Oil & Gas
Per Second News is the leading source in Nigeria for current news and events for the energy, oil and gas industry.
NUPRC Approves Seplat-ExxonMobil Divestment, Launches “Operation 1 Million”
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given the green light to the Seplat-ExxonMobil divestment application, marking a significant milestone in the...
NNPC Retail Sensitizes Auto Mechanics on CNG Adoption, Unveils Oleum Lubricant Range
NNPC Retail Limited, a subsidiary of NNPC Ltd, has taken a significant step towards promoting cleaner and affordable energy solutions in Nigeria, sensitizing...
NNPC Ltd. reiterates commitment to peace, prosperity in Niger Delta
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reaffirmed its dedication to collaborating with host communities in the Niger Delta region to...
I didn’t ask NNPC Ltd to give up running own refineries – Oil Minister of State, Lokpobiri
Contrary to reports making the rounds, the Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri says he did not direct the Nigerian...
Nigeria faces potential gas supply crisis by 2030, says NUPRC Chief
Nigeria may experience a significant gas supply crisis by 2030, with a potential shortfall of 3.1 billion cubic feet per day, according to...
Oil prices surge by $1 amid Middle East tensions
Oil prices jumped by over a dollar in early trading on Wednesday, fuelled by escalating tensions in the Middle East. Brent futures rose...
Whopping N5.4trn to be saved from petrol subsidy removal in 2024, says Gov. Abiodun
Ogun Gov. Dapo Abiodun has disclosed that the subsidy on fuel, if not curbed by President Bola Ahmed Tinubu, would have cost the...
NNPC Ltd, a responsible, patriotic corporate citizen prioritizing Nigerians’ welfare over profiteering – ex-Presidential spokesman
Imbued by patriotic spirit and well-being of Nigerians, the Nigerian National Petroleum Company Ltd (NNPC Ltd.) has continued to prioritize the welfare of...
Tinubu’s marching order shoots up oil production output to 1.7 mbpd— Soneye
The Nigerian National Petroleum Company Limited (NNPC Ltd ) has announced a significant increase in the country’s crude oil production, from 1.4 million...
NNPC Ltd/TotalEnergies’ $550m Ubeta upstream gas project takes off
The Presidency has announced the take-off of the $550 million upstream gas project between the Nigerian National Petroleum Corporation Limited and TotalEnergies on...
NNPC Ltd and challenges in the oil sector: Banire misconceives the facts, promotes biased views
In the face of the challenges in the oil sector, particularly the current tightness in the supply of petrol, it has become fashionable...
Crude oil contributed N14.56trn to Nigeria’s exports in Q2 2024
Crude oil exports accounted for 74.98 percent of Nigeria’s total export value in the second quarter of 2024, according to the Nigeria Bureau...
In Lagos, architect of Nigeria’s “stolen” crude in China and American businessman Antonio Ramirez jailed 74 years in $1.2m visa scam
For defrauding people of $1.2 million through an EB-5 visa scam and an additional $368,698.24, the Lagos State Special Offences Court sitting in...
NNPC Ltd/Chevron JV Concludes Assets Conversion to PIA Terms
In accordance with the Petroleum Industry Act (PIA) 2021 provisions for transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the...
NNPC Ltd. signs partnership deal with China Engineering Corporation for power project funding
The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has signed a deal with the China Engineering & Machinery Corporation (CMEC) for the co-funding...
NNPC Ltd’s $6bln debt confirms Tinubu’s truthfulness about fuel subsidy removal – Presidency
The Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, has said that the $6 billion owed to oil traders...
