Blog - MyPetroCareer

News

Ammat aims to boost Congo’s oil and gas output by 70%

Ammat Global Resources has announced an ambitious growth strategy for exploration and production in the Republic of Congo, aiming to increase the company’s oil and gas output by 70% over the next five years. […]

EFCC demands apology over alleged “abduction” of NNPCL GCEO, Ojulari

*Ola Olukoyede, Executive Chairman, EFCC Mkpoikana Udoma Port Harcourt — The Economic and Financial Crimes Commission, EFCC, has issued a 48-hour ultimatum to online news platform, People’s Gazette, to retract a story alleging that its Executive […]

ExxonMobil starts production at Yellowtail, offshore Guyana

ExxonMobil Guyana started production today at Yellowtail, the fourth oil development in Guyana’s offshore Stabroek block. Yellowtail’s ONE GUYANA floating production storage and offloading (FPSO) vessel joins the Destiny, Unity, and Prosperity FPSOs, bringing total […]

News

Petrobras estimates fall short amid low oil prices, rising costs

(Bloomberg) — Brazil’s state-controlled oil producer Petrobras reported weaker-than-expected results and cut its dividend after lower oil prices offset stronger production figures. Petroleo Brasileiro SA, as it is formally known, increased investments 30.6% […]

Brazil’s Petrobras sees low chances of extra dividends this year

*Petrobras Sao Paulo/Rio De Janeiro — Brazilian state-run oil giant Petrobras sees little chance of paying extraordinary dividends this year, Chief Financial Officer Fernando Melgarejo said on Friday, citing lower revenues after a drop in […]

Cheniere’s Q2 profits double, inks first long-term LNG deal to supply Japan

*Cheniere Energy facility News wire — Cheniere Energy’s second-quarter profit nearly doubled year-on-year, driven by positive changes in the valuation of certain assets, steady demand and robust margins, the U.S. liquefied natural gas (LNG) company reported […]

Milbank advises YPF on $500 million acquisition of TotalEnergies oil and gas blocks

Milbank LLP is advising YPF S.A. in connection with its definitive agreement with Total Austral S.A., an affiliate of TotalEnergies, to acquire a 45% interest in Rincón La Ceniza and La Escalonada, two […]

NNPC backtracks on Port Harcourt Refinery full rehabilitation

*Admits error in $1.5bn rehabilitation work *Says project remains incomplete *Confirms SweetcrudeReports’ December 2024 story *Operating refinery prior to full rehabilitation ill-informed – Ojulari *NNPC’s Port Harcourt refinery Mkpoikana Udoma Port Harcourt — Seven months after SweetCrude […]

Israel, Egypt reach $35 billion deal for natural gas supply

(Bloomberg) — Egypt will boost its contracted purchases of natural gas from Israel’s Leviathan field under a new agreement starting next year, deepening the country’s dependence on imports of the fuel for the long haul. […]

Nigeria to create 2 million jobs through National Social Housing Programme

Lagos — The Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, has revealed the aim of the Federal government to create employment for Nigerians, that will boost local economies, through the Renewed Hope […]