Blog - MyPetroCareer

Crude oil supply disruptions & seasonal demand keep prices steady

*Oil prices Lagos — Crude oil futures continued to find support in the supply disruptions in the Middle East. Recent drone strikes on oilfields in Iraq’s Kurdistan region have affected production, removing an estimated 140,000 […]

Ekpo lauds $3.5bn NNPCL/GACN gas investment in Akwa Ibom

*Ekperikpe Ekpo Mkpoikana Udoma Port Harcourt — The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has applauded the landmark $3.5 billion gas investment by the Nigerian National Petroleum Company Limited, NNPCL, […]

Chevron nears Permian production plateau, freeing up billions in cash flow

(Bloomberg) – Chevron Corp. is on the cusp of reaching a production plateau in the largest U.S. oil field, allowing it to reap billions of dollars of additional cash flow in the next few years. […]

EnerMech secures two-year cranes extension in North Sea

EnerMech has been awarded a two-year crane operations & maintenance (O&M) contract extension to continue supporting a North Sea operator. The current agreement, which began in August 2022, will now run until at least August […]

ExxonMobil Nigeria appoints new Chairman & Managing Director

*ExxonMobil Nigeria headquarters, vICTORIA iSLAND, lA. Oritsegbubemi Omatseyin Lagos — ExxonMobil has appointed Mr. Jagir Baxi as Chairman, Managing Director, and Lead Country Manager, of its affiliates in Nigeria. This includes Esso Exploration and Production Nigeria […]

Global gas flaring hits highest level since 2007

*A reflection of two gas flaring furnaces is seen in the pool of oil-smeared water at a flow station in Ughelli, Delta State, Nigeria. – Undermining energy security, access, and emissions goals– ‘Wasted gas amounts […]

EnQuest awarded production sharing agreement for offshore Brunei gas fields

EnQuest PLC has been awarded a Production Sharing Agreement (PSA) for Block C in Brunei by the Petroleum Authority of Brunei Darussalam (PABD). EnQuest will initially be the sole operator of the PSA […]

SLB completes $7.8 billion ChampionX acquisition after regulatory delays

SLB has successfully completed its previously announced $7.8 billion acquisition of ChampionX. The announcement follows a period of regulatory delays amid competition concerns, with the final regulatory hurdle being cleared yesterday as UK’s Competition and […]

Collaboration is key to unlocking Nigeria’s marginal field potential

*Nigeria’s marginal fields acreage Johannesburg, South Africa — Nigeria’s oil and gas sector stands at a strategic inflection point and the country’s marginal fields are vital for growth and sustaining upstream activity. These smaller, often […]

NNPC Ltd unveils $3.5bn gas investment in Akwa Ibom

*Singing of MoU for the $3.5bn gas investment between Akwa Ibom State Government represented by the Secretary to the State Government, Prince Enobong Uwah and GACN Managing Director, Mr. Chijioke Uzoho, in Uyo. Mkpoikana Udoma […]