Valuechain - Nigeria's foremost Online Energy News Platform

Eland Oil & Gas PLC on Thursday in a new report on its OML 40 and Ubima licences announced an increase in the proved reserves and in Eland’s net present value. The oil and gas production and development firm, also said the borrowing…
Read More...

The rising incidence of crude oil theft is not only getting out of hand but is costing Nigeria staggering sums and must be nipped immediately by the current administration. The cabal responsible for the leakage must be smashed and the…
Read More...

The Nigerian National Petroleum Corporation (NNPC) has disclosed that Nigeria and the United States of America had been very good partners with about $35billion worth of trade between the two countries. The group managing director of…
Read More...

Nigeria and Sao Tome and Principe Thursday gave French oil company, Total, exclusive right to begin exploration for oil in three blocks – 7, 8 and 11, located within the hydrocarbon-rich Joint Development Zone (JDZ) owned by both countries…
Read More...

The Nigerian National Petroleum Corporation (NNPC) has assured petroleum products consumers across the country not to engage in panic buying as it holds 2.6billion litres of Premium Motor Spirit otherwise called petrol and90,000 metric…
Read More...

OPEC members are increasingly concerned about the passage of anti-OPEC legislation in the US while President Donald Trump’s oil price-focused tweets have added new uncertainties to the market, Mohammad Barkindo, OPEC’s secretary general,…
Read More...

First Exploration & Petroleum Development Co. has contracted Yinson Holdings to operate an FPSO for the Anayala and Madu oil discoveries offshore Nigeria. The fields are in oil mining leases 83 and 85 in the shallow-water Niger…
Read More...

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has called for more integration among countries within the West African sub-region towards providing lasting solutions to the region’s…
Read More...

The United Kingdom’s two liquefied natural gas imports terminals on the shores of the Milford Haven waterway are set to receive three cargoes in the coming days. The first delivery will be made onboard the 210,000-cbm Q-Flex LNG…
Read More...

The Nigerian Maritime Administration and Safety Agency, NIMASA, said it is focused on ensuring that the nation’s crude oil trade terms are changed from the present Free on Board, FOB to Cost Insurance Freight, CIF. Disclosing this in…
Read More...