Oil & Gas

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

Premature for OPEC to Cap Nigeria, Libya Oil Output, Says Kuwait

OPEC member Kuwait on Friday said it would be premature to cap Nigerian and Libyan oil production as the two African countries’ output...

Kachikwu: Nigeria Will Support Cap on Oil Production

[dropcap]T[/dropcap]he federal government will support a cap on its oil production, minister of state for petroleum, Ibe Kachikwu, said Wednesday. The production cap...

All Eyes on Turkey As World Petroleum Congress kicks off in Istanbul

[dropcap]T[/dropcap]he 22nd World Petroleum Congress (WPC), the largest meeting of the oil and gas industry, opened in Istanbul on Sunday. Speaking at the...

Baru To NNPC Staff: Progress Made But Much Still To Accomplish In One-Year Anniversary Speech

…Secures $2Billion Discounts on Renegotiated Upstream Contracts [dropcap]T[/dropcap]he Nigerian National Petroleum Corporation, NNPC, has secured $2billion discounts in the last one year from...

NNPC’s Intervention: Diesel Continues Steady Decline Nationwide

Diesel oil prices continued to extend the declines since last week as recent strategic intervention of the Nigerian National Petroleum Corporation (NNPC)  has led...

NNPC Inches Towards 40 billion barrels oil Reserve Target

…As NNPC/FIRST JV Secures over $700 million Schlumberger Funding for New Fields Per Second News—- The Nigerian National Petroleum Corporation, NNPC, has inched...

France Splash 1 billion Euros on Nigeria Oil, Gas

Per Second News—The French Government have pledged to invest about one billion euros on oil and gas infrastructure projects in Nigeria,  Denys Gauer, the...

Relief as NNPC crashes price of diesel

Nigerians heave a sigh of relief as the Nigerian National Petroleum Corporation (NNPC’s) intervention slashes the price of diesel, making it readily available, Victoria Ayuwei...