Oil & Gas

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

Nigeria’s GDP set to grow by $3bn as NNPCL, Indorama seal pact on gas supply

In its bid to reposition Nigeria as one of the largest producers of Urea in the western hemisphere, the Nigerian National Petroleum Company...

Breaking: Shake up in NNPCL: Three Executive Vice-Presidents retired, replacements named

Some sweeping changes have been made in the management of the Nigerian National Petroleum Company Limited (NNPCL) with the exit of three Executive...

NNPCL retail made N18.4bn profit in Q1 of 2023 from OVH Energy acquisition – Mele Kyari

NNPC Retail has made N18.4 billion in the first quarter of 2023 after acquiring OVH Energy, the Group Chief Executive Officer of the...

Smuggled Iranian Oil Enroute To China Seized By The US

The U.S. authorities seized nearly 1 million barrels of Iranian oil that were being illegally smuggled  to China earlier this year, reports have...

NNPC Ltd not against sale of shares of Agip Oil to Oando — Muhammad

The Nigerian National Petroleum Company Ltd (NNPCL) says it is not opposed to the sale of the Nigerian Agip Oil Company Limited (NAOC)...

Nigeria now pumps1.67m barrels of crude oil, condensates daily — NNPCL GCEO, Kyari

Nigeria has raised its daily output of barrels of oil and condensates from a million to 1.67 million, Mr Mele Kyari, NNPCL Group...

Fight against crude theft: NSA lauds service chiefs, ministers, NNPCL leadership, community security contractors, others

The National Security Adviser, retired AIG Nuhu Ribadu, has commended the spirited efforts of the government security forces, community security contractors, and the...

Port Harcourt refinery back on stream in December, Warri, Kaduna follow in 2024, says Minister, Lokpobiri

“Warri will come on stream by the end of the first quarter of next year, and Kaduna will also come on board towards...

Oil Prices Under Pressure Across The Globe As Economic Concerns Mount

Oil prices fell in Asian trading early on Thursday, losing ground for a fourth consecutive day, as market participants are concerned about the...

BREAKING: Relief for Naira as NNPCL Ltd secures $3bn crude repayment Afrexim Bank loan

In a bid to salvage and stabilize the exchange rate and shore up the value of the Naira, the Nigerian National Petroleum Company...

One dead, three missing as Seplat Oil rig collapses

One person has been confirmed dead while three others are missing as Seplat ‘Majestic’ Oil rig collapsed near Ovhor in Delta State The...

No plan to increase petrol pump price — NNPCL

Amid speculations of increase in pump price of petrol and threat by the Organized Labour to embark on industrial action over any further...

6 things you should know about groundbreaking of NNPCL 1,350 MW Gwagwalada Independent Power Plant Project

President Bola Ahmed Tinubu.on Friday performed the groundbreaking of the Nigerian National Petroleum Company Limited (NNPCL) 1,350 MW Independent Power Project at Gwagwalada...

Clean energy: NNPCL to bolster its gas development, transportation projects — Kyari

In a bid to attain United Nations Sustainable Development Goal (SDG) Goal 7 of clean energy, the Group Chief Executive Officer of the...

NNPCL’s post-PIA consolidation deals, crude oil production benchmark, foreign investment, freeing the entity from govt. control: An assessment

Prior to the inauguration of the Petroleum Industry Bill (PIB) and its signing into law, the nation’s oil industry was a cesspool of...

Cooking gas price set to crash as NNPCL partners UTMOL

“The collaborative initiative will result in the creation of 3,000 direct employment and an additional 4,000 indirect employment” In its bid to make...