Oil & Gas

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

Energy transition has gulped $755bn globally as Nigeria is in transiting period – Wunti

The Group General Manager, National Petroleum Investment Management Services (NAPIMS), Engr. Bala Wunti, says Nigeria is in energy transiting period just as he...

Strategic economic collaboration across the Gulf of Guinea, Nigeria signs MoU with Equatorial Guinea to supply gas

    As part of strategic economic collaboration across the Gulf of Guinea, Nigeria has signed a landmark Memorandum of Understanding (MoU) with...

LNG global trade rises 6% in 2021

  The global trade in Liquefied natural gas rose 6 per cent to 380 million tonnes in 2021 on the back of higher...

Oil Prices Hit $100, Russia Speaks Out

    Oil prices hit a fresh seven-year high and Brent hit $99 a barrel early on Tuesday amid an escalation in the...

Why Nigeria’s oil and gas is less attractive to investors – Wunti, GGM, NAPIMS

  The Group General Manager, the National Petroleum Investment Services (NAPIMS), Bala Wunti, has identified factors that make Nigeria’s oil and gas industry...

Fuel situation: NANS urges understanding, cooperation with NNPC to normalize supply chain

    As the fuel supply situation is being pursued with vigour by the Nigerian National Petroleum Company Ltd and its subsidiary, the...

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

Fuel queues set to disappear as NNPC imports, takes delivery of 300m litres

          To put an end to the long petrol queues being experienced in some parts of the country, the...

NNPC Ltd generates ₦2.61trn, petrol contributes 99.76% from August 2020 to August 2021 — Report

    A total revenue of ₦2.61 trillion with petrol contributing about 99.76% was generated from the sales of white products from August...

NNPC pushes out 1,661 petrol-laden trucks daily to tackle queues in Abuja, others

Discovery of petrol with methanol: NMDPRA withdraws product, increases supply nationwide

  The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it has intensified efforts at increasing the supply of petrol into the...

BP records highest profit in last eight years

The London based BP oil company has seen its profits surge to the highest in almost a decade, thanks to rising crude and...

NNPC Ltd, Afreximbank to raise $5 billion financing to support upstream Businesses

NNPC Ltd, Afreximbank to raise $5 billion financing to support upstream Businesses and facilitate energy supply and transition, NNPC GMD Mele Kyari disclosed...

Ahead of petrol subsidy removal, FG to convert 1m petrol vehicles to autogas

  By Ajuma Edwina Ameh removal. The Minister of State for Petroleum Resources, Timipre Sylva, who disclosed this on Tuesday at a virtual...

Decision on petrol subsidy removal to come in June – NEC

  The National Economic Council (NEC), has disclosed that a decision on the removal of the subsidy on petroleum will be made in...

NNPC Ltd Board: Uphold corporate governance, transparency, Buhari tells members

The Board of the newly incorporated Nigerian National Petroleum Company (NNPC) Ltd has got a presidential directive on ensuring strict compliance with corporate...

Yuletide: Petroleum Minister urges love among Nigerians

  As Nigerians commemorate Christmas, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has urged them to eschew bitterness and embrace...

NNPC pushes out 1,661 petrol-laden trucks daily to tackle queues in Abuja, others

Yuletide, New Year festivities: We have sufficient petroleum products, shun panic buying – NNPC

  Ahead of Yuletide and New Year festivities, the Nigerian National Petroleum Company Ltd has once again given Nigerians strong assurance that it has...