Oil & Gas
Per Second News is the leading source in Nigeria for current news and events for the energy, oil and gas industry.
Monthly N250bn subsidy robs Nigeria of N3trn revenue annually from NNPC Ltd, says Finance Minister
The Nigerian National Petroleum Company Ltd (NNPC Ltd) is incapacitated to remit about N3 trillion yearly into the Federation Account because of...
PIA will bolster Nigeria’s oil & gas industry, promote transparency, attract capital flows — Wunti
With the operationalization of the Petroleum Industry Act (PIA), Nigeria’s oil and gas industry is set for a revolution, so says the Group...
Oil prices near $80 as US set to release 50mn barrels of oil to ease energy costs
Oil prices steadied near $80 a barrel on Tuesday after the United States announced plans to release up to 50 million barrels of...
Africa’s top crude oil producer: Libya overtakes Nigeria
With Libya’s oil production rising to 1.24 million bpd in October, it appears the North Africa country has overtaken Nigeria as Africa’s...
NNPC under Kyari’s helmsmanship has been transformed, says PPRAC
The Public Policy Research & Analysis Centre (PPRAC) has lauded the GMD/CEO of NNPC Ltd, Mallam Mele Kyari with the Zik Leadership...
Nigeria, Angola, other Oil exporting countries set to see large surpluses in 2022 as crude prices increase
Oil exporting countries across the globe will have large surpluses in 2021 and 2022 as higher crude prices lead to more revenues...
Ikeja gas pipeline leakage: NNPC allays fears, says pipeline now isolated
The Nigerian National Petroleum Company Ltd has allayed the fears of the public about gas pipeline leakage in the early hours of Wednesday...
NNPC spokesman tells Nigerians to stop panic-buying, says there isn’t a shortage of petroleum products
The Group general manager of the NNPC’s public affairs division, Mr. Garba Deen Muhammad Tuesday demanded Nigerians stop panic-buying fuel when they...
PIA: FG winds down DPR, PPPRA and PEF as successor-agencies take over
…CEOs sacked, workers to be absorbed In line with the provisions of the Petroleum Industry Act (PIA), the Department of Petroleum...
Nigeria boasts of 36bn barrels of crude oil reserves, 200 trn cubic feet of gas as NNPC commits to country’s energy sector success
“With its strategic presence at the event, Nigeria is set to consolidate its position as one of Africa’s top oil and gas producers”...
Crude oil, gas worth $219.75m exported in May 2021, says NNPC
The Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas export sales of $219.75m in May...
Petroleum Industry Act: Pres. orders incorporation of Nigerian National Petroleum Company Ltd
In furtherance to the implementation of the Petroleum Industry Act 2021, President Muhammadu Buhari, has directed the incorporation of the Nigerian National...
Bank of America Says Oil Prices Could Climb Above $100
The price of oil could hit $100 per barrel over the next six months If winter temperatures in the northern hemisphere turn...
Rebound Tipped For Global Oil Demand
After three consecutive months of declines due to the Delta variant, global oil demand is set to rebound with a 1.6-million-bpd jump...
Accountability: NNPC consolidates gains, complies with Buhari’s directive, publishes 2020 Audited Financial Statements
In compliance with President Muhammadu Buhari’s directive and its statutory requirement, the Nigerian National Petroleum Corporation (NNPC) has published its Audited Financial Statements (AFS) on...
NNPC GMD’s transformation agenda excites DPR boss
The Director of the Department of Petroleum Resources (DPR), Mr Sarki Auwalu has hailed the transformative initiatives of the Group Managing Director...
