Oil & Gas

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

Opec agrees to cut output by 2 million bpd

The 23-member Opec+ alliance agreed to slash its November output by 2 million barrels per day on Wednesday, Persecondnews.com gathered. The decision was made...

Just in: Despite distraught operating environment, NNPCL announces impressive N674.1bn profit in 2021

In spite of the challenging operating environment, the Nigerian National Petroleum Company Ltd (NNPCL) has posted a profit of N674.1 billion for 2021...

Oil prices post first quarterly loss ahead of OPEC + meeting

Global oil prices posted their first quarterly loss in two years at the end of a volatile trading week on Friday, as investors...

Revealed! How ExxonMobil, partners overspent $138bn in decades-long energy projects

Oil and natural gas projects that ExxonMobil invested in between 1998 and 2017 ended up costing $138 billion more than early estimates, possibly...

3 dead after Argentina oil refinery explosion; 11 injured

An Argentinian oil refinery exploded about 1,200 kilometres south of Buenos Aires,  killing three people and leaving about a dozen others injured, Per...

Nigeria’s multi-billion dollar gas project:  NNPCL in talks with U.S., DFC, other development finance, export institutions – Mele Kyari

The Group CEO of Nigeria National Petroleum Company Ltd, Malam Mele Kyari, said in New York, United States, that the company is in...

Nigeria-Morocco gas pipeline project will reduce Africa’s carbon emission, says  Kyari, NNPCL GCEO

The Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd (NNPCL), Malam Mele Kyari, has said that the Nigeria-Morocco Gas Pipeline...

Port Harcourt refinery to become functional by December 2022- Sylva

Barring any hitch, the ongoing rehabilitation work on the 60,000 barrels-per-day capacity Port Harcourt refinery will be completed by December this year and...

TotalEnergies sells 18% Sarsang onshore stake in Iraq oilfield for $155m

TotalEnergies has sold its 18 per cent stake in the Sarsang onshore oilfield in the Kurdistan region of Iraq to ShaMaran Petroleum for...

NNPCL set to seal $25bn 7,000km gas pipeline deal with Morrocco, ECOWAS

The Nigerian National Petroleum Company Ltd (NNPCL) is to sign a Memorandum of Understanding (MoU) on a 7,000km gas pipeline project with National...

Nigeria loses $700m monthly to monstrous oil theft in Niger Delta — NNPC

The monstrous oil theft and security challenges in the Niger Delta area of the country has cost a huge loss if 470,000 barrels...

NNPC deploys state-of-the-art surveillance technology, tracks crude oil theft, vandalism

As Nigeria continues to grapple with crude oil theft and pipeline vandalism with its attendant effects on the economy, the Nigerian National Petroleum...

Nigeria’s average daily petrol supply is 68m litres, NNPC insists

The Nigerian National Petroleum Company Limited (NNPC Ltd) has restated that the total volume of Premium Motor Spirit (petrol) imported into the country...

Russia completely and partially cut off 13 EU countries from gas

No fewer than 13 EU countries have either completely stopped receiving Russian gas or are partially cut off from it following Russia’s closure...

Nigeria‘ll stop importing petrol mid-next year, Mele Kyari assures

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Malam Mele Kyari, has disclosed that Nigeria will end...

Energy Security: FG floats National Oil Reserve Company on Build, Operate and Transfer arrangement —  GCEO, NNPC, Kyari

A National Oil Reserve Company is floated to ensure energy security for Nigeria, the GCEO of the Nigerian National Petroleum Company Ltd (NNPC...