Blog - MyPetroCareer

Are OPEC’s forecasts driving crude oil into a new downtrend?

*Oil prices Lagos — The crude oil market is currently experiencing increasing volatility, reflecting the intense pressure it faces from multiple fronts—ranging from bearish signals in the U.S. market, to potential geopolitical escalation in the […]

Pemex considers job cuts, restructuring in strategy to save $540 million

(Bloomberg) – Mexico’s state oil company Petroleos Mexicanos is discussing plans to slash over 3,000 jobs in a proposed corporate restructuring that is expected to save the company millions as the indebted driller and refiner […]

Trump criticizes UK North Sea tax for discouraging drilling

(Bloomberg) – U.S. President Donald Trump criticized the UK’s approach to taxing North Sea oil and gas, saying it discouraged drilling and raised energy prices. Britain should stop using “costly and unsightly windmills” and “incentivize […]

Shell Nigeria Gas engages stakeholders on deepening gas distribution

*L-R: Manager, Strategy and Sustainability, NNPC Gas Marketing Limited (NGML) Daniel Aso; Team Lead on Gas, Office of The Special Adviser to The President on Energy, Lateef Biobaku; Managing Director, Shell Nigeria Exploration and Production […]

Expro lands multi-year TRS contracts with two super-major operators in U.S. Gulf

Expro has been awarded multi-year Tubular Running Services (TRS) contracts by two leading Super-Major operators in the Gulf of America/Gulf of Mexico, covering both deepwater drillships and platform rigs. Collectively valued at over $80 million, […]

News

DOF awarded $480 million in Petrobras contracts for offshore Brazil

DOF Group ASA has secured four long-term charter and service contract awards with Petrobras in Brazil following a competitive tender process. Skandi Iguaçu, one of the biggest AHTS vessels ever built in Brazil […]

Crude prices climb on geopolitical risks

*Crude oil stock. Lagos — Crude oil futures rose in the face of rising geopolitical tensions in the Middle East, sparked by reports that Israel may be preparing a strike on Iranian nuclear facilities. The […]

Oil prices volatile amid surprise EIA data and Middle East tensions

*Oil prices Lagos — Oil prices were volatile, returning to near $62 a barrel after reaching as high as $64. Prices retreated after the latest EIA report showed a surprising 1.3 million barrel build in […]

One missing after Chevron Angola deepwater platform fire

(Bloomberg) — Chevron Corp. and local authorities in Angola are searching for a missing worker after a fire broke out on a deepwater oil platform. The worker was reported missing when the Benguela-Belize […]

Nigeria must lead Africa’s energy revolution beyond borders, says APPO

Port Harcourt —Secretary General of the African Petroleum Producers’ Organization, APPO, Dr. Omar Farouk Ibrahim, has called on Nigeria to extend its leadership in local content and industrial capacity beyond its borders to other African […]