Valuechain - Nigeria's foremost Online Energy News Platform

There is an indication that Nigeria has lost the sum of $3.5 billion to gas flaring in five years between January 2014 to April 2019 in nine states of Rivers, Kaduna, Imo, Edo, Delta, Bayelsa, Anambra, AkwaIbom and Abia. This is even as…
Read More...

A New York-based Natural Resource Governance Institute (NRGI) yesterday stated that the financial reports of the Nigerian National Petroleum Corporation (NNPC) do not contain systematic financial information that would enable the federal…
Read More...

The Nigerian National Petroleum Corporation (NNPC) has said that Nigeria’s effort to reduce debt owed to its foreign oil partners is progressing well and helping the country to bolster exploration and production. NNPC’s Group Managing…
Read More...

•‘Attempt to remove subsidy must be well-managed’ The landing cost of Premium Motor Spirit, also known as petrol, is N35 higher than the pump price of N145 per litre, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said…
Read More...

The minister of state for petroleum resources, Ibe Kachikwu, yesterday in Lagos, said queues at filling stations has nothing to do with petrol supply scarcity but as a result of logistics challenges and urged the public to ignore rumours…
Read More...

The Nigerian National Petroleum Corporation (NNPC),yesterday says it has fast-tracked contracting cycle for Upstream operations from 24 months to 9 months with a strong promise to further reduce the process to less than six months in the…
Read More...

It is not clear if any record exists of how much gas Nigeria has flared since oil production began in fields in the Niger Delta region around 1956, but it is evident that the practice which is as old as oil production in the country has…
Read More...

Tiger Woods produced a scintillating finish to win a fifth Masters title and end an 11-year wait to claim a 15th major. There were raucous celebrations around the 18th green as Woods finished with a two-under-par 70 to win on 13 under,…
Read More...

-By Yange Ikyaa To calm the lingering fuel scarcity in the country, the Independent Petroleum Marketers Association of Nigeria (IPMAN), and National Union of Petroleum and Natural Gas Workers (NUPENG), have urged Nigerians to stop…
Read More...

-By Yange Ikyaa The Major Oil Marketers Association of Nigeria (MOMAN) on Friday urged Nigerians to stop panicking over fuel scarcity, while assuring the association’s effective distribution of petroleum products across the…
Read More...