Oil & Gas

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

Just In: NNPC Posts Record N5.4trn Profit in 2024, Revenue Hits N45.1trn

The Nigerian National Petroleum Company Limited (NNPCL) has announced a staggering profit after tax (PAT) of N5.4 trillion for 2024, marking a significant...

NNPC Ltd. Calls for Strategic Partnerships to Unlock Downstream Sector Potential

The Nigerian National Petroleum Company Limited (NNPC Ltd) has restated the crucial need for strategic partnerships to unlock value, drive sustainability, and accelerate...

Shell Invests $2bln in Nigeria’s Offshore Gas Project

Global energy giant Shell has announced a $2 billion investment in the development of the HI Field, a shallow offshore Non-Associated Gas project...

Nigeria’s Crude Oil Production Drops to 1.39m BPD – OPEC

Nigeria’s crude oil production declined to 1.39 million barrels per day (bpd) in September 2025, according to the latest Monthly Oil Market Report...

NNPCL, Sahara Group, Eroton Commission Wholly Owned FSO Floating Vessel

The Nigerian National Petroleum Company (NNPC) Limited has partnered with Sahara Group, Eroton E&P, and Bilton Energy to commission the country’s first wholly...

Cooking Gas Price Surge: NNPCL Blames PENGASSAN Strike

A recent sharp increase in the price of liquefied petroleum gas (LPG), or cooking gas, is creating financial difficulties for many Nigerians. The...

Court Halts PENGASSAN Strike Against Dangote Refinery

The National Industrial Court in Abuja has restrained the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) from continuing its nationwide...

NNPC, NUPRC, NMDPRA shut as PENGASSAN begins strike

The nationwide strike declared by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Monday completely paralysed operations across Nigeria’s...

FG Intervenes in Dangote Refinery Dispute with PENGASSAN

The Federal Government has intervened in the ongoing dispute between Dangote Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria...

Dangote Refinery Slams PENGASSAN’s Supply Cut Directive as “Economic Sabotage”

Dangote Refinery has strongly condemned the directive by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) to cut off crude...

PENGASSAN Directs Members to Cut Off Gas Supply to Dangote Refinery

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has instructed its members to immediately stop providing gas to the Dangote...

NNPC Ltd Sees Ogoni Re-entry as Beacon of Reconciliation

The Nigerian National Petroleum Company Limited (NNPC Ltd) has hailed the Ogoni re-entry as a historic milestone that showcases Nigeria’s commitment to reconciliation,...

NUPRC Approves TotalEnergies’ $510m Sale of Stake in OML 118 to Shell, Agip

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially approved TotalEnergies Exploration and Production Nigeria Limited’s plan to sell its entire 12.5% stake...

NNPCL Names Odeh, Adewunmi to Head Communications, Relations Departments

The Nigerian National Petroleum Company Limited (NNPCL) has announced the appointments of two senior executives to lead its communications and stakeholder engagement efforts....

Nigeria’s Excess Crude Account Sees Marginal Growth – AGF Ogunjimi

The Accountant-General of the Federation, Shamseldeen Ogunjimi, has revealed that Nigeria’s Excess Crude Account (ECA) balance has increased to $535,823.39 as of August....

Nigeria’s Oil Output Hits Six-Month High, Reaches 1.7mbpd

Nigeria’s oil production has reached a new six-month high, averaging 1.71 million barrels per day (mbpd) in July 2025. This represents a significant...