News - MyPetroCareer

News Ticker

[ June 19, 2026 ] NMDPRA, NEITI deepen data transparency drive to strengthen reforms News
[ June 19, 2026 ] Nigeria beats OPEC quota as Trans Niger Pipeline stability lifts output News
[ June 19, 2026 ] PETROAN urges refiners and importers to reflect downward price adjustments News
[ June 18, 2026 ] NADDC commissions automotive training centre in Zamfara, graduates 100 youths News
[ June 17, 2026 ] Cooking gas prices could drop below ₦1,100/kg if reforms succeed News

News

Exxon responds to arbitration ruling

ExxonMobil released a formal statement on Friday following a ruling by the International Chamber of Commerce (ICC) Tribunal related to its contractual dispute with Hess Corporation over interests in the Stabroek Block offshore Guyana. […]

SLB predicts industry resiliency in second half of 2025

(Bloomberg) — SLB, the world’s largest oil-services provider, sees resiliency in the industry and remains constructive about the second half of 2025 despite uncertainties in customer demand. “Despite pockets of activity adjustments […]

Analysts on Chevron winning arbitration over Exxon in Hess deal

“We see this transformative project driving meaningful production growth for at least the next three to five years, adding substantial new heft on the liquids side from Guyana, the Permian, and Gulf of Mexico. CVX […]

RMAFC queries Sterling Oil over CSR, gas flaring in Anambr

*Gas flaring jumps Mkpoikana Udoma Port Harcourt — The Revenue Mobilization Allocation and Fiscal Commission, RMAFC, through its Investment Monitoring Committee, has summoned the Sterling Oil Exploration & Energy Production Company, SEEPCO, over alleged lapses […]

bp sells U.S. onshore wind business, continuing pivot back to oil and gas

(Bloomberg) — bp Plc has agreed to sell its U.S. onshore wind business to LS Power, as the company continues efforts to pivot back toward its core oil and gas business and reverse years of […]

Chevron completes $53 billion Hess takeover following lengthy Exxon arbitration

Chevron has completed its $53 billion acquisition of Hess Corporation, having prevailed in an arbitration against ExxonMobil regarding Hess’ offshore Guyana assets, which had delayed the takeover for over a year. offshore operations […]

Crude oil supply disruptions & seasonal demand keep prices steady

*Oil prices Lagos — Crude oil futures continued to find support in the supply disruptions in the Middle East. Recent drone strikes on oilfields in Iraq’s Kurdistan region have affected production, removing an estimated 140,000 […]

Ekpo lauds $3.5bn NNPCL/GACN gas investment in Akwa Ibom

*Ekperikpe Ekpo Mkpoikana Udoma Port Harcourt — The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has applauded the landmark $3.5 billion gas investment by the Nigerian National Petroleum Company Limited, NNPCL, […]

Chevron nears Permian production plateau, freeing up billions in cash flow

(Bloomberg) – Chevron Corp. is on the cusp of reaching a production plateau in the largest U.S. oil field, allowing it to reap billions of dollars of additional cash flow in the next few years. […]

EnerMech secures two-year cranes extension in North Sea

EnerMech has been awarded a two-year crane operations & maintenance (O&M) contract extension to continue supporting a North Sea operator. The current agreement, which began in August 2022, will now run until at least August […]