Tag Archive for: Tanzania oil exploration

Bowleven eyes $28m deal for Tanzania gas assets

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dinburgh-based oil and gas explorer Bowleven is set to acquire stakes in two Tanzania gas projects for up to $28 million (£18.3m).

The Africa-focused group said the proposed deal was in line with its strategy of concentrating on opportunities in Africa that “have the potential to create material shareholder value, whilst maintaining a robust balance sheet and strong capital discipline”.

It has signed a conditional heads of terms with Aminex to buy a 25 per cent interest in the Kiliwani North Development Licence, which is soon to begin production, along with a 50 per cent interest in the “highly prospective” Ruvuma petroleum sharing agreement.

Bowleven chief executive Kevin Hart said: “The decision to enter into this heads of terms with Aminex follows the extensive screening of a large number of opportunities in Africa.

Read:Top-5-crude-oil-items-that-make-every-tanzanian-live-better

“Consistent with the group’s strategy, the deal affords Bowleven the opportunity to participate in highly attractive production and material appraisal/exploration assets without compromising its robust balance sheet and strong capital discipline.”

As at 31 October, the Aim-quoted group had a cash balance of about $120m and no debt

Read  also:3-places-on-the-internet-where-evey-Tanzanian-can-learn-about-oil-and-gas-sector-for-free

7 Ways To Make Money In Tanzania Oil and Natural Gas Industry

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Are you really looking for a way to make money in Tanzania oil and gas industry?

Fancy to join the league of oil and gas business  in Tanzania?

You are about to learn great stuff

Since 2010 several natural gas discoveries have been made in offshore southern Tanzania.

This led to a flock of numerous investors and companies to invest in oil and gas sector.

The natural gas discoveries have created new investment opportunities

The articles explore several opportunities to make money in Tanzania oil and gas industries by supplying services and products in this industry and also explains tips to succeed in this business

Let’s face them

1:Supply expandable equipment
Provide anything that oil and gas exploration companies need to get oil and natural gas out of the ground.
Example of products you can sell or supply to oil and gas companies include the following

Drilling bit is frequently needed to be replaced after boring rock for some miles. Also, you can supply

Drilling fluids are essential products needed by oil and gas companies, especially in drilling phase in order to transport rock cutting away from the well.
Also, you can supply to their pipes and drilling strings.

2:Accommodation services
Since most oil and gas reserves in Tanzania are found in remote sites, you can make money by providing, tents, catering equipment and kitchens to oil and gas companies

3:Logistics services
Is another way to make money in Tanzania oil and natural gas sectors. This can be done by ensuring there is land air or sea transport ,to move people from and to the sites.

4:Safety and health services
In Oil and gas industry health and safety continue to be significant, You job is to supply medicals and best safety personal protective equipment used in land and offshore field, including safety boot, element etc

5:Human resources- You can make money in Tanzania oil and gas industry by supply of permanent and temporary staff that work for oil and gas companies
6:Communication services
Is the another way to make money in Tanzania oil and gas industry, it include providing internet Tv and other recreational facilities to the remote sites
7:Engineering services,
It includes providing welding services water well drilling services. For those Tanzanians who own water well drilling companies, can deliver services to drilling water well to oil and gas companies.

Tips to succeed in these investment opportunities

Capitals
Capital is most popular excuses to many entrepreneurs, but for these investment opportunities start in the scale that is comfortable to you

Location
In order to succeed in this business, you should provide your services or product faster, well and at reasonable prices, It is better to decide the location where you will reach your customer easily, For Tanzania Mtwara is the better places since there a lot of natural gas discoveries.

Calculate risk
As you understand, every business has its risk. As oil and gas business is a very volatile due tendency of oil downturn It is better to know the risk of each business in order to know how you can avoid them.
Permit/licences
You should get a permit of driving your business from the concerning authorities in order to avoid unnecessary quarrels

Final words
There a lot interesting oil and gas business-opportunities-in-Tanzania , However, it can get very confusing if you don’t know where to look If you have read the article, I congratulate you! Since you have already discovered some of them

Dear readers we love to hear all of these from you

Invest In Safety Now or Pay For Failure Later-Nebosh International Certificate in Operational Oil and Gas Safety

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The oil and gas industry is the most highly regulated industry in the world when it comes to safety. It is rare now for oil companies to operate for several month or year without a single recorded case.
Some oil companies have spent a lot of money as the consequence of neglecting or ignoring safety issues. If you want to have a better understanding on the importance of safety in oil and gas industry, check out the BP’s oil spills in 2010 in the Gulf of Mexico in the united state that resulted into environmental pollution that could end up cost BP billions of dollars to clean up.

