Oil & Gas

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

Reconciling PH Refinery Restoration, Atedo Peterside’s ‘Disbelief’

By Olu Tayo Atedo Peterside is an alumnus of the City University, London and the prestigious London School of Economics and Political Science,...

Deregulation: Oil marketers will be free to import petroleum products and sell

  The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari says under full deregulation of the downstream sector oil...

Subsidy: Nigerians should be prepared to buy petrol for more than N200 per litre soon, Kyari

  …current pump price of N162 per litre not sustainable Nigerians should brace up to buy petrol for more than N200 per litre...

NNPC boss justifies FG’s $1.5bn for Port Harcourt refinery rehabilitation

  By Ajuma Edwina Ameh Amid controversies by some Nigerians on the $1.5 billion for the rehabilitation of Port Harcourt refinery, the Nigerian...

In Defense of Refineries’ Rehabilitation

By Alexander Adejoh Mixed reactions have continued to trail the move by the federal government to rehabilitate the Port-Harcourt Refining Company (PHRC). The...

Breaking News: FG approves $1.5bn for Port Harcourt Refinery repair 

  The 38th virtual meeting of the Federal Executive Council (FEC), presided over by President Muhammadu Buhari has approved the sum of $1.5...

Passage of Petroleum Industry Bill (PIB) critical to the sector, attract investments, says Kyari

  The passage of the Petroleum Industry Bill (PIB) will help resolve issues of fiscal terms in the Production Sharing Contracts (PSC), the...

Petrol: Deregulation reversal will lead to scarcity of product, CSOs tell FG

  A Coalition of Nigerian Civil Society Organizations for Petroleum and Energy Security (CONCSOPES), has called for the sustenance of deregulation of the...

Nigerians to pay more for petrol as crude oil price hits $60 per barrel, says Petroleum Minister

  Nigerians will have to pay more for petrol as the current N162 pump price may be raised as crude oil price rises...

NNPC makes $108.84m Crude Oil, Gas Export Sales, ₦8.71bn surplus in November 2020

  The Nigerian National Petroleum Corporation (NNPC) says it recorded export sales of crude oil and gas for November 2020 to the tune...

NNPC enjoys autonomy under President Buhari, says GMD Kyari

  “He remains the only president that has never interfered in the operations of the corporation. That is very unprecedented, and it has...

NNPC hits N1.95 trn revenue mark in petrol sales, others in one year

        The Nigerian National Petroleum Corporation (NNPC) generated about ₦1.95 trillion revenue from the sales of white products between October...

NNPC GMD/CEO, Kyari Bags New Telegraph’s Transparency Award

  New Telegraph Newspaper, one of Nigeria’s leading national dailies, has conferred its 2020 Award of Government Agency of the Year (in the...

Kyari mourns, extols late Festus Marinho, pioneer NNPC MD

  The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has expressed grief on the death of the...

96 reputable firms bid for NNPC pipelines, depots, terminals rehabilitation on BOT financing 

  No fewer than 96 reputable companies  have indicated interest in rehabilitating the Nigerian National Petroleum Corporation’s (NNPC) downstream infrastructure including pipelines, depots...

We are ommitted to OPEC+ agreement on oil production cut, says NNPC

  …focuses more on gas, condensats to boost Nigeria’s revenue profile In a bid to stabilize the global oil market,the Nigerian National Petroleum...