Oil & Gas

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

FG reduces petrol pump price to N121.50

  The Petroleum Products Pricing Regulatory Agency has announced a new pump price band of N121.50 per litre for Premium Motor Spirit, also...

Four years after, Pres. Buhari reconstitutes NNPC six-member board

    The Nigerian National Petroleum Corporation (NNPC) has got a new board following the expiration of the tenure of board members appointed...

Revealed: Ex-NNPC GMD, Baru, died of COVID-19

  The late Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Kachalla Baru, may have died of COVID-19, Persecondnews has...

Alleged Marginalization: 21 Southerners Hold Top Management Positions As COOs, MDs, GMs, Others In NNPC 

  Says top management appointments based on merit   Contrary to allegations of lopsidedness in management appointments at the Nigerian National Petroleum Corporation...

CBN, NNPC to foot over N1bn cost of feeding, accommodation of evacuees – Minister

    Nigerian National Petroleum Corporation (NNPC) and Central Bank of Nigeria (CBN), have both agreed to fund, as part of their Corporate...

COVID-19: FCT Minister lauds NNPC-led oil and gas industry coalition’s initiatives

  Donates land for state-of-the-art health facility   Commends NNPC GMD   Impressed with the Nigerian National Petroleum Corporation (NNPC)-led support for the...

Nigeria’s downstream petroleum sector deregulated effective March 2020 – Minister

  Intervention in petrol pricing to check marketers’ exploitation     With an air of finality, the Federal Government said on Thursday that...

NNPC records ₦211.6bn petroleum products sales in February

  … an 111 per cent Increase in Trading Surplus …sold ₦2.6tn products with petrol accounting for 98.06 per cent The Nigerian National Petroleum...

FG to auction some marginal oil fields, says NNPC’s Kyari 

    In spite of the crash in crude oil prices, the Federal Government says it will auction marginal oil fields later this...

Fire at Lagos NNPC retail affiliate station from underground tank, not tanker, says NNPC

  … affirms all its station observes required safety standards The Nigeria National Petroleum Corporation’s subsidy, NNPC Retail Limited, says the fire at one...

US oil drops steeply below $15 per barrel

  US oil prices on Monday plummeted, hitting below $15 a barrel on renewed storage concerns as the coronavirus throttles demand even as...

COVID-19: NNPC-led Oil & Gas intervention donates ambulance, equipment to Kano Govt.

    … to build world-class medical facilities in nation’s  eight zones. In continuation of its intervention across the states of the federation,...

COVID-19: NNPC, Partners Donate Ambulances, Medical Kits to South-West States

  The ongoing efforts by the Nigerian National Petroleum Corporation (NNPC)-led Oil and Gas Sector coalition against COVID-19 was bolstered on Thursday in...

U.S Oil Crashes to Historic Low As Covid-19 Collapses Demand

  U.S. equity markets slid Monday as oil crashed below zero and closed at its lowest level since recordkeeping began in March 1983....

OPEC/NON-OPEC ministerial summit: Sylva raises hope of crude oil prices increase by at least $15 per barrel

  …price rebound may give Nigeria additional revenues of about $2.8 billion … cuts supply by up to ten (10) million barrels per...

Despite COVID-19 disruptions, NNPC GMD says focused on ensuring adequate fuel supply

    …virus catches the world unprepared, shuts down economies, says Wunti   In spite of disruptions in the country amid COVID-19 pandemic,...