Blog - MyPetroCareer

Subsea7 lands major Petrobras contract for Buzios field, offshore Brazil

Subsea7 has secured a super-major contract1 with Petrobras, after winning a competitive tender, for the development of the Búzios 11 field located approximately 180 kilometers off the coast of the state of Rio […]

Golar approves 20-year charter for FLNG Hilli development

Golar LNG has reached final investment decision (FID) for the 20-year re-deployment charter of the FLNG Hilli Episeyo (FLNG Hilli), first announced on July 5, 2024. The vessel will be chartered to Southern Energy S.A. […]

OPEC+ agrees another accelerated oil output hike for June

*OPEC+ barrel stock London/Dubai — OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day, the group said on Saturday, despite falling prices […]

Gas flaring threatens health, jobs in oil sector, PETROAN warns on Workers’ Day

Port Harcourt — The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has called on the federal government and oil industry stakeholders to urgently increase welfare packages and health protections for oil and gas […]

News

Texas RRC imposes over $1.3 million in penalties against oil and gas operators

The Railroad Commission of Texas assessed $1,372,720 in enforcement docket fines against operators and businesses at the Commissioners’ open meeting on Tuesday. The Commission has primary oversight and enforcement of the state’s oil […]

Exxon, Chevron likely to maintain Permian growth as independents scale back

(Bloomberg) — Exxon Mobil Corp. and Chevron Corp. are likely to shoulder more of the Permian basin’s oil growth as independent producers cut back due to falling crude prices. Chevron operations in the […]

US will revise Biden-era offshore oil and gas bonding rule

In a statement, the agency said it would develop a new regulation, but did not give specifics. The move is aligned with President Donald Trump’s push to reduce federal regulations and boost domestic energy production. […]

News

New offshore provisions will streamline permitting, bolster energy security, says NOIA

National Ocean Industries Association (NOIA) President Erik Milito issued a statement on Friday in support of the House Natural Resources Committee reconciliation package: “Chairman Westerman’s bill is a game-changer for offshore energy, delivering […]

Equinor sells stake in Brazil’s Peregrino field to Prio for $3.5 billion

Equinor has entered into agreements with Brazilian company PRIO to sell its 60% operated interest in the Peregrino field in Brazil for a total value of $3.5 billion USD. PRIO, Brazil’s largest independent […]

Oil prices rebound amid bearish headwinds

*Global oil flow. Lagos — Oil prices rebounded to a certain extent after their recent fall. While the market could remain under pressure, prices gained in reaction to Trump’s comments on Iranian crude. Sanction threats […]