Blog | MyPetroCareer

Illegal oil bunkering fire claims several lives in Rivers

*An illegal oil refinery site in the Niger Delta Mkpoikana Udoma Port Harcourt — Many persons have been feared dead following a fire incident at an illegal oil bunkering site around Okari Jetty, in Okrika […]

India’s July fuel demand up 1.9% year on year

*A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas/File Photo Bengaluru — India’s fuel consumption, a proxy for oil demand, rose […]

Army uncovers illegal tapping point on SPDC oil pipeline in Rivers

*45,000 litres truck laden with stolen crude from SPDC pipeline in Aluu, Ikwerre LGA of Rivers State Mkpoikana Udoma Port Harcourt — The Nigerian Army has uncovered an illegal crude oil tapping point on pipeline […]

Nigeria’s endless gas devt rhetoric and the opportunities foregone

*Host community dwellers going about their chores with gas flaring in the background. Ike Amos Dublin Ireland — About three years after the launch of the National Gas Expansion Programme and the ‘decade of gas’ […]

Canada pipeline operator Enbridge’s quarterly profit rises on strong volumes

*Enbridge pipeline News wire — Canadian pipeline operator Enbridge Inc reported higher second-quarter profit on Friday due to increased oil volumes, and said it was not considering splitting its business. Rival TC Energy said last week […]

Abu Dhabi’s ADNOC to acquire 30% stake in Absheron gas field

*ADNOC headquarters ,. Dubai — Abu Dhabi National Oil Company (ADNOC) said on Friday it would acquire a 30% equity stake in the Absheron gas and condensate field in the Caspian Sea off the coast […]

OPEC+ panel keeps policy unchanged against backdrop of stronger oil market

Dubai/London — An OPEC+ ministerial panel which met on Friday made no changes to the group’s current oil output policy after a Saudi decision to extend its voluntary production cut into September helped oil prices […]

Brazil’s Petrobras beats profit forecast, $3 billion payout announced

*Petrobras Sao Paulo — Brazilian national oil company Petrobras posted a nearly 36% drop in its second-quarter profits on Thursday, citing falling crude prices, although earnings surpassed analyst expectations. Latin America’s top oil producer posted […]

PENGASSAN joins protest against NUPRC’s Chief Executive in Rivers

PENGASSAN members protesting ‘Gbenga Komolafe must go’. Mkpoikana Udoma Port Harcourt — The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has joined in the ongoing protest against the Chief Executive Officer the […]

Phillips 66 joins rival refiners with sharp profit drop on lower margins

News wire — Phillips 66 reported a 46% fall in second-quarter profit on Wednesday, the latest U.S. refiner to signal the hit from a decline in margins from last year’s sky-high levels when Russia’s invasion […]