Oil & Gas
Per Second News is the leading source in Nigeria for current news and events for the energy, oil and gas industry.
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...
Nigeria’s UTM Offshore Ltd, three foreign technical partners sign multi-billion dollar agreement for first floating LNG facility
Nigeria’s energy transition programme received a boost on Wednesday with UTM Offshore Limited, an indigenous firm, signing an agreement with three foreign technical...
Oil theft: FG, multinationals must secure nation’s pipelines — Ikpea
Worried by the loss of billions of dollars to crude oil theft in the country, an engineering firm has asked the Federal Government...
Oil prices fall as China signals no change to zero-Covid policy
Oil prices fell on Monday trading after China, the world’s largest crude importer and second-biggest economy, reiterated its commitment to its zero-Covid policy,...
Nigeria’s oil and gas industry leaps forward as protracted dispute on Addax OMLs 123/124, 126/137 blocks resolved
Following an amicable resolution of the protracted dispute on OMLs 123/124, 126/137, operated by Addax Petroleum Nigeria Limited, the management of the Nigerian ...
N90bn public relations expenditure not true, a bush telegraph — NAPIMS
The National Petroleum Investment Management Services (NAPIMS) has described as fake news and product of rumour mill that it spent about N90 billion...
PIA: NNPC Ltd announces appointments of five Executive Vice-Presidents
As part of the ongoing reforms aimed at repositioning it to effectively compete globally, the Nigerian National Petroleum Company Ltd (NNPCL) has announced...
Opec agrees to cut output by 2 million bpd
The 23-member Opec+ alliance agreed to slash its November output by 2 million barrels per day on Wednesday, Persecondnews.com gathered. The decision was made...
Just in: Despite distraught operating environment, NNPCL announces impressive N674.1bn profit in 2021
In spite of the challenging operating environment, the Nigerian National Petroleum Company Ltd (NNPCL) has posted a profit of N674.1 billion for 2021...
Oil prices post first quarterly loss ahead of OPEC + meeting
Global oil prices posted their first quarterly loss in two years at the end of a volatile trading week on Friday, as investors...
Revealed! How ExxonMobil, partners overspent $138bn in decades-long energy projects
Oil and natural gas projects that ExxonMobil invested in between 1998 and 2017 ended up costing $138 billion more than early estimates, possibly...
