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: 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...

Smuggling, Crude Oil Theft: NNPC, EFCC, Others Partner to Tackle Economic Crime

The Nigerian National Petroleum Corporation (NNPC) says it is collaborating with the Economic and Financial Crimes Commission (EFCC) and other security agencies and...

Buhari’s vision has translated to boosting NLNG production capacity, growth in oil and gas sector – NNPC GMD, Kyari

  “The approval has created the condition for Train 7 and further incentisize additional trains to attain the 12 Train vision’’ President Muhammadu...

Oil spills from SPDC crude pipelines destroy Imo communities’ farmlands, water, livelihoods worth billions of naira

“SPACES FOR CHANGE I S4C, hereby, demands that Shell Petroleum Development Company (SPDC) commence the process of remediating the degradation and damage to...

FG signs multilateral agreement on Brass Petroleum Products Terminal to halt illegal refining in Niger Delta

In a concerted effort to curb illegal refining and stabilize petroleum products pricing in the Niger Delta, the Federal Government has signed agreement...

Ogoni: FG reports progress, says 17 contaminated sites cleaned up

At least 17 contaminated sites have been cleaned up and certified in the ongoing Ogoni clean-up exercise, the Federal Government said. It also...

OML 118: NNPC, Bonga agreement to produce additional 2 billion barrels of oil

About two billion barrels of oil will be produced for Nigeria under the Oil Mining Lease 118 following an agreement signed between the...