Oil & Gas

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

Shell Vows Not To Return To Ogoniland

The Nigerian unit of Royal Dutch Shell has said the company doesn’t have any plans to return to exploring or producing oil in...

Nigeria’s new tax regime on Deep Offshore, Inland Basin bother oil and gas companies

A new tax regime being put in place by the Nigerian government seems to bother operators in the country’s oil and gas sector,...

No NNPC Staff Arrested for Suspected ATM Fraud Says Corporation’s Spokesman   

The Nigerian National Petroleum Corporation (NNPC) has clarified that none of its staff was involved or arrested in the suspected fraudulent ATM transaction...

How NNPC Saved $1.6bn from Arbitration with Atlantic Energy Drilling Concept

… As Forensic Institute Confers Honorary Fellowship Award on Baru for Anti-Corruption Crusade The Nigerian National Petroleum Corporation (NNPC) has recorded a $1.6bn...

NNPC posts N15.04bn trade surplus in January, up from N12.13 bn from Dec 2018

The Nigerian state oil corporation, NNPC, posted a 24 percent trade surplus of N15.04 billion in January 2019, from the N12.13 billion surplus...

SEPLAT announces inauguration of AGPC reconstituted Board

Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange (NSE) and London...

We don’t have formula to end fuel subsidy for now – FG 

The Federal Government Wednesday said it is yet to find a workable formula to cushion the effect on the most vulnerable Nigerians, which...

Barkindo, Momoh, Others Get EuroKnowledge Awards in London

The Secretary General of OPEC, HE Mohammad Sanusi Barkindo, Mr John Momoh, the Chairman of Channels Television and Mr Benedict Peters, the founder...

NNPC says no looming fuel scarcity

The Nigerian National Petroleum Corporation (NNPC) Thursday appealed to Nigerians to disregard trending social media report of an impending fuel scarcity due to...

Report Depot Owners Selling Petrol Above N133.28k To DPR — NNPC

… Says Pump Price of Petrol Remains N145 Per Litre   The Nigerian National Petroleum Corporation (NNPC) has warned depot owners or terminal...

Baru: NNPC confident Nigeria will reach 2019 oil production targets

The Group Managing Director (GMD) of NNPC, Dr. Maikanti Baru, on Tuesday expressed confidence the corporation would meet the target of 2.3 million barrels of...

Nigeria to Boost Domestic Gas Supply by 600mmscfd

As a major step on attaining sufficiency in domestic gas supply, the Nigerian National Petroleum Corporation (NNPC), has executed a Final Investment Decision...

Nigeria, India agree on stronger ties on energy sector    

The Nigerian government will deepen its commitment to stronger ties with the Republic of India towards enhancing the energy security of both countries,...

Buhari To IPMAN: Let’s join forces and fish out oil smugglers

President Muhamamdu Buhari on Friday, urged members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), to join forces with the Federal Government...

Petroleum Ministry Rejects Report Claiming “Irregularities” In Oil Lease Renewal

The Ministry of Petroleum Resources has just issued a strongly worded statement in reaction to recent media reports claiming that, the House of Representatives...

NNPC Strikes $8.441 Billion Joint Venture Deals With SEEPCO, Shell, Agip, Others To Develop Oil Leases, Boosts Gas Production 

In an effort to further consolidate the revenue profile of the Nigeria National Petroleum Corporation (NNPC), the Group Managing Director (GMD) Dr. Maikanti...