in Rivers

*NNS Pathfinder Commander, Commodore Desmond Igbo, and NSCDC Commandant in Rivers State, Basil Igwebueze Mkpoikana Udoma Port Harcourt — The Nigerian Navy has expressed its readiness to synergize with the Nigeria Security and Civil Defence […]

Oil prices fall as investors weigh China data against OPEC optimism

*Logo of the Organization of Petroleum exporting Countries – OPEC flags healthy oil market fundamentals in second half– US consumer prices rise moderately in July– China tips into deflation as efforts to stoke recovery falter […]

OPEC flags healthy oil market fundamentals in second half

*OPEC oil demand – Saudi Arabia tells OPEC it met voluntary cut pledge in July– OPEC raises forecasts for world economic growth– Forecasts on oil demand growth held steady London — Prospects for the global […]

Oil steadies ahead of US inflation data

*Oil prices – Brent and WTI benchmarks have been on rise since May– Inflation data awaited for clues on interest rates– Saudi and Russian output cuts add to supply concerns London — Oil prices steadied […]

Oil hits new highs as tighter supply offsets China demand concern

*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 – API data shows US crude inventories rise, […]

OGFZA targets $15bn investments in five oil & gas free zones

*Special Adviser to the President on Trade and Investment, Mr. John Uwajumogu, and the Managing Director of OGFZA, Sen. Tijjani Kaura in Onne, Rivers State Mkpoikana Udoma Port Harcourt — Not less than $15billion investment […]