Because well-established safety policies and procedures appeared to have been ignored or neglected which result into death of eleven people on the rig floor, the CEO of BP was forced to resign and reputation of BP as an IOC has been tarnished

In order to keep oil and gas workers safe from injury and reduce the loss of life NEBOSH international technical certificate in oil and gas operational safety are significant to employers and companies as whole.

Here there full details of the training
NEBOSH INTERNATIONAL CERTIFICATE IN OIL AND GAS OPERATIONAL SAFETY
I4th-19 March
Johannesburg, South Africa
The NEBOSH International Technical Certificate in Oil and Gas Operational Safety covers the principles of process safety management in the oil and gas industries, it provides an excellent foundation in health and safety allowing those within the oil and gas industries to manage oil and gas operational risks effectively.

Key topics to be highlighted;

Health, Safety and Environmental Management in context
Fire protection and emergency response.
Logistics and Transport Operations
Hydrocarbon process safety 1.
Hydrocarbon process safety 2
Become a NEBOSH Certified Professional
EARLY BIRD DISCOUNT OF 20% OPEN UPTO 10TH OF SEPTEMBER.

Who is the Course for
The NEBOSH International Technical Certificate in
Oil and Gas Operational Safety is suitable for managers,
Supervisors, safety staff, and safety representatives with safety
Responsibilities in the oil and gas industry, both within and
Outside the UK, and is designed to provide a sound breadth
Of underpinning knowledge that enables them to manage oil
And gas operational risks effectively. Delegates should already
Have an underpinning knowledge of health and safety issues
And may already have studied one of NEBOSH’s Certificate level
qualifications. It should be noted that currently the
examination is offered, and must be answered, in English
only. The standard of English required by candidates must
be such that they can both understand and articulate the
concepts contained in the syllabus.

Course Objectives
A safer workplace – The NEBOSH International
Technical Certificate in Oil and Gas Operational Safety is
all about keeping people safe from injury and loss of life.
For employers, this also means protecting valuable assets
and avoiding prosecution, litigation and loss of reputation.
Assurance – An employer whose workers are NEBOSH
qualified is an employer committed to health and safety. The
NEBOSH International Technical Certificate in Oil and Gas
Operational Safety can help employers achieve international
standards and can even help win new business.
Return on investment – An employee with a NEBOSH
International Technical Certificate in Oil and Gas Operational
Safety has practical knowledge that brings real value,
wherever they operate.
For those who would be interesting to participate do not hesitate

Julian Anzunzu
Senior Project Manager

Oil and Gas
Fleming Europe
Nairobi, Kenya
Morningside Office Park,

Ngong’ Road

T: +254 202 000 066
M: +254 724 846 848
E: julian.anzunzu@flemingeurope.com
W: http://www.flemingeurope.com

Or follow the following link below to download[gview file=”http://tanzaniapetroleum.com/wp-content/uploads/2015/11/BATD164.pdf”]

Tanzanian pipeline isn’t commercially viable, CEO Hill says

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Export-route decision necessary to get industry off the ground Tanzanian pipeline isn't commercially viable, CEO Hill says

Export-route decision necessary to get industry off the ground
Tanzanian pipeline isn’t commercially viable, CEO Hill says

 

East Africa’s race to export its first oil will eventually be a tie between neighbors Kenya and Uganda because both need to share a pipeline rather than compete for different routes, a producer in the region said.

“The only sensible route for the pipeline is a joint pipeline” running through both countries, Africa Oil Corp. Chief Executive Officer Keith Hill said by phone from Calgary.

The company this week sold stakes in some East Africa assets to Maersk Oil & Gas A/S.

Agreement on an export route is necessary to get the countries’ oil industries off the ground: While crude was discovered in Uganda in 2006 and four years later in Kenya, both are still in the planning stage of commercial development.

