Industry

-By Teddy Nwanunobi Nigeria is one of the world’s largest producers of crude but the country has lacked adequate refining capacity for decades, despite owning four state-run refineries-the Port Harcourt I & II refinery, Warri and…
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Last week’s groundbreaking commissioning of the Rungas Alfa Plant in Lagos by the Minister of State for Petroleum Resources, Chief Timipre Sylva, at Alaro City, Free Zone, Epe, launches Nigeria into unfettered access to becoming the…
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-By Fred Ojiegbe Experts in the oil and gas industry have warned that failure of urgent passage of the petroleum industry bill, PIB, portends dire consequences for Nigeria’s oil and gas industry. Speaking at the just concluded media…
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By Teddy Nwanunobi Although the European coronavirus lockdowns and U.S. winter storms caused disruptions in March, as shown by the crude and petroleum products market price structures, analysts have projected that the global oil market…
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*Records Highest Nigerian Oil & Gas Bond By Teddy Nwanunobi Seplat Petroleum Development Company (SPDC) Plc has priced its offering of $650 million in aggregate principal amount of senior notes due 2026. SPDC is a leading…
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By Danlami Nasir Isah The Department of Petroleum Resources (DPR) has relieved six divisional heads of their duties, Valuechain can authoritatively report. The Department also retired seven operational controllers, and…
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The Department of Petroleum Resources, Nigeria’s hydrocarbon industry regulatory agency, has presented an invoice of $109.45 Million to the country’s active oil and gas companies, for 1 Million vials of Astra Zeneca COVID 19 Vaccine (X 11…
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-By Gideon Osaka There has been a continuous argument between experts and stakeholders in the oil and gas sector on whether subsidizing petrol has any advantage on Nigerian masses or not. While some argued that subsidy benefits only…
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-By Fred Ojiegbe There was a slight increase by one, in Nigeria’s rig count for the month of February, as it recorded seven, against six recorded in the month of January. This happened at a period the Organisation of Petroleum…
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An oil and gas drilling and production fabrication facility worth $600 million (about N228 billion) is rotting in the creeks of Lagos. The facility, owned by Kaztec Engineering, is at Snake Island where the Badagry Creek Industrial Park…
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