Oil & Gas

Per Second News is the leading source in Nigeria for current news and events for the energy, oil and gas industry.

Oil prices jump on escalating crises in Middle East

Oil prices jumped on Friday while Asian markets tumbled, with global investors worrying about an escalation in conflict in the Middle East after...

MAN, marketers, other stakeholders laud Dangote’s slashing of diesel price to N1,000/litre

The decision by Dangote Petroleum Refinery to reduce the price of diesel from N1,200 to N1,000 per litre has been commended by marketers...

Gas critical to driving economic growth, industrial development — NNPCL GCEO, Kyari

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Mele Kyari, has reiterated the crucial role of...

War against oil theft: Tug boat conveying illegal diesel arrested, 115 oil thefts in one week – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) says a tugboat conveying suspected illegally refined Automotive Gas Oil, popularly called diesel, has been apprehended...

Reduction of petrol pump price: It’s bush telegraph, says NNPCL’s spokesman, Soneye

The Nigerian National Petroleum Company Limited (NNPCL) has denied reports making the rounds that it has authorized the downward review of fuel prices...

Transparency, Research, Innovation Driving NNPC Ltd.’s Transformation – EVP Gas, Power, & New Energy

The Executive Vice President, Gas, Power, and New Energy of the Nigerian National Petroleum Company Ltd., Mr. Olalekan Ogunleye, has identified transparency, accountability,...

NNPC Ltd. will use gas to trigger Nigeria’s industrialization, economic development – EVP Upstream, Eyesan

The Nigerian National Petroleum Company (NNPC) Ltd. has reiterated its commitment to utilizing Nigeria’s abundant gas resources to trigger Nigeria’s industrialization and economic...

Kyari calls for differentiated energy transition for Africa

As global calls for transition to cleaner energy fuels continue to grow, the Group Chief Executive Officer of Nigerian National Petroleum Company Limited...

Quit phasing out oil and gas across the world, reset strategy that focuses on reducing emissions – Saudi Aramco CEO

The world should give up on the idea of phasing out oil and gas as energy transition is failing, Saudi Aramco CEO, Amin...

Tinubu signs three executive orders to incentivize nation’s oil and gas projects

President Bola Tinubu has signed three new executive orders in the oil and gas sector to introduce fiscal incentives for related projects, reduce...

Tantita, NSCDC, destroy illegal large oil store in riverine area of Ondo State

The Nigerian Security and Civil Defence Corps (NSCDC) and Tantita Security Services Nigeria Limited, a private security company, have thwarted attacks from alleged...

NNPC Ltd, OPEC pledge collaboration to attract investments, grow production

The Nigerian National Petroleum Company Limited (NNPCL) and the Organization of the Oil Exporting Countries (OPEC) have pledged to work closelyto achieve the...

Port Harcourt refinery to start producing 2.2m litres of diesel, petrol daily soon – FG

The Federal Government has announced that the Port-Harcourt Refinery is gearing up to start generating two million litres of Premium Motor Spirit (petrol)...

NNPCL GCEO Kyari Hinges Wealth Creation on Energy Security

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Mele Kyari, says no public wealth creation endeavour can...

Nigeria’s oil exports rose by 60.8% in Q3 of 2023 – OPEC

The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that oil exports increased astronomically by 60.8% in the third quarter of 2023. According...