Industry

Nigeria’s gas production rose marginally by 0.3 per cent quarter-on-quarter, QoQ, in the first quarter of 2021, Q1’21, to 639.16 Billion Cubic Feet, bcf, compared to 637.24 bcf produced in the fourth quarter of 2020, latest data from…
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By Teddy Nwanunobi President Muhammadu Buhari, on Thursday, announced a profit after tax (PAT) of N287 billion by the Nigerian National Petroleum Corporation (NNPC). Valuechain reports that this is the first time in the…
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The Petroleum Industry Act (PIA) recently assented to by President Muhammadu Buhari has been described as a step in the right direction towards rejigging Nigeria’s oil and gas sector for enhanced development, productivity and…
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The Federal Government will continue to promote the use of natural gas as an alternative to Premium Motor Spirit, popularly called petrol, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has said. Sylva said this…
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*Orders investigation of 103m litres daily fuel evacuation *You made our day – Reps By Teddy Nwanunobi The Nigerian National Petroleum Corporation (NNPC), on Wednesday, explained that it bought 20 per cent into the Dangote…
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By Teddy Nwanunobi The Department of Petroleum Resources (DPR) has disclosed that it is collaborating with the Standards Organisation of Nigeria (SON) to curb the manufacturing and sale of substandard lubricants in the country. …
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By Teddy Nwanunobi TotalEnergies is documenting large oil and gas opportunities in Africa which the company is set to promote at the upcoming Africa Exploration and Production (E&P) Summit. Valuechain reports that the…
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By Teddy Nwanunobi The leaders of Ogoniland in Rivers State, under the auspices of the Ogoni Liberation Initiative (OLI), on Tuesday, pledged to cooperate with the Nigerian Petroleum Development Company (NPDC) in the exploration and…
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By Teddy Nwanunobi The Federal Government is looking to reposition Nigeria’s local petroleum refining by laying more emphasis on bringing more modular refineries into production to boost the country’s in-country refining capacity. …
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Oil major, Total has said, its Ikike oil field in the conventional offshore will come on stream by first quarter of 2022. The field development will enhance the country’s oil production between 30,000 to 40,000 barrels of crude oil…
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