Valuechain - Nigeria's foremost Online Energy News Platform

The National Bureau of Statistics (NBS) released Nigeria’s Q1-19 GDP numbers on Monday as Nigeria recorded an output growth of 2.01 percent year-on-year (y/y). However, oil sector contraction dragged down the GDP. This is slower than…
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Despite President Muhammadu Buhari’s reported unwillingness to allow for private investments through equity shareholding into the refineries in Kaduna, Warri, and Port Harcourt, key agencies of the government are actually in support of…
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Contrary to a widely held view that the manufacturing of electrical cars will shrink the crude oil market, Nigeria’s black gold will remain relevant and profitable almost forever, a Professor of Petroleum Engineering has said. Prof Babs…
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Oil prices appreciated as much as one per cent yesterday after Saudi Energy Minister Khalid al-Falih indicated there was consensus among OPEC and allied oil producers to continue limiting supplies. Also, Nigeria’s oil minister said he…
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An unidentified whistle-blower who exposed an account with $223m (N80.2bn) belonging to the Nigerian National Petroleum Corporation (NNPC) has accused the office of the Attorney-General of the Federation of withholding his rightful…
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• Experts advance reasons for oil theft as nation lost $55b in 10 yrs• EFCC, Navy talk tough on pipeline vandalism Nigerians living far from petroleum depots or in mountainous and riverine communities may be burdened with high price of…
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The Nigerian National Petroleum Corporation (NNPC) has explained the recent staff movements in the Corporation, saying it was normal replacement and backfill exercise to bridge the gap occasioned by impending retirement of some management…
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The Minister of State For Petroleum Resources, Dr. Ibe Kachikwu, on Thursday said the Nigerian National Petroleum Corporation has incurred a cumulative loss of N85.5 billion in importing petrol and selling at the current retail price…
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Nigeria’s daily crude oil output is about to be 240,000 barrels per day short as the second largest export pipeline network; the Trans-Forcados Pipeline (TFP) went on flame late Sunday. The Nation could not immediately ascertain the…
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Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages. It was less clear how far Russia, their main partner in…
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