Valuechain - Nigeria's foremost Online Energy News Platform

United States’ sanctions against Iran and Venezuela, fighting in Libya and production cuts led by the Organisation of Petroleum Exporting Countries (OPEC) yesterday pushed crude oil price to a five-month high of $70 per barrel, as…
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Between 2008 and 2017, Nigeria lost a total of N205.4 billion worth of petroleum products to vandals who hacked into petroleum products pipelines of the Nigerian National Petroleum Corporation (NNPC), a report from the state-run oil…
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Femi Otedola, the billionaire businessman, has offered to foot the medical bills of Christian Chukwu, former Super Eagles’ coach, according to reports. Chukwu, one of Nigeria’s most influential footballers in history who captained the…
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The average production cost for a barrel of oil in Nigeria has declined to just US$23 a barrel, Petroleum Minister Emmanuel Ibe Kachikwu told local media, adding that oil companies were not stopping there and were aiming to reduce this…
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-By Yange Ikyaa Momas Electricity Meter Manufacturing Company Limited has said that the directive by the Nigerian Electricity Regulatory Commission (NERC) to meter manufacturers to begin the roll out of new meters by May 1 is not…
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The Federal Government has sealed a $523,823 (N185.95m) technical assistant financing pact with the Islamic Development Bank for Nigeria’s textile industry and the funding of the National Hajj Commission. The agreement was confirmed on…
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Out of 390 oil blocks in the country, 211 are yet to be allocated by the Federal Government, latest data obtained from the Department of Petroleum Resources have shown. With many other countries extending efforts to ramp up their oil…
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Global controlled flow excavation (CFE) specialist James Fisher Subsea Excavation (JFSE), part of the James Fisher & Sons PLC group, has completed its first project in Nigeria and established a base in the country. Tools will be…
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It was not the first time the Group Managing Director of the Nigeria National Petroleum Corporation, NNPC, had been upbeat about developments in the country’s oil sector in the last three years. But when he told senators recently that…
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A Turkish national, Yalcin Oktem has allegedly stabbed one Oluwaseun Ojo, the Accountant of an Osogbo-based Slavabogu Construction Company, managed by the Turks, for not writing the prefix ‘Mr’ in front of his name on the voucher presented…
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