Oil & Gas

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

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...

Shell intervenes in Nigeria’s tertiary education, donates multimillion-dollar projects to FG’s Maritime University in Delta

    The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners have provided multi-million dollar infrastructure for the Federal...

NNPC hand in glove with Buhari’s vision to make Nigeria Africa’s ‌oil refining hub, reduce‌ ‌petroleum‌ ‌products‌ ‌importation‌ — Kyari

The Nigeria‌ ‌National‌ ‌Petroleum‌ ‌Corporation‌ ‌(NNPC) is irrevocably committed to the Buhari administration’s vision of making Nigeria the‌ ‌refining‌ ‌hub‌ ‌in‌ ‌Africa, towards ‌‌reducing‌...

NNPC GMD, Kyari gives reasons why cross-border petrol smuggling remains intractable

  “The activities of smugglers had made it difficult for Nigeria to determine the actual consumption figures for petrol, pointing out that the...

Buhari excited about another feat by 44-year-old NNPC, announces N287bn as its 2020 profit-after-tax

  Another first, landmark achievement has been recorded by the Buhari administration, this time in the Nigerian National Petroleum Corporation (NNPC) under the...

Federal lawmakers at an interactive session, laud NNPC’s Kyari, say “You Have Made Our Day”

  The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, on Wednesday received accolades from the House of...

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...