Oil & Gas

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

FG’s foreign exchange liquidity booster:  NNPCL, Qatar to provide $10bn inflow

The Nigerian National Petroleum Company Ltd (NNPCL) and Qatar are to mobilize $10 billion for the Federal Government to ease liquidity crunch in...

FG not paying petrol subsidy again — NNPCL GCEO, Kyari

Contrary to insinuations on the social media, the Bola Tinubu administration has not returned to payment of subsidy to any person or group...

Nigeria set to export petroleum products in 2024 – Kyari

The Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPCL), Mr Mele Kolo Kyari, said on Monday that Nigeria is ready...

Just In: No intention to increase petrol pump price, disregard speculations – NNPC

Contrary to speculations, the Nigerian National Petroleum Company Ltd (NNPCL) said on Friday that it has not increased pump prices of petrol and...

Ceaseless blackmail on NNPCL leadership: Arewa Youth Assembly berates sponsors, petitions Police, DSS

Perceived ceaseless attacks against the top management of the Nigerian National Petroleum Corporation Limited (NNPCL) especially its Group Chief Executive Officer, Mallam Mele...

Crude production: NNPCL, NCDMB, IOCs sign deal to reduce contracting cycle from 333 days to 180

In a bid to increase efficiency and reduce cost of crude per barrel, the Nigerian National Petroleum Company Ltd (NNPCL) and the Nigerian...

Kyari in New York, says Nigeria committed to use of gas as transition fuel, attain zero flare by 2026

In a bid to align to the United Nations Sustainable Development Goals, the Nigerian National Petroleum Company Ltd says the country is committed...

Transition to renewable energy: NNPCL signs to join UN Global Compact in New York

The Nigerian National Petroleum Company Ltd (NNPCL) on Thursday in New York, U.S. signed to become a participant of the United Nations Global...

Crude oil theft fight raises Nigeria’s crude oil production to 1.72m barrels per day in September — NNPCL

Nigeria’s crude oil production has been raised to 1.728 million barrels per day as at September 2023 following aggressive anti-crude oil theft efforts...

12.5kg cooking gas may hit N18,000 by December, NALPGM warns

The price of 12.5kg Liquefied Petroleum Gas (LPG) otherwise known as cooking gas may hit N18,000 by December if the Federal Government fails...

Nigeria’s GDP set to grow by $3bn as NNPCL, Indorama seal pact on gas supply

In its bid to reposition Nigeria as one of the largest producers of Urea in the western hemisphere, the Nigerian National Petroleum Company...

Breaking: Shake up in NNPCL: Three Executive Vice-Presidents retired, replacements named

Some sweeping changes have been made in the management of the Nigerian National Petroleum Company Limited (NNPCL) with the exit of three Executive...

NNPCL retail made N18.4bn profit in Q1 of 2023 from OVH Energy acquisition – Mele Kyari

NNPC Retail has made N18.4 billion in the first quarter of 2023 after acquiring OVH Energy, the Group Chief Executive Officer of the...

Smuggled Iranian Oil Enroute To China Seized By The US

The U.S. authorities seized nearly 1 million barrels of Iranian oil that were being illegally smuggled  to China earlier this year, reports have...

NNPC Ltd not against sale of shares of Agip Oil to Oando — Muhammad

The Nigerian National Petroleum Company Ltd (NNPCL) says it is not opposed to the sale of the Nigerian Agip Oil Company Limited (NAOC)...

Nigeria now pumps1.67m barrels of crude oil, condensates daily — NNPCL GCEO, Kyari

Nigeria has raised its daily output of barrels of oil and condensates from a million to 1.67 million, Mr Mele Kyari, NNPCL Group...