Oil & Gas
Per Second News is the leading source in Nigeria for current news and events for the energy, oil and gas industry.
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...
Why Nigeria’s oil and gas is less attractive to investors – Wunti, GGM, NAPIMS
The Group General Manager, the National Petroleum Investment Services (NAPIMS), Bala Wunti, has identified factors that make Nigeria’s oil and gas industry...
Fuel situation: NANS urges understanding, cooperation with NNPC to normalize supply chain
As the fuel supply situation is being pursued with vigour by the Nigerian National Petroleum Company Ltd and its subsidiary, the...
Fuel queues set to disappear as NNPC imports, takes delivery of 300m litres
To put an end to the long petrol queues being experienced in some parts of the country, the...
NNPC Ltd generates ₦2.61trn, petrol contributes 99.76% from August 2020 to August 2021 — Report
A total revenue of ₦2.61 trillion with petrol contributing about 99.76% was generated from the sales of white products from August...
Discovery of petrol with methanol: NMDPRA withdraws product, increases supply nationwide
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it has intensified efforts at increasing the supply of petrol into the...
BP records highest profit in last eight years
The London based BP oil company has seen its profits surge to the highest in almost a decade, thanks to rising crude and...
