Valuechain - Nigeria's foremost Online Energy News Platform

Korean shipbuilding giant, Samsung Heavy Industries (SHI) has transformed Nigeria into a hub for fabrication and integration of Floating Production Storage Offloading (FPSO) unit in Africa, the Nigerian Content Development and Monitoring…
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Saudi Arabia’s Energy Minister, Khalid Al-Falih, has said that member countries of the Organisation of Petroleum Exporting Countries (OPEC) and its allies led by Russia still have a lot of work to do to balance global oil markets, and are…
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Talk of a man who sees opportunity in strange and dangerous places in Africa, the name Dangote may be within the first 10. Dangote, the richest man in Africa is leaving no stones unturned in making sure that the Dangote Refinery comes to…
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The Nigerian National Petroleum Corporation (NNPC) today (Sunday) released its December 2018 financial and operations report, which indicates that it posted a trading surplus of ₦12.13 billion, a development it said sprang from the success…
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The news broke last week through a memo signed by the Chief of Staff to the President, Abba Kyari, on behalf of the Presidency directing that the Nigeria National Petroleum Corporation (NNPC) take over the Oil Mining Lease (OML) 11 from…
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A call has been made to oil firms operating in Rivers State to invest massively in human capacity development, in order to produce the needed manpower to drive the economy of the country and complement government’s efforts to improve…
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OPEC’s secretariat urged oil producers to keep going with efforts to prevent a surplus this year, as supplies from their rivals increase faster than world demand. Key OPEC members and their allies will meet this weekend in Baku,…
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Twelve ships carrying various products have arrived at Apapa and Tin-Can Island ports, waiting to berth, the Nigerian Ports Authority said in its daily publication on Wednesday in Lagos. The shipping position of the NPA is a…
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The price of Bonny Light, Nigeria’s premium oil grade has risen from $66.00 to $67.48 per barrel, the highest in recent times, as the Organisation of Petroleum Exporting Countries, OPEC; continue to eliminate excess oil from the global…
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The Ooni of Ife, Oba Enitan Ogunwusi, has said that the greatest misfortune that has ever befallen Nigeria as a nation was the discovery of oil and gas. Ogunwusi said this late on Friday during a courtesy visit by the National Executive…
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