Also Read:2-reason-why-East-African-oil-and-gas-industry-could-change-global-energy-market

One option is to send the oil through the Lokichar basin in northern Kenya. Another is to run a line via southern Kenya and the capital, Nairobi. A third is to pipe the oil through Tanzania.

“I don’t believe the Tanzanian pipeline is commercially viable,” Hill said on Monday, without elaborating.

Uganda, which last month signed a memorandum of understanding with Tanzania and oil producer Total SA to study a possible pipeline through the coastal nation, has repeatedly said the eventual shipment route must be the cheapest to develop. Kenya has estimated the cost of the proposed northern line at about 400 billion shillings ($3.9 billion).

Joint Ventures

A pipeline to the Indian Ocean would allow Africa Oil, together with larger partner Tullow Oil Plc, to start exports from joint ventures. Tullow has found oil in both countries, with Uganda estimating finds at 6.5 billion barrels and Kenya at 600 million barrels.

Maersk Oil said Monday it will acquire half of Africa Oil’s shares in three onshore exploration licenses in Kenya and two in Ethiopia for as much as $845 million.

The deal shows companies are willing to invest in East African discoveries even before a pipeline route is decided. It drove Tullow shares up 4.5 percent.

Oil-industry development has slowed in East Africa over the past year as slumping energy prices forced companies to cut costs and trim budgets. Brent crude has tumbled more than 40 percent to about $47 a barrel in the past 12 months amid a global supply glut.

“People have finally decided the oil price has hit bottom and we will see more deals being done in the next three to six months as people start to feel a little bit more stability,” Hill said. “There is no way on earth we can satisfy world demand below $75 a barrel long-term.”

Check Out How oil and gas are Formed—-3 Easy Steps

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Everyone in his daily life are in contact with objects that depend on oil or natural gas on their making. For example In order for you are car to run it must be filled with oil, Most of you use gas for cooking.

Have you ever asked yourself where do this oil and natural gas come from?

Without using technical words, the article explains how oil and natural gas are formed with three easy steps. If a reader lack prior knowledge of oil and gas industry, do not worry the article uses simple language in order to give you a better understanding.

 

Note: Oil and natural gas are related products often found in tandem, so their process of formation is similar

Okay let’s see how oil and natural gas formed

Stage 1 – All of the oil and gas we use today began as microscopic plants and animals living in the ocean millions of years ago.. In the shallow water where these animals lived, sweep current comes on and pushes these animals down where there is not sufficient oxygen to live and so they die.

Over millions of years, these layers of sands and animals are burned and covered by more layers until the first layer get very deep.

Stage 2 – as they became buried ever deeper, heat and pressure began to rise. The amount of pressure and the degree of heat, along with the type of biomass, determined if the material became oil or natural gas.

 

Bonus:

 

In an area where more shallow and organic materials were buried in a short time we get heavy oil

In area where organic materials were buried very deep over 2,000 meters for long time we get only we get lighter oil

If organic materials buried more than 6, 000 meter deep and for a long time we get only  natural  gas

 

Stage 3 – after oil and natural gas was formed. They tended to migrate through microscopic pores in the surrounding rock.

Some oil and natural gas migrated all the way to the surface and ran away. Other oil and natural gas deposits migrated until they were caught under impermeable layers of rock or clay where they were trapped.

These trapped deposits are the reason why we find oil and natural gas today.

Final words
Dear readers, we love to hear all of these from you , don’t forget to leave your comment below

Top 3 Places On the Internet where Evey Tanzanian can Learn about Oil and Gas Sector for Free

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I finally choose to write this article after getting requests from people who are eager to venture into oil and gas industry, but they lack prior knowledge of oil and gas industry.

Some of them are journalists who are very interesting to write about Tanzania oil and natural gas news and trend of oil and gas companies in Tanzania, but they don’t know how to go through it,

Some are entrepreneurs they want to invest into oil and gas industry, but the don’t have basic information on oil and gas industry.

The fact is that you not invest in the business you don’t know and is the reasons for this investor they want to have a basic knowledge of oil and gas industry

So the article explains the online platform everyone can learn about oil and gas industry.

