Oil & Gas

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

NNPC targets 50bn barrels of hydrocarbon reserves as Buhari flags off oil well in Nasarawa

President Muhammed Buhari on Tuesday flagged off the official commencement of the first exploration and oil drilling activities in Nasarawa State. Speaking at...

Another crisis rocks Seplat Energy as it terminates consultancy agreement with ex-chairman

An end is not in sight yet to the crisis rocking Seplat Energy as its Board of Directors unanimously terminated the consultancy agreement...

More troubles for Seplat Energy Plc CEO, Roger Brown, as group demands his prosecution in court

A human rights and good governance advocacy group – Make A Difference Initiative (MADI) – has called on the Federal Government to prosecute...

Aramco’s profit soars 46% to record $161bn on higher oil prices

Saudi Arabia’s Aramco the world’s largest oil-exporting company, said annual net profit surged 46 per cent in 2022, driven by higher oil prices Amin...

Allegations of sabotage against NNPCL Vice-President, Adokeiye, baseless, tissues of lies

The allegations of oil facilities sabotage levelled against the Executive Vice-President of of the Nigerian National Petroleum Corporation Limited (NNPCL), Mr Tombomeiye Adokeiye,...

After revocation of his work visa, and residence permits, court sacks Seplat CEO

After the revocation of his work, visa, and residence permits, the CEO of Seplat Energy Plc, Mr Roger Brown, has been restrained from...

NNPC Ltd leveraging gas as transition and destination fuel, deploying gas for electrification, domestic industries exports — Chief Upstream Investment Officer, Bala Wunti

The Nigerian National Petroleum Company Ltd’s shift from production of oil with associated gas to the production of gas with associated oil will...

Nigeria’s crude output to hit OPEC’s 1.8m barrels per day — Kyari, says NNPC is winning oil theft war, combating crude losses

Nigeria’s crude oil production output is steadily growing and it is expected to hit the 1.8 million barrels per day OPEC quota, according...

Just in: Crude oil losses: Minister’s aide retracts statement, calls it media publication error

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has distanced himself from a statement credited to him that theft and pipeline...

Petrol subsidy now hit N400bn monthly, says Mele Kyari

The Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Malam Mele Kyari, has disclosed that the amount spent as...

FG to go after petrol scarcity profiteers, says Sylva

The Federal Government has threatened to sanction those profiting from the current petrol scarcity in the country. To this end, it has directed...

Just in: Petrol queues to ease off next week, NNPCL GCEO, Kyari says

Within the next one week, Nigerians will heave a sigh of relief on the artificial petrol scarcity across the country, the Group Chief...

IPMAN backtracks, directs members to resume operations with immediate effect

The Independent Petroleum Marketers Association of Nigeria (IPMAN) in the Northern axis says it has rescinded its earlier decision not to sell petrol...

Pres. Buhari directs termination of Addax contract with NNPC, assets taken over 

Backed by the Presidency, the Nigerian National Petroleum Company Ltd says it has terminated the Production Sharing Contract (PSC) with Addax Petroleum Ltd...

NNPC Ltd, Addax Ltd terminate 24-year production sharing contract relationship, assets transferred to NNPC

Three months after the execution of the Addax Transfer, Settlement, and Exit Agreement (ATSEA) for the PSC Oil blocks, OMLs 123/124 & 126/137,...

NNPC discovers oil in Nasarawa, to spud first oil well in March 2023

The Nigerian National Petroleum Company Limited on Friday announced the discovery of oil in Nasarawa State just as it is set to drill...