Oil & Gas

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

NNPC GMD, Kyari, seeks special court for oil theives

The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Ltd, Malam Mele Kyari, has called for a special court to try...

Oil prices fall below $100 a barrel after IEA release

Oil prices dropped on Friday, falling below $100 a barrel, as China, the International Energy Agency IEA. co-ordinated a second release from its emergency...

Oil theft has reduced Nigeria’s oil production to less than 1.5m barrels per day, says NNPC GMD, Mele Kyari

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Ltd, Malam Mele Kyari, has expressed concern over Nigeria’s inability to increase...

Large-scale pipeline vandalism, crude oil thievery in billions of dollars ongoing in Niger Delta – NNPC GMD, Kyari, raises alarm

Says disruption in the region had brought down oil production with the country lifting less than 1.5 million barrels per day

Upstream Sector: Wunti lauds Oil Minister, NNPC GMD, Kyari for operation cost reduction initiatives

The Group General Manager of National Petroleum Investment Services (NAPIMS), Mr Bala Wunti, says the inauguration of the Nigerian Cost Optimization Programme by...

FG decries rising crude oil theft, says $3.27bn lost to oil thieves in 14 months

The Federal Government has expressed worry over the high rate of crude oil theft in the Niger Delta. It added that the high-level...

NNPC frowns at Auditor General’s report of “missing” 22,929.84 litres of petrol, says lost to pipeline vandals

Following the queries by the Auditor General of the Federation (AuGF), Mr Adolphus Aghughu, that the Nigerian National Petroleum Company Ltd (NNPC) had...

No plan to increase ex-depot price of petrol, say FG, NNPC

In a bid to address the high prices of diesel in the country and transportation challenges in distributing petroleum products, the Minister of...

Nassarawa Varsity celebrates, lauds NNPC GMD Kyari’s track record, to confer honorary Doctorate degree on him

In recognition and acknowledgment of his remarkable contributions to nation-building particularly the oil and gas sector of the economy, the Group Managing Director/CEO...

Nigeria boasts of abundant natural gas to meet European gas demands, says Sylva

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has called on the U.S. Government to support the funding of natural gas...

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...

Queues at Abuja filling stations a local problem, will vanish soon, says NNPC GMD

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...