Oil & Gas

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

Troops crack down on oil thieves in Niger Delta

The Nigerian Army’s 6 Division, in collaboration with other security agencies, has launched a successful operation against illegal oil bunkering in the Niger...

Adokiye Tombomieye, ex-NNPC Ltd. VP Upstream, canvasses skills transfer, knowledge sharing among young engineers under mentorship

A former Executive Vice President, Upstream, Nigerian National Petroleum Company Ltd. (NNPC Ltd.), Engr. Adokiye Tombomieye, has called for skills transfer and knowledge...

NUPRC Approves Seplat-ExxonMobil Divestment, Launches “Operation 1 Million”

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given the green light to the Seplat-ExxonMobil divestment application, marking a significant milestone in the...

NNPC Retail Sensitizes Auto Mechanics on CNG Adoption, Unveils Oleum Lubricant Range

NNPC Retail Limited, a subsidiary of NNPC Ltd, has taken a significant step towards promoting cleaner and affordable energy solutions in Nigeria, sensitizing...

NNPC Ltd. reiterates commitment to peace, prosperity in Niger Delta

The Nigerian National Petroleum Company Limited (NNPC Ltd) has reaffirmed its dedication to collaborating with host communities in the Niger Delta region to...

I didn’t ask NNPC Ltd to give up running own refineries – Oil Minister of State, Lokpobiri

Contrary to reports making the rounds, the Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri says he did not direct the Nigerian...

Nigeria faces potential gas supply crisis by 2030, says NUPRC Chief

Nigeria may experience a significant gas supply crisis by 2030, with a potential shortfall of 3.1 billion cubic feet per day, according to...

Oil prices surge by $1 amid Middle East tensions

Oil prices jumped by over a dollar in early trading on Wednesday, fuelled by escalating tensions in the Middle East. Brent futures rose...

Whopping N5.4trn to be saved from petrol subsidy removal in 2024, says Gov. Abiodun

Ogun Gov. Dapo Abiodun has disclosed that the subsidy on fuel, if not curbed by President Bola Ahmed Tinubu, would have cost the...

NNPC Ltd, a responsible, patriotic corporate citizen prioritizing Nigerians’ welfare over profiteering – ex-Presidential spokesman

Imbued by patriotic spirit and well-being of Nigerians, the Nigerian National Petroleum Company Ltd (NNPC Ltd.) has continued to prioritize the welfare of...

Tinubu’s marching order shoots up oil production output to 1.7 mbpd— Soneye

The Nigerian National Petroleum Company Limited (NNPC Ltd ) has announced a significant increase in the country’s crude oil production, from 1.4 million...

NNPC Ltd/TotalEnergies’ $550m Ubeta upstream gas project takes off

The Presidency has announced the take-off of the $550 million upstream gas project between the Nigerian National Petroleum Corporation Limited and TotalEnergies on...

NNPC Ltd and challenges in the oil sector: Banire misconceives the facts, promotes biased views

In the face of the challenges in the oil sector, particularly the current tightness in the supply of petrol, it has become fashionable...

Crude oil contributed N14.56trn to Nigeria’s exports in Q2 2024

Crude oil exports accounted for 74.98 percent of Nigeria’s total export value in the second quarter of 2024, according to the Nigeria Bureau...

In Lagos, architect of Nigeria’s “stolen” crude in China and American businessman Antonio Ramirez jailed 74 years in $1.2m visa scam

For defrauding people of $1.2 million through an EB-5 visa scam and an additional $368,698.24, the Lagos State Special Offences Court sitting in...

NNPC Ltd/Chevron JV Concludes Assets Conversion to PIA Terms

In accordance with the Petroleum Industry Act (PIA) 2021 provisions for transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the...