Oil & Gas
Per Second News is the leading source in Nigeria for current news and events for the energy, oil and gas industry.
NNPC’s signing of new PSCs‘ll unlock opportunities in Upstream Sector, boost Direct Foreign Investment inflow
Barely a month after the unveiling of Nigerian National Petroleum Company Ltd (NNPC Ltd) by President Muhammadu Buhari, the company on Saturday announced...
Africa will decide its energy future – Obasanjo
JOHANNESBURG, South Africa, — In the midst of a global oil and gas crisis, Africa must take charge of its own energy destiny,...
Seplat/ExxonMobil $100m Bribery Gate: Heads may roll as Pres. Buhari orders investigation.
A $100 million bribe shared among top officials to secure the Federal Government’s botched approval in the share acquisition deal between Seplat Energy...
Presidential approval for Seplat’s acquisition of Exxon Mobil shares not true, says NUPRC
Contrary to some media reports on Monday about President Muhammadu Buhari’s approval of the acquisition of the shares of Exxon Mobil by Seplat...
Breaking: PENGASSAN, Addax Petroleum Branch, suspends ongoing strike
Orders normalcy be restored across all locations including OML 123, 124, 126 and 137 immediately
NNPC Ltd now responsive, accountable private company ready to deliver value, dividends to shareholders, says GCEO Kyari
With the transition of the Nigerian National Petroleum Corporation (NNPC) to the Nigerian National Petroleum Company Limited on Tuesday, the company has now...
45 years inception: Buhari records milestone as NNPC transforms to limited liability company
After 45 years of its inception, the Nigerian National Petroleum Corporation (NNPC) on Tuesday recorded a milestone by transiting into a full-blown commercial...
Nigeria to exit petrol importation soon, says Wunti, NAPIMS boss
He said rather than trying to replace hydrocarbons in Nigeria’s energy transition, the nation’s focus is on how hydrocarbons are delivered in a clean,...
NAPIMS GGM, Wunti, in New York, throws Nigeria’s huge gas reserves of 450 QBTU at investors
``It will unlock a lot of investment and therefore the investing communities are very much cordially invited to this investment destination in Africa,’’...
Ex-Aramco executive appointed as first woman on Saudi Central Bank board
Ms Al-Rowaily has served in different trading and investment roles at Aramco for more than 20 years. She joined the world’s largest oil-producing...
Saudi Aramco’s quarterly profit up 81% to $40bn
The world’s largest oil producing company, said first-quarter net profit surged about 82 per cent on higher oil prices as well as...
NASS raises petrol subsidy from N3.5trn to N4trn, approves new fiscal framework for 2022
The National Assembly on Thursday passed amendments to the 2022 Appropriation Act, raising the petrol subsidy from N3.557 trillion to N4 trillion for...
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...
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...
Oil theft has reduced Nigeria’s oil production to less than 1.5m barrels per day, says NNPC GMD, Mele Kyari
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Ltd, Malam Mele Kyari, has expressed concern over Nigeria’s inability to increase...
Large-scale pipeline vandalism, crude oil thievery in billions of dollars ongoing in Niger Delta – NNPC GMD, Kyari, raises alarm
Says disruption in the region had brought down oil production with the country lifting less than 1.5 million barrels per day
