Oil & Gas
Per Second News is the leading source in Nigeria for current news and events for the energy, oil and gas industry.
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...
3 dead after Argentina oil refinery explosion; 11 injured
An Argentinian oil refinery exploded about 1,200 kilometres south of Buenos Aires, killing three people and leaving about a dozen others injured, Per...
Nigeria’s multi-billion dollar gas project: NNPCL in talks with U.S., DFC, other development finance, export institutions – Mele Kyari
The Group CEO of Nigeria National Petroleum Company Ltd, Malam Mele Kyari, said in New York, United States, that the company is in...
Nigeria-Morocco gas pipeline project will reduce Africa’s carbon emission, says Kyari, NNPCL GCEO
The Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd (NNPCL), Malam Mele Kyari, has said that the Nigeria-Morocco Gas Pipeline...
Port Harcourt refinery to become functional by December 2022- Sylva
Barring any hitch, the ongoing rehabilitation work on the 60,000 barrels-per-day capacity Port Harcourt refinery will be completed by December this year and...
TotalEnergies sells 18% Sarsang onshore stake in Iraq oilfield for $155m
TotalEnergies has sold its 18 per cent stake in the Sarsang onshore oilfield in the Kurdistan region of Iraq to ShaMaran Petroleum for...
NNPCL set to seal $25bn 7,000km gas pipeline deal with Morrocco, ECOWAS
The Nigerian National Petroleum Company Ltd (NNPCL) is to sign a Memorandum of Understanding (MoU) on a 7,000km gas pipeline project with National...
