Blog - MyPetroCareer

Oil prices near lows, demand expectations & tensions affect sentiment

*Oil prices Lagos — Crude oil futures remained near their low. The market found some support in a larger-than-expected drawdown in distillate inventories, which fell by 2.8 million barrels. This could support oil demand expectations in […]

Trump meets with oil execs as U.S. scales down environmental rules

Jennifer A. Dlouhy March 19, 2025 (Bloomberg) – The chief executives of more than a dozen oil companies will deliver a message of gratitude — as well as caution […]

EIA forecasts Alaska crude oil production will grow in 2026 for the first time since 2017

In its March 2025 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) forecast crude oil production in Alaska will increase by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd after remaining relatively […]

Aradel Holdings, others in Consortium Group complete landmark acquisition of SPDC

Oritsegbubemi Omatseyin Lagos — Aradel Holdings Plc has announced, as part of Renaissance Africa Energy Company Limited, the successful completion of the acquisition of the Shell Petroleum Development Company of Nigeria Limited, SPDC. Renaissance Africa Energy […]

Ukraine buys US LNG amid Trump-Putin talks on ending war

*LNG vessel Kyiv — Ukraine has bought 100 million cubic metres of U.S. liquefied natural gas in a deal between state firm Naftogaz and Poland’s Orlen, days after Kyiv declared its plan to buy large […]

News

Over 100 trade groups welcome U.S. Congress’ efforts to reverse Calif. vehicle mandates

The American Petroleum Institute today joined over 100 other trade groups representing a wide range of stakeholders in sending a letter to House and Senate leadership welcoming Congress’ efforts to protect consumers and reverse California’s […]

MOL discovers new oil field in Western Hungary

MOL has discovered a new oil field near Somogysámson in Western Hungary. During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. According to the results, the […]

Minister to inaugurate 10Mmscf/day CNG facility in Akwa Ibom

*Ekperikpe Ekpo. Mkpoikana Udoma Port Harcourt — The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, is set to officially break the ground for Nsik Oil and Gas Limited’s 10 million standard […]

Chevron buys about 5% of Hess stock

News wire — Chevron purchased about 4.99% of Hess Corp’s common shares this year, the oil giant said in a regulatory filing on Monday. Chevron said the stock purchase reflects its continuing confidence in completing […]

Baker Hughes, NextDecade enter framework agreement for Rio Grande LNG expansion trains

Baker Hughes and NextDecade Corporation have entered into a framework agreement whereby NextDecade plans to utilize Baker Hughes’ gas turbine and refrigerant compressor technology (Equipment Packages) and enter into contractual services agreements to perform maintenance […]