Valuechain - Nigeria's foremost Online Energy News Platform

For a period spanning over ten years, 2008 to 2017, Nigeria lost as much as $28 billion from crude oil due to outdated Production Sharing Contracts (PSCs) it signed with international oil companies (IOCs) operating in the country, the…
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Nigerian Nembe Creek Trunk Line, a key oil pipeline to the Bonny terminal, has been shut down for four days now, its operator said Monday. Domestic producer Aiteo Eastern Exploration and Production, the operator of NCTL did not give…
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A local official says all of the more than 50 people reported missing after an explosion in southern Nigeria early Friday have now been accounted for. The Nembe Chiefs Council spokesman, Chief Nengi James-Eriworio, tells The…
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Oil prices rose nearly 2 percent on Monday morning, on trade deal hopes and OPEC supply outages. One of the largest OPEC outages at the moment is the supply disruption at the 150,000 bpd Nigerian Bonny Light export terminal, which was…
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Following the outcome of the Presidential Election, which returned President Muhammadu Buhari to Aso Rock, BudgIT has called on the Buhari government to assign a higher priority to oil and gas sector reforms in the second phase of the…
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…Commiserates With Families Of Inferno Victims The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has assured of adequate petroleum products supply in Lagos and its environs despite…
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As part of efforts to reform the oil and gas sector, the Federal Government has commenced the training of stakeholders involved in the sector on proper metering and measurement for enhanced national development. The Director-General…
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Another round of trouble is brewing between the Federation Account Allocation Committee (FAAC) and Nigeria National Petroleum Corporation (NNPC) following delay by Nigeria Petroleum Development Company (NPDC), an NNPC subsidiary, to offset…
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YINSON HOLDINGS BERHAD has been awarded contracts for the charter, operations and maintenance of a floating production storage and offloading (FPSO) vessel by FIRST Exploration & Petroleum Development Company Ltd for use at the…
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Concerned about the colossal loss of revenue by the country through oil theft and pipeline vandalism, the organised private sector (OPS) are working round the clock to address this hydra-headed monster by adopting Alternative Crude…
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