Blog - MyPetroCareer

U.S. refinery margins set to remain high: Kemp

*A US refinery in Corpus Christi London — U.S. oil refinery margins have halved since the middle of 2022 but they are still at historically high levels and will be supported through the summer of […]

China’s Sinopec agrees terms for potential Kazakhstan polyethylene investment

*Sinopec facility News wire — China’s Sinopec said it has agreed key terms with Kazakh state-owned oil and gas firm KazMunayGaz to build a gas-based petrochemical complex in Kazakhstan’s Atyrau region and a final investment […]

NNPCL clears $3.8bn JV cash-call arrears owed IOCs

Mkpoikana Udoma Port Harcourt — The Nigerian National Petroleum Company Limited, NNPCL, says it has cleared the outstanding $3.8 billion joint venture cash-call debts owed to international oil companies, IOCs, operating in the country. NNPCL’s Executive […]

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Saudi Arabia’s Aramco names presidents for upstream and downstream businesses

Dubai — Saudi Arabian oil giant Aramco on Thursday named Nasir al-Naimi and Mohammed Al Qahtani as presidents of its upstream and downstream businesses, respectively, in a move designed to support the company’s growth plans. […]

Diri decries slow PIA implementation pace for host communities

…Says obsolete oil facilities destroying Niger Delta environment *Aerial view of oil impacted community in the Niger Delta Mkpoikana Udoma Yenagoa — Bayelsa State Governor, Sen. Douye Diri, has lamented over what he described as the […]

Angolan oil & gas infrastructure sparks investor frenzy

*Angola Oil & Gas, AOG, 2023 Luanda, Angola — Angola has emerged as an investment hotspot in recent years, with a suite of global energy majors, independent oil and gas firms and service companies either […]

The EU will ban Russian LNG ‘sooner than later,’ Spain’s energy minister says

*European Union Madrid — European Union countries will agree sooner rather than later to ban import of liquefied natural gas (LNG) from Russia, Spain Energy Minister Teresa Ribera told Reuters on Tuesday. “This will be […]

Shell to use new AI technology in deep sea oil exploration

*Shell personnel on an exploration rig New York — Shell Plc (SHEL.L) will use AI-based technology from big-data analytics firm SparkCognition in its deep-sea exploration and production to boost offshore oil output, the companies said […]

TotalEnergies reached deal with Suriname on two offshore oil drilling blocks

Paris — French oil giant TotalEnergies on Monday said it had reached a deal with Suriname on how to share production at two planned offshore blocks in the Latin American country. TotalEnergies will operate the […]

Nationalised German energy firms pay traders big bonuses after losing billions

London/Frankfurt — German energy firms Sefe and Uniper have awarded some traders millions of dollars in bonuses for 2022, four sources familiar with the matter said, just months after the companies were rescued with multi-billion […]