Oil & Gas
Per Second News is the leading source in Nigeria for current news and events for the energy, oil and gas industry.
FG cuts oil benchmark to $30 per barrel for Budget 2020
The Federal Government on Wednesday proposed the reduction of oil benchmark from $57 to $30 per barrel which it projected for 2020 Finance Act. The...
NNPC’s Downstream Subsidiary, PPMC, Records ₦337.63bn Petroleum Products Sales
…posts 34% Increase in Trading Surplus in December 2019 The Nigerian National Petroleum Corporation’s (NNPC) Downstream Sector subsidiary, the Petroleum Products Marketing...
Why we can’t enforce new pump price of N125 at private filling stations, says Kyari
… they are still selling old stock The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Malam Mela Kyari, says...
FG’s directive: NNPC announces N125 per litre of petrol effective March 19
In compliance with the directives of the Minister of State for Petroleum Resources, the Nigerian National Petroleum Corporation (NNPC) has announced a new...
FG slashes petrol pump price at N125
A Presidential approval for the reduction of pump price of petrol from N145 to N125 may have been given, according to Aso...
Oil price plunges almost 30% as NNPC vow to Reduce Cost of Crude Oil Production
Group Managing Director of the NNPC, Mallam Mele Kyari, on Wednesday said that the state oil firm plans to put in place measures...
Accomplished Oil and Gas Technocrat, Mr Bala Wunti, Now Holds Sway At NAPIMS As GGM
…As PPMC boss, he eliminated intractable petrol scarcity across the country After a 30-year stint in the nation’s petroleum industry, Mr...
Crude price slump: FG to review 2020 budget $57 crude oil benchmark
… President Buhari sets up committee on Coronavirus impact on economy Following a crash of crude oil price in...
FG okays $2.571bn loan for Ajaokuta-Kaduna-Kano gas pipeline
…NNPC to pay 15 per cent of the sum A foreign facility of $2.57 billion has been approved by the Federal...
NNPC hits the market with high performance lubricants — Nitro and Rhino engine oils
Two new lubricants — Nitro and Rhino engine oils – have been rolled out by a Downstream subsidiary of the Nigerian National...
Ajaokuta-Kaduna-Kano gas pipeline construction begins 2nd quarter of 2020 – NNPC
…set to expand Domestic Gas Footprint from 1.1BSCF to 2.2BSCF …targets Nigeria as net exporter of petroleum products by 2023 The...
NNPC gets thumbs-up for ‘Operation White’
The Independent Petroleum Marketers Association of Nigeria (IPMAN), Kano State chapter, has praised the NNPC for ensuring the success of ‘operation white’...
Nigeria Loses $750m to Oil Theft in 2019 – NNPC
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the nation lost about $750 million to oil theft in 2019. In...
1,300MW Abuja Power Plant: NNPC Secures $1.16Million USTDA Grant
The Nigerian National Petroleum Corporation (NNPC) has secured a grant from the United States Trade and Development Agency (USTDA) to facilitate the...
NNPC Records 16 Per Cent Increase in Gas Supply to Power in November
The Nigerian National Petroleum Corporation (NNPC) has said that the daily average natural gas supply to gas-powered plants in November last year...
