Oil & Gas
Per Second News is the leading source in Nigeria for current news and events for the energy, oil and gas industry.
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
Upstream Sector: Wunti lauds Oil Minister, NNPC GMD, Kyari for operation cost reduction initiatives
The Group General Manager of National Petroleum Investment Services (NAPIMS), Mr Bala Wunti, says the inauguration of the Nigerian Cost Optimization Programme by...
FG decries rising crude oil theft, says $3.27bn lost to oil thieves in 14 months
The Federal Government has expressed worry over the high rate of crude oil theft in the Niger Delta. It added that the high-level...
NNPC frowns at Auditor General’s report of “missing” 22,929.84 litres of petrol, says lost to pipeline vandals
Following the queries by the Auditor General of the Federation (AuGF), Mr Adolphus Aghughu, that the Nigerian National Petroleum Company Ltd (NNPC) had...
No plan to increase ex-depot price of petrol, say FG, NNPC
In a bid to address the high prices of diesel in the country and transportation challenges in distributing petroleum products, the Minister of...
Nassarawa Varsity celebrates, lauds NNPC GMD Kyari’s track record, to confer honorary Doctorate degree on him
In recognition and acknowledgment of his remarkable contributions to nation-building particularly the oil and gas sector of the economy, the Group Managing Director/CEO...
Nigeria boasts of abundant natural gas to meet European gas demands, says Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has called on the U.S. Government to support the funding of natural gas...
