Valuechain - Nigeria's foremost Online Energy News Platform

The Nigerian government has accused former President Goodluck Jonathan and his then oil minister of accepting bribes and breaking the country’s laws to broker a $1.3 billion oil deal eight years ago, a London court filing shows. The…
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-By Yange Ikyaa Oil production from Nigeria’s deepwater province is currently 850,000 barrels per day, representing 40.47 per cent of the total production of 2.1 million barrels per day.The Director, Department of Petroleum…
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*As communities threaten firm, state demands Aiteo Eastern Exploration and Production Company’s Nembe Creek Trunk Line, NCTL, is still under shutdown, affecting the export of Nigeria’s number one crude grade, Bonny Light,…
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Rivers State Governor, Nyesom Ezenwo Wike has blamed multinational oil companies operating in the state for encouraging insecurity by patronizing cultists for surveillance jobs. The governor particularly blamed the Shell Petroleum…
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The pump price of aviation fuel (better knows as Jet A1) yesterday sold for over N270 per litre in some airports across the country from a previous average price of N230-250 per litre, forcing most local airlines to consider an upward…
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Offer prices for West African grades remained high but have not ramped up significantly despite tightened U.S. sanctions on Iranian oil, which will leave top buyers India and China looking for replacement barrels. Shell confirmed that…
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A pipeline installation to transport dry gas through the North and South corridors to the West corridor has been approved by the Federal Executive Council at the cost of N2.5bn. The 30-kilometre project, which is operated by Shell and…
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The Organisation of Petroleum Exporting Countries, OPEC’s April supply dropped to 30.23 million barrels per day (bpd) showing a four-year low. This came as OPEC’s biggest production gain occurred in Nigeria, where Total’s Egina field…
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Fears are rife that Nigeria may not accomplish the much touted stoppage of gas flaring by 2020, which is just seven months away. Sweetcrude gathered that the government has not shown any clear-cut strategy, as there is loose legislative…
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Sunday’s violent pirate attack in which shots were fired and Boskalis’ heavy transportation vessel was hijacked was most likely an act committed by Nigerian pirates. Luckily there were no casualties as the crew locked itself in the citadel…
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