Blog - MyPetroCareer

Geopolitical risk could add $10/b to oil prices

*Goldman Sachs. – Goldman Sachs estimates a geopolitical premium of approximately $10 per barrel on Brent crude, though it suggests oil could exceed $90 if Iranian supply is disrupted.– The bank’s base-case scenario, which assumes […]

Nigeria to introduce real-time tracking for oil export shipments

*Crude oil supply vessel. Lagos — Nigeria’s oil regulator is set to bring in a new rule that requires oil producers to obtain an export permit, vessel clearance and a unique identification number to enable […]

Oil market remains ‘on edge’ amid Middle East conflict

(Bloomberg) – Oil swung in a turbulent session amid speculation the U.S. may join the Middle East conflict, with traders focused on flows through the region’s vital shipping chokepoint. West Texas Intermediate was more […]

Subsea7 lands EPCI contract for offshore Norway

Subsea7 has secured a substantial contract offshore Norway. Subsea7’s scope includes engineering, procurement, construction and installation (EPCI) of pipeline bundles, spools, protection covers and tie-ins using key vessels from Subsea7’s fleet. Project management and […]

FG backs Indorama’s expansion drive to boost Nigeria’s gas-based industrialization

Port Harcourt — The Federal Government has pledged strong support for Indorama Eleme Petrochemicals Limited’s expansion plans aimed at accelerating Nigeria’s gas-based industrialization and deepening investment in the petrochemical sector. The Minister of State for […]

NNPC Ltd, Baker Hughes deepen partnership to boost oil production

*Group Chief Executive Officer of NNPC Ltd., Engr. Bashir Bayo Ojulari, with Mr. Tayo Akinokun, Baker Hughes Senior Vice President, Global Geozones, Oilfield Services and Equipment. Mkpoikana Udoma Port Harcourt — The Nigerian National Petroleum […]

Angola, U.S. leaders move to expand energy cooperation during Washington meeting

Image: Chevron Angola operations Angola has taken a decisive step in advancing its strategic partnership with the U.S., following a high-level meeting between Angolan Minister of Mineral Resources, Oil and Gas Diamantino Azevedo and U.S. […]

U.S. Dept. of Interior urged to fully leverage offshore energy resources

The American Petroleum Institute today joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. […]

IPMAN applauds Dangote Refinery’s free fuel distribution initiative

*Tankers for the Dangote Refinery’s free fuel distribution initiative Mkpoikana Udoma Port Harcourt — The Independent Petroleum Marketers Association of Nigeria, IPMAN, has hailed the management of Dangote Petroleum Refinery over its plan to commence […]

US Supreme Court to hear Chevron, Exxon appeal over Louisiana coastal damage

The justices are due to hear the case in their next term, which begins in October. Paul Clement, a lawyer for Chevron, welcomed the court’s decision to hear the dispute. “Chevron is pleased that the […]