Oil & Gas
Per Second News is the leading source in Nigeria for current news and events for the energy, oil and gas industry.
PIA: 3% allocation to host communities may be low in percentage but bigger in value — Kyari
By Ajuma Edwina Ameh Throwing a lifebelt into some issues in the Petroleum Industry Act (PIA), the Group Managing Director...
PIA: The next 25 years will be defining for Nigeria’s energy industry — Osinbajo
The Vice-president, Prof. Yemi Osinbajo (SAN) has said that the Petroleum Industry Act (PIA) will define Nigeria’s energy industry in the next...
OML 11: Shell will not be allowed to return to our land, Ogoni leaders vow
Following the Court of Appeal landmark judgment which handed over the management of Oil Mining License (OML) 11 to the Nigeria...
Court judgment on OML 11: NNPC hails verdict as NPDC resumes operation
…says it an opportunity to implement a robust host community engagement strategy to address subsisting issues “We now have an opportunity...
International oil companies must pay the $4bn owed NDDC, says Akpabio
…East-West road will be ready for inauguration in 2022 International oil companies (IOCs) will be made to pay back the $4 billion...
PIA will transform Nigeria to hub of business opportunities, promote corporate governance in oil and gas industry, says NNPC GMD, Kyari
The Petroleum Industry Act (PIA) just accented to by President Muhammadu Buhari will transform the nation’s petroleum industry into a hub of business...
Petroleum Industry Act: NNPC to be incorporated as private company under the Company Allied Matters Act (CAMA) in six months — Kyari
…All the liabilities and assets of the NNPC will be transferred to the new company. Some toxic assets may be excluded Aftermath...
NNPC nets ₦43.57bn surplus in April, about N8bn higher than in March
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦43.57 billion in April 2021 representing a 23.64 per cent...
Shell exit from Nigeria: NNPC to unveil a Comprehensive Divestment Policy (CDP) to guide divestment process
As Shell Petroleum Development Company (SPDC) and other oil majors begin divestment of their investments in Nigeria following a growing appetite for...
NNPC GMD, Kyari, sons pay Sallah homage to President Buhari in Daura
President Muhammadu Buhari on Wednesday in Daura, his countryhome, received Mele Kyari the Group Managing Director of the Nigerian National Petroleum Corporation...
Nigeria loses N53.26bn to gas flaring by oil companies between Jan. and Feb. 2021, says NNPC
By the gas flaring or wastage,Nigeria lost about N53.26 billion. In February, the oil companies wasted 17.53 billion scf of gas compared...
NNPC’s gas master plan will become full-fledge in three years to deliver nation’s optimum energy requirements
The Nigerian National Petroleum Corporation (NNPC) says its gas master plan will become full-blown in the next three years to deliver optimum energy...
How NNPC, under Kyari, outmaneuvered low prices during pandemic without cutting jobs
The Nigerian National Petroleum Corporation (NNPC) has transformed under a leader determined to reduce costs without cutting jobs – instead including staff...
PIB: 17 Southern governors back Edwin Clark, reject 30 per cent allocated for oil exploration in the North
“The forum rejects the ownership structure of the proposed Nigeria National Petroleum Company Limited” “The Forum disagrees that the company be vested...
BREAKING: At last, Nigerian Senate passes Petroleum Industry Bill (PIB)
After a decade-long log-rolling and politicisation of the bill, the Senate on Thursday passed the Petroleum Industry Bill (PIB). The bill had gotten...
NNPC insists on equity in Dangote Refinery, citing nation’s energy security
The Nigerian National Petroleum Corporation (NNPC) says it has the responsibility to guarantee energy security for the country as the national oil company...