If you are students or oil and gas professionals and you want to learn new things you will love this article, if a reader you don’t have basic knowledge on oil and gas industry, then you are about to learn great stuff

3 online opportunities every Tanzanian can learn about oil and natural gas industry
Recent days internet has facilitated everything, you can learn anything you have to know by simply on a single click of your computer mouse.

Let face them

1:OpenOil.com
Through this online platform, you can learn the history of Tanzania oil and natural gas industry, oil and gas companies operating in Tanzania, areas of oil and gas production in Tanzania,

Also, you can understand the government and private companies that are involving directly in the oil and gas industry in Tanzania.

You will have better understanding on function of Tanzania petroleum development co-operation (TPDC), oil and gas exploration activities in Tanzania and you will learn about petroleum act and local content policy of oil and gas sector in Tanzania
To start learning follow this link http://wiki.openoil.net/index.php?title=Tanzania_Oil_and_Gas_Almanac

2: The biggest oil and gas knowledge community(Oges.Info)
This is the largest oil and gas community which involve oil and gas experts with enough knowledge and experience in oil and gas industry all over the world.

These people they have already worked with various oils and gas companies across the world.

Also you meet with graduates and other students worldwide, through this site you allowed to ask anything then oil and gas expert will answer your question.

You will learn a lot from oil production, oil and gas drilling, oil and gas project management health and safety etc. Your job now is to visit this site and join this bank oil and gas knowledge. To check out all resources on this website visit http://www.oges.info/

Also Read:Interesting-business-opportunities-in-tanzania-oil-and-natural-gas-sectors-for-local-entrepreneurs

3:Alison
Is online learning platform founded 2007 by Mike Fereek, a serial entrepreneur? Since 2007, more than 350,000 people graduated from its free certificate and diploma courses.

For Tanzanians, this is the perfect place to find out a lot of stuff for oil and gas industry.

The sad reality is that quality and standard of oil and education in most east African countries including Tanzania are a terrible situation, most people and curriculum are often outdated, not meet the demand of petroleum industry.

That is why foreign entrepreneurs and investors use this challenge to make money, you will be amazed on how foreign companies they swarm to Tanzania to invest oil and gas curriculum development
To check out oil and gas available on Alisona follow this link https://alison.com/search/result/?q=oil+and+gas

Final words
If you have read this article, I congratulate you!

But procrastination is the killer of dreams, don’t say I will start later, you’re the right time to begin to learn new things are now. Oil and gas industry is no guarantee for those who unwilling to learn new things.

Dear reader we love to hear all of these from you:

Interesting Business opportunities In Tanzania oil and natural gas Sectors for Local Entrepreneurs

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Wish to invest in oil and natural gas sector in Tanzania?

You are in the process of learning admirable stuff.

With these immense discovery of natural gas in Tanzania, there is a higher chance for local entrepreneurs and companies to generate abundant wealth in the oil and gas sector.

The article examines  education and training business opportunities in Tanzanian oil and natural gas sector that you can start to day and creat huge wealth.,

Also it explains the reasons why there is huge demand for education and training in oil and gas sector and finally I will explain to you the tips to succeed in this kind of investment.

Read:2-reason-why-east-african-oil-and-gas-industry-could change-global-energy-market

Why is the demand for education and training in Tanzanian oil and natural gas sector
Before we move to the business opportunities in Education and training in natural gas sector in Tanzania is important to have better understanding on the factors that drives the great demand of this business,

Desire to  higher productivity
In order to increase production and efficiency in workplace, both government and private sectors should consider staff training

Having Staff who are well trained in Tanzania natural gas sector is very important as it help most oil and gas project to succeeded at right time and with higher efficiency

Staff training has wider ranges from technical to no technical programmes, including presentation leadership etc.This indicates that demand for this investment is very very huge in Tanzania.

More skilled local workers are required in Tanzania oil and gas sector
According to FootprinttoAfrica Tanzania government has set a goal to train 1,350 graduates in different courses by June next year.

But still Tanzania requires a sizable number of human capital with relevant knowledge and skills in the development and management of the oil and gas sector in order to realize her full potential of the local content in the industry.

So more training are required to locals in order to have sizable number of  labors  that have knowledge and skills relevant to oil and gas.

