Blog | MyPetroCareer

Cyprus, Chevron-led group extend talks over gas plan

Nicosia — Cyprus and international energy companies led by Chevron have agreed to extend talks on how to develop its Aphrodite offshore gas field amid progress in negotiations, its energy minister said on Friday. “It […]

US crude production climbs to near record high in July

*Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. […]

Oil forecasts revised higher as Saudi, Russian supply cuts drive gains

– Saudi, Russia to dictate prices over the next 3 months – analyst– US shale, Iran and Venezuela oil production to ease tightness– For a table of crude price forecasts, click Bengaluru — Saudi and […]

Nearby Brent crude spread hits 2023 high on tight supply

*North Sea Brent oil London — The spread between the front and second month contract for global oil benchmark Brent has widened to its highest this year, in another strong indicator of a supply deficit […]

News

Bayelsa communities threaten to shutdown Shell operations over Development Trust

Mkpoikana Udoma Port Harcourt — Seven communities in Bayelsa State have vowed to shutdown operations of the Shell Petroleum Development Company of Nigeria Limited, SPDC, over inauguration of the Host Community Development Trust, HCDT, for Estuaries […]

TotalEnergies to return more cash to shareholders

– As oil and gas output rise Paris — French energy group TotalEnergies (TTEF.PA) is to increase returns to shareholders and plans to raise its oil and gas production by 2 to 3% per year […]

Afreximbank turns to oil traders for NNPC’s $3bn loan

Sam Ikeotuonye, with agency reports Lagos — Cairo, Egypt-based African Export-Import Bank or Afreximbank is tapping oil traders to finance a $3 billion loan to Nigeria’s state oil company NNPC Limited aimed at supporting the […]

IPMAN flays NNPCL for allegedly re-introducing fuel subsidy payments

*Fuel dispenser pump Mkpoikana Udoma Port Harcourt — The Independent Petroleum Marketers Association of Nigeria, IPMAN, has raised the alarm over alleged secret reintroduction of fuel subsidy payments by the Federal government. Recall that President Bola […]

Fluenta installs 18 ultrasonic flare gas meters at Dangote Refinery

*The Dangote Refinery Cambridge, UK — Fluenta, the global leader in the use of ultrasonic sensing technology for the measurement of flare gas, has recently completed work on the Dangote Refinery, Africa’s biggest oil refinery […]

‘State-owned refineries must run on NLNG model for sustainability’

* Experts during a panel session at the CGRP’s 6th International Mid/Downstream Oil and Gas Conference in Port Harcourt. – Say local solutions’ll tackle oil & gas challenges Mkpoikana Udoma Port Harcourt — The Federal […]