Oil & Gas
Per Second News is the leading source in Nigeria for current news and events for the energy, oil and gas industry.
FG to go after petrol scarcity profiteers, says Sylva
The Federal Government has threatened to sanction those profiting from the current petrol scarcity in the country. To this end, it has directed...
Just in: Petrol queues to ease off next week, NNPCL GCEO, Kyari says
Within the next one week, Nigerians will heave a sigh of relief on the artificial petrol scarcity across the country, the Group Chief...
IPMAN backtracks, directs members to resume operations with immediate effect
The Independent Petroleum Marketers Association of Nigeria (IPMAN) in the Northern axis says it has rescinded its earlier decision not to sell petrol...
Pres. Buhari directs termination of Addax contract with NNPC, assets taken over
Backed by the Presidency, the Nigerian National Petroleum Company Ltd says it has terminated the Production Sharing Contract (PSC) with Addax Petroleum Ltd...
NNPC Ltd, Addax Ltd terminate 24-year production sharing contract relationship, assets transferred to NNPC
Three months after the execution of the Addax Transfer, Settlement, and Exit Agreement (ATSEA) for the PSC Oil blocks, OMLs 123/124 & 126/137,...
NNPC discovers oil in Nasarawa, to spud first oil well in March 2023
The Nigerian National Petroleum Company Limited on Friday announced the discovery of oil in Nasarawa State just as it is set to drill...
Crude oil theft, vandalism: Sylva, Kyari, Service Chiefs, others on morale-boosting visit to frontline troops
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has led a high-powered delegation of service chiefs, GCEO of NNPC Ltd, Mele...
NNPC denies exporting 17.877m barrels of crude oil, says it’s yellow journalism
The Nigerian National Petroleum Company Limited (NNPCL) has distanced itself from an online publication report that it exported 17.877 million barrels of crude...
Nigeria’s energy transition plan, recipe for renewed violence — Spaces for Change Executive Director
The Executive Director, Spaces for Change (S4C), Victoria Ibezim-Ohaeri, says the neglect of oil-producing communities in the Energy Transition Plan (ETP) will be...
Oil theft substantially curtailed by new security architecture in Niger Delta — Wunti
Upbeat by the successes being recorded in the fight against crude oil theft and pipeline vandalism, the Chief Investment Officer of the NNPC...
Oil theft figures: Navy did not indict NNPCL, says media report inaccurate, bundle of lies
The Nigerian Navy has described as untrue and concocted tissues of lies a report credited to it that the Nigerian National Petroleum Company...
FG gives details of N625.43bn 13 per cent oil derivation refunds disbursed to 9 oil-producing states
The nine oil-producing states in the country received a total of N625.43 billion 13 percent oil derivation, subsidy and SURE-P refunds from the...
NNPC seals $1.4bn financing deal for Kolmani field project
Barely two weeks after the presidential flag off of the Kolmani oil field site, the first oil drilling in Northern part of the...
Petrol queues: NNPC says ongoing road construction in Lagos hinders access to depots
"The gridlock is easing out and NNPC has programmed vessels and trucks to unconstrained depots and massive loadouts from depots to various states...
Petrol scarcity heightens in Abuja as black marketers now sell N500 per litre
By Samuel Akpan Petrol scarcity in the Federal Capital Territory continued unabated on Tuesday with motorists, two-wheeler and three-wheeler operators spending several hours...
Oil Prices Fall To A Two-Month Low
Oil Prices fell to near two-month lows on Monday as demand concerns emanating from China, the world’s second-largest economy, continue to weigh on...
