Blog - MyPetroCareer

Nigeria’s LNG sector gets boost as NNPCL signs major gas deal

*Managing Director, NNPC Gas Marketing Limited, NGML, Justin Ezeala and CEO of Ssonic Petroleum Ltd, Ifeoma Douglas, sign an 80mscf gas supply agreement for the proposed LNG plant in Lekki FTZ. Mkpoikana Udoma Port Harcourt […]

DNO to acquire Sval Energi, quadrupling North Sea oil output

Norwegian oil company DNO has reached an agreement to acquire Sval Energi from HitecVision for a cash consideration of $450 million (USD) based on an enterprise value of $1.6 billion. The Sval Energi […]

Egypt’s oil & gas prospects soar with new licensing opportunities

Headquarters of the Egyptian Natural Gas Holding Company in Cairo. Cape Town, South Africa — Egypt’s energy sector is experiencing a new wave of optimism as the country steps up efforts to attract foreign investment […]

ADNOC looks to purchase U.S. natural gas fields as part of expansion strategy

(Bloomberg) – The United Arab Emirates’ biggest oil company is seeking to buy its first natural gas producing fields in the U.S. to deepen its presence in the country, according to people familiar with the […]

News

African national oil companies (NOCs) partnering with independents to drive E&P

Africa’s national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. By strengthening their balance-sheets through partial privatization, transferring their regulatory roles to independent entities and acquiring more […]

Africa Oil Corp bullish on Nigeria growth, Namibia long game

*Canada’s Africa Oil Corporation. Cape Town — Canada’s Africa Oil Corporation will double its Nigerian output and the size of its reserves there once it completes its deal for full ownership of Prime Oil next […]

News

Cat Oil & Gas launches new gas-powered system to streamline frac operations

Caterpillar Oil & Gas has developed its new Caterpillar® Gas Mechanical System (GMS), a fully integrated power solution, purposefully built to bring optimum mechanical efficiency and simplicity to frac operations, while utilizing 100% natural […]

Vitesse Energy completes $222 million acquisition of Lucero Energy

Vitesse Energy announced today the completion of its previously announced acquisition of Lucero Energy. The arrangement was approved by Vitesse stockholders and Lucero shareholders on March 5, 2025 and March 6, 2025, respectively, and Lucero […]

African NOCs drive E&P through IOC collaboration

*Offshore West Africa. Cape Town, South Africa — Africa’s national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. By strengthening their balance-sheets through partial privatization, transferring their […]

Oil set for biggest weekly drop since October

*Global oil flow. New Delhi — Oil prices gained on Friday but were set for their biggest weekly decline since October as the uncertainty around U.S. tariff policy is creating concerns about demand growth at […]