Oil & Gas

Per Second News is the leading source in Nigeria for current news and events for the energy, oil and gas industry.

Oil Hits $112 per Barrel as Nigeria’s Petrol Prices Climb

Crude oil prices have surged to above $112 per barrel as the Iran-United States-Israel war escalation entered day 21 on Saturday amid a...

It’s Now N1,245 per Litre: Dangote Refinery Implements 4th Petrol Price Hike in 3 Weeks

For the fourth time in March, Dangote Refinery has hiked petrol prices, citing global instability as the primary driver. According to a Friday...

Nigeria’s Oil Output Declines Sharply in February Amid Persistent Challenges

Nigeria’s total hydrocarbon output, comprising crude oil and condensates, saw a sharp 9% month-on-month contraction in February 2026. According to the latest data...

Nigeria Secures ₦1.71trn Trade Surplus in Q4 2025 as Crude Oil Shipments Decline

Nigeria closed out the final quarter of 2025 with a healthy trade surplus amounting to ₦1.71 trillion, even as overall export volumes slipped,...

Global Oil Prices Plunge to $90 per Barrel as Middle East Tensions Show Signs of Easing

Crude oil rates experienced their first downturn since the Middle East hostilities erupted, sliding to $90 per barrel on Tuesday amid shifting market...

Third Hike in a Week: Dangote Refinery Raises Petrol to N1,175, Diesel to N1,620

For the third time in a single week, the Dangote Refinery has raised fuel prices, with petrol now at ₦1,175/litre and diesel at...

Just In: Dangote Refinery Raises Petrol Price to N995 as Global Crude Soars

The Dangote Petroleum Refinery has adjusted its Premium Motor Spirit (PMS) gantry price upward to N995 per litre, marking a significant N221 increase...

Tinubu Ends 15-Year OPL 245 Dispute, Unlocks $Billions in Deepwater Investment as Verheijen’s Energy Diplomacy Pays Off

President Bola Ahmed Tinubu has secured a historic breakthrough in Nigeria’s oil and gas sector with the successful resolution of the long-running dispute...

Global Energy Crisis: Trump Counters Iranian Blockade, Deploys U.S. Navy Escorts, Federal Insurance

In a dramatic escalation of the burgeoning conflict in the Middle East, U.S. President Donald Trump has moved to provide a cushioning effect...

Dangote Refinery Hikes Petrol Price to N875

Petrol prices at the Dangote Refinery have jumped to N875 per litre, a significant N101 increase from the previous N774 rate. This move,...

Fire Forces Shutdown at Saudi Arabia’s Key Oil Refinery Amid Escalating Regional Conflicts

Saudi Arabia’s national oil giant, Aramco, has temporarily halted operations at its massive Ras Tanura refinery after a blaze ignited by remnants from...

Dangote Refinery Poised to Deliver 60-65 Million Litres of Petrol Daily

Nigeria’s energy landscape is shifting as the Dangote Petroleum Refinery prepares to supply 60 to 65 million litres of petrol (PMS) daily—enough to...

Tinubu strips NNPC of billions in sweeping oil revenue shake up

President Bola Ahmed Tinubu has issued a sweeping executive order that could fundamentally reshape Nigeria’s oil revenue architecture, stripping the Nigerian National Petroleum...

NNPC Ltd Smashes Records with N5.76trn 2025 Profit-After-Tax

The Nigerian National Petroleum Company (NNPCL) Limited has disclosed a substantial profit-after-tax of N5.76 trillion for the 2025 financial year, highlighting a strong...

Gas Supply Facility Maintenance Will Affect Power Generation, NISO Warns

By Joycelyn Ellakeche Adah Electricity generation across the country may dip temporarily as scheduled maintenance on a major gas supply facility disrupts fuel...

Otedola Lauds Dangote Refinery’s Historic 650,000 bpd Milestone in Achieving Full Output

Billionaire and philanthropist Femi Otedola has extended heartfelt congratulations to Aliko Dangote, the President of the Dangote Group, following the announcement that the...