Tanzanians expect  millions of jobs from oil and gas industry
According Twaweza.organization, Tanzanians expect 4 millions jobs from oil and natural gas sector, this drives more demand for education and training business, as the many Tanzanians are swarming to study courses related to oil and gas industry in order to be employed in this industry.

Educational and training Investment Opportunities in Tanzania’s’ natural gas sector.
The educational and business opportunities that entrepreneur like you or local companies can consider in Tanzanians natural gas sector include the following

Train trainer program
According to the Norwegian agency for development co-operation(NORAD), revealed that among of the challenge that training in oil and gas sector in Tanzania faced is a lack of qualified teaching staff. imgresAs a local entrepreneur.

You can turn this challenge into opportunities by establishing train trainer program. Your job here is to train those college and university tutors in Tanzania so as to ensure they deliver quality education that is relevant to oil and gas industry.

Also, you can go the extra mile by training other people in a national oil company and the ministry of energy as a whole in order to increase efficiency at their work that meet the demand for oil and gas industry.
Curriculum development
Among of specific objectives of 2014 local-content-policy-of-tanzania-for-oil-gas-industry is to enable regional training institution runs requisite curriculum applicable for oil and gas industry.
Currently, we have multiple local institutions that offer oil and gas related courses. We hold the University of Dodoma, University of Dar es Salaam, Mineral Resources institute, the Nelson Mandela Africa institute of science and technology and Earth science institute of Shinyanga.
For entrepreneur like you this is the opportunities to create wealth by fixing this challenge of poor curriculum

Vocational training
Owing to the shortage of vocational training relevant to oil and gas industry in Tanzania, there are not sufficient machine operators, repairmen in Tanzania’s’ natural gas sector. imgresIn order reduces the influx of foreign workers in Tanzanian oil and natural gas sector. The industry will require more local labors to do this job in this oil and gas industry.

Tips to succeed in education and training business in Tanzanian oil and natural gas sector
As you understand venturing into education and training business in oil and gas sector, you must have clear goals and serious consideration.
The following are some tricks required in order to reach your destination
Laws rules and regulations
In Tanzania education and training institution is controlled by government, therefore in order to be successful in this business is better to follow those rules and regulation, interested entrepreneur you should get permit or license from the relevant authority.
Capital
As the capital becomes a popular excuse to countless entrepreneurs, is very bitter if you will find investors and a bank that will be willing to invest into your training idea. Other ways start your education and training business in the oil and gas business at a scale that you afford.
Partnership and alliance is essential in this business
The common challenge in education and training business in oil and gas sector is the experience and knowledge of teachers, the solution of this is partnership or alliance.

You should form partnerships with other foreign based training providers such as university and colleges that have a qualified trainers with knowledge and experience to deliver quality training

For example Germany United Kingdom   they are willing to work closely with private sector to deliver support in training institutions in Tanzania and East Africa as whole

You can also read:what-does-natural-gas-discovery-in-tanzania-mean-for-local-entrepreneurs

Read:6-oil-and-gas-business-opportunity-in-Tanzania

Final Word
Tanzania is the land of unlimited business opportunities, Since the demand of training business in Tanzania natural gas sector is very huge, Entrepreneur like you is right time to accumulate wealth in this  interesting business

5 Things No One Tells You About Tanzania Oil and Gas Workers

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Do you very interested to know numerous things  that Tanzanians who work  in oil and gas companies have in general?

You are about to learn excellent stuff.

Okay, let’s go..!

1: They love what they do
When you talk with Tanzanians who are working in oil and gas companies, they like to talk much concerning their jobs, memorable trips and challenges they face,

What does this imply?
The logic here is very   simple: If they like to talk much about their works this  means   they enjoy their jobs,
You can’t   talk much about the job you hate.

2: They graduate with neither petroleum courses

Most of Tanzania oil and gas workers they don’t have college courses related to oil and gas industry   like petroleum engineering, petroleum geosciences reservoir engineering   petroleum account etc:
They just join petroleum industry with other courses like chemical engineering,  Telecommunication engineering,   Mechanical engineering information technology etc.

3: Have  good academic history
Most of them they have great grades, As you know    many oil and gas   attract  best college students, So, most of them they finished with great grades.

