Valuechain - Nigeria's foremost Online Energy News Platform

More than two years after the Nigerian National Petroleum Corporation reiterated its commitment to two Liquefied Natural Gas projects in the country, there is still uncertainty over whether the multibillion-dollar projects will come on…
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The Nigerian Navy has said that it recorded about thirty-four (34) pirate ship attacks in 2018, stating that evasive maneuver from the legal regime have been the bane in the fight against oil theft prosecution. Director of Training…
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Nigeria earned N3.72 trillion from royalties and petroleum profit tax, PPT, in the oil and gas sector in 2018, according to data obtained from the Central Bank of Nigeria, CBN. The CBN, in its Economic Report for the Fourth Quarter…
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President Muhammadu Buhari has commended Nigerians for keeping faith with his government and giving him another four-year mandate, assuring that he will continue to serve the nation diligently. The President who spoke at the…
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President Muhammadu Buhari has scored the highest votes in the 2019 presidential election polling 15,191,847 votes. His closest challenger and former vice president, Atiku Abubakar, of the Peoples Democratic Party (PDP), polled…
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There is no single E&P company on the list of the current beneficiaries of the Pioneer Status Incentive of the Nigerian Investment Promotion Commission (NIPC). But the oil and gas industry is not entirely excluded. Three…
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Exports of two Nigerian crude oil grades, Qua Iboe and Bonny Light, are set to rise in March. April loading programmes for several Nigerian grades emerged late last week, according to Reuters. Exports of Qua Iboe, the…
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Sirius (AIM: SRSP), the Nigeria-focused oil and gas development and production company, is pleased to announce that it is in advanced stages of discussions on funding which will enable it to conclude a funding facility to be…
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*Shell upstream boss Brown sees ‘no merit’ in tax claim *Bonga Southwest development decisions may slip into 2020 *Shell to fast track Whale development in Gulf of Mexico Royal Dutch Shell said on Tuesday that Nigeria’s claims…
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With Nigeria relying heavily on oil as its main source of revenue, the recent move by Organization of the Petroleum Exporting Countries (OPEC) to cut down daily oil production of member countries would cripple the expected revenue from…
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