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Oil & Gas
Per Second News is the leading source in Nigeria for current news and events for the energy, oil and gas industry.
NNPC GMD, Kyari, seeks special court for oil theives
The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Ltd, Malam Mele Kyari, has called for a special court to try crude oil theft cases in the country.
Kyari made…
Oil prices fall below $100 a barrel after IEA release
Oil prices dropped on Friday, falling below $100 a barrel, as China, the International Energy Agency IEA. co-ordinated a second release from its emergency stockpile that will add 60 million…
Oil theft has reduced Nigeria’s oil production to less than 1.5m barrels per day,…
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Ltd, Malam Mele Kyari, has expressed concern over Nigeria’s inability to increase crude oil production due…
Large-scale pipeline vandalism, crude oil thievery in billions of dollars ongoing in…
Says disruption in the region had brought down oil production with the country lifting less than 1.5 million barrels per day
Upstream Sector: Wunti lauds Oil Minister, NNPC GMD, Kyari for operation cost…
The Group General Manager of National Petroleum Investment Services (NAPIMS), Mr Bala Wunti, says the inauguration of the Nigerian Cost Optimization Programme by the Minister of State for…
FG decries rising crude oil theft, says $3.27bn lost to oil thieves in 14 months
The Federal Government has expressed worry over the high rate of crude oil theft in the Niger Delta.
It added that the high-level cases of oil theft have become a threat to the country’s…
NNPC frowns at Auditor General’s report of “missing” 22,929.84 litres of…
Following the queries by the Auditor General of the Federation (AuGF), Mr Adolphus Aghughu, that the Nigerian National Petroleum Company Ltd (NNPC) had failed to account for about…
No plan to increase ex-depot price of petrol, say FG, NNPC
In a bid to address the high prices of diesel in the country and transportation challenges in distributing petroleum products, the Minister of State for Petroleum Resources, Chief Timipre…
Nassarawa Varsity celebrates, lauds NNPC GMD Kyari’s track record, to confer honorary…
In recognition and acknowledgment of his remarkable contributions to nation-building particularly the oil and gas sector of the economy, the Group Managing Director/CEO of the Nigerian…
Nigeria boasts of abundant natural gas to meet European gas demands, says Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has called on the U.S. Government to support the funding of natural gas development in Nigeria as an alternative source of…
NIES 2022: Wunti Bags Ministerial Award for Outstanding Performance
The Group General Manager, National Petroleum Investment Management Services (NAPIMS), Engr. Bala Wunti, has been honoured with Ministerial Award for Outstanding Performance for…
Biden administration officials in Venezuela to discuss easing oil sanctions
Officials of Biden administration are currently in Venezuela to discuss easing sanctions on oil imports from the country as US finalize plans to sanction Russian crude.
Both sides…
Oil prices skyrocket as US threatens ban on Russian crude
Oil prices soared above $130 a barrel in early trading on Monday, their highest since 2008, after the US said it is considering banning the import of Russian crude and is…
NNPC records ₦37.5bn trading surplus in September 2021 — Report
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a trading surplus of ₦37.50 billion for September 2021, representing a 352% increase from the…
Petrol queue buster: NNPC releases additional 381.88m litres, cautions against…
In continuation of its intervention and petrol queue buster, the Nigerian National Petroleum Company Ltd (NNPC Ltd) says it is releasing additional 381.88 million litres of Premium…
$2.1tn targeted globally on renewable energy in 2022, says Wunti, NAPIMS boss
He said: “$2.1 trillion is expected to be spent on renewable energy in the year 2022. All to fund renewable; That is three times what we spent to fund renewable energy last year. Therefore…