Oil & Gas
Per Second News is the leading source in Nigeria for current news and events for the energy, oil and gas industry.
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...
NIES 2022: Wunti Bags Ministerial Award for Outstanding Performance
The Group General Manager, National Petroleum Investment Management Services (NAPIMS), Engr. Bala Wunti, has been honoured with Ministerial Award for Outstanding Performance...
Biden administration officials in Venezuela to discuss easing oil sanctions
Officials of Biden administration are currently in Venezuela to discuss easing sanctions on oil imports from the country as US finalize plans...
Oil prices skyrocket as US threatens ban on Russian crude
Oil prices soared above $130 a barrel in early trading on Monday, their highest since 2008, after the US said it is...
NNPC records ₦37.5bn trading surplus in September 2021 — Report
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a trading surplus of ₦37.50 billion for September 2021, representing a...
Petrol queue buster: NNPC releases additional 381.88m litres, cautions against panic-buying
In continuation of its intervention and petrol queue buster, the Nigerian National Petroleum Company Ltd (NNPC Ltd) says it is releasing additional...
$2.1tn targeted globally on renewable energy in 2022, says Wunti, NAPIMS boss
He said: “$2.1 trillion is expected to be spent on renewable energy in the year 2022. All to fund renewable; That is three...
Energy transition has gulped $755bn globally as Nigeria is in transiting period – Wunti
The Group General Manager, National Petroleum Investment Management Services (NAPIMS), Engr. Bala Wunti, says Nigeria is in energy transiting period just as he...
Strategic economic collaboration across the Gulf of Guinea, Nigeria signs MoU with Equatorial Guinea to supply gas
As part of strategic economic collaboration across the Gulf of Guinea, Nigeria has signed a landmark Memorandum of Understanding (MoU) with...
LNG global trade rises 6% in 2021
The global trade in Liquefied natural gas rose 6 per cent to 380 million tonnes in 2021 on the back of higher...
Oil Prices Hit $100, Russia Speaks Out
Oil prices hit a fresh seven-year high and Brent hit $99 a barrel early on Tuesday amid an escalation in the...
