Valuechain - Nigeria's foremost Online Energy News Platform

The National Minimum Wage Act CAP N61 LFN (repeal and re-enactment) Bill, 2019, has been read for the third time and passed by the Senate today (Tuesday). A report by the Ad hoc committee on National minimum wage was presented…
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The Royal Dutch oil firm, Shell, has said its operations in Nigeria’s oil industry could face adverse impacts if the business environment in Nigeria deteriorates. Shell which has considerable interests in Nigeria’s oil industry and…
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The Health of Mother Earth Foundation and We the People yesterday asked the Federal Government to withdraw its order for resumption of oil exploration in Ogoniland. Nnnimo Basset and Ken Henshaw, Executive Directors of the groups said…
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The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria’s crude oil blend – the Bonny Light – was among the top price earners in its February Oil price Reference Basket (ORB), with a 7.7 per cent price gain from…
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Former head of state and elder statesman, Gen. Yakubu Gowon and group managing director of the Nigerian National Petroleum Corporation(NNPC) would be honoured at the second annual international conference and exhibition of the Oil and Gas…
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President Muhammadu Buhari has ordered full takeover of OML 11 operatorship from Shell – exactly 25 years after the company exited crude oil production in Ogoni land. The hurdles ahead of this move is examined A few days before…
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The price of Organization of Petroleum Exporting Countries basket of fourteen crudes stood at $66.91 a barrel on Friday, compared with $67.29 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of…
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The licence of a joint venture partner in Oil Mining Lease 11 has not been revoked as speculated but stakeholders are concerned about the recent presidential directive on the operatorship of the oil block. The licence for Oil Mining…
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The Nigerian National Petroleum Corporation (NNPC) has said that 1.80billion litres of petrol, translating to 58.17m litres a day, were supplied in December 2018. The details of the product supply were captured in the corporation’s…
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OPEC Secretary General Mohammad Barkindo said on Sunday that compliance with a supply cut agreement between OPEC and non-OPEC members was improving, and that this would help the oil market to weather through the build up of oil…
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