You can also like to read:3 surprising Benefits,and disadvantages of working-in-oil-and gas industry

4: They are enthusiastic to assist others

Most of Tanzania oil and gas workers are ready to assist young and adult professionals who are very eager to know about different issues related to oil and gas industry. They are willing to share knowledge concerning this industry.

5: Strong oral and written communication

I  always talk to Tanzania oil and gas workers or when we do some projects collectively, I surprised with  the way they perform tasks,  they able to communicate well with others  and they have good writing skills.

Final Words
All of the above can be summarized   through the next words, Tanzania oil and gas workers are very smart.

Swala Oil Will Continue Exploration In Tanzania Despite Low Oil Prices

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, Tanzania - Swala Oil and Gas Tanzania will continue with its exploration programs across the country despite a drastic fall in global oil prices which has affected oil share prices globally including Tanzania.

 Tanzania – Swala Oil and Gas Tanzania will continue with its exploration programs across the country despite a drastic fall in global oil prices which has affected oil share prices globally including Tanzania.

 

Speaking shortly after the Annual General Meeting a year since its listing on the Dar es Salaam Stock Exchange (DSE), Swala Chief Executive Officer, David Ridge told reporters that for the past twelve months oil has come down from $130 to $50 a barrel adding that the situation has affected oil share prices everywhere in the world.

Dr Ridge said Swala Tanzania Initial Public Offer (IPO) price of Tsh 500 was the price still in existence since the company listed on DSE stressing that it has maintained the value over the last twelve months.

Read:3 surprising advantages and-disadvantages of oil and gas career

He however noted that, the company has lost 18% to 16% of its share value in the last twelve months explaining that the movement in share prices is global and partly driven by the fluctuating oil prices. “In case oil prices change just like other commodities do that will be reflected in the line share pricing” he said

Ridge noted that, if the market is difficult and share prices are going down investors are obliged to look for other ways of financing and the deal that Swala entered with Tata Petrodyne was one such way of alternatively financing Swala developments.

“Despite the fall of oil prices, Tata was willing to seal the deal that ensured that we will be able to sell some equity to a new participant. In our agreement, Tata will pay us a portion of past costs that will enable us to get an additional $6 million from $7.5 million which will go a long way in financing our operational costs”, said Dr Ridge.

“Tata Petrodyne will also pay part of our drilling costs up to about $4 million to $4.5 million and if we are successful in Kilombero they will pay another $1 million to work on exploration which brings the total value of the deal to stand at $12.5 million. In this regard, we do not have to raisemore equity at the time when the share prices have not come to its ideal prices,” he added.

Swala is the first oil and gas company to list on an East African stock exchange. It is an affiliated company to Swala Energy Limited, a company that is listed on the Australian Securities Exchange (ASX).

Swala holds assets in the world-class East African Rift System with a total net land package in excess of 17,500km2. Swala has an active operational and business development programme to continue to grow its presence in the hydrocarbon provinces of East Africa.

Who will hire Tanzanian Graduates in Oil and Natural Gas Industry Now

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Now is time that some of college students in Tanzania have finished their four years of petroleum engineering, and others three years in petroleum geosciences.

At the same time Tanzanian students who had left the country for oil and gas  studies have reached their graduation date, now back to home.

These graduates are very optimistic to get employment in petroleum companies with six figure starting salary

The fundamental question here is the guy who will hire them now?

Layoffs in petroleum companies are on the horizon. In order to deal with oil slump, petroleum companies have now erased their campaign to attract fresh graduates.

The situation not only bad for recent Tanzanian graduates, but also  many graduates across the world are now sweating.

When I visit Internet oil and gas forum, recent graduates worldwide share their sad stories, they just staying home with parents waiting for the oil price to restore.

Never panic:
Don’t panic this normal to the oil and gas industry,
The best thing I recommend you to do now is uploading your CV in these  job sites for petroleum jobs

Once you have uploaded your CV you become visible to the oil and natural gas companies and recruiting agency, so you raise your chance of searching for the job.

Must Read..5 ways to get job you want in oil and gas industry

Final Words
This is the worst time  for newly graduates, but If petroleum industry is your passion, you will work hard and are gained.