Industry

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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…Says Transition Fuels Unavoidable As the world transits to cleaner energy, the Nigerian National Petroleum Corporation (NNPC) has affirmed Nigeria’s preparedness to play a strategic role in the new global energy order. The Group…
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*Promises To Utilise Gas Resources To Uplift Economy, Drive Industralisation By Teddy Nwanunobi Nigeria may have begun a gas revolution era, as President Muhammadu Buhari, on Monday in Abuja, launched ‘The Decade of Gas in Nigeria’,…
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The Nigerian National Petroleum Corporation (NNPC) has taken a step further to achieve the $10 per barrel oil production cost benchmark with the development of the five-levelled Upstream Cost Efficiency Transformation Framework. The…
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