Valuechain - Nigeria's foremost Online Energy News Platform

AIM-listed Eland Oil & Gas, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, has announced a new accordion facility and increased borrowing base. In November 2018, the…
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Eight months after the signing of the Front End Engineering Design contract for Train 7 of the Nigeria LNG Limited, there is still uncertainty as to when the shareholders will take the final investment decision on the project. The…
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President Muhammadu Buhari has ordered the re-entry of oil production in Ogoniland as well as full takeover of operatorship of Oil Mining Lease (OML) 11 from Shell Petroleum Development Company (SPDC). OML 11, which lies in the…
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President Muhammadu Buhari has declined assent to the National Oil Spill Detection and Response Agency Amendment Bill 2018 recently passed by the National Assembly. His decision to reject the bill was conveyed in a letter dated January…
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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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Chevron Nigeria Limited (CNL) and Nigerian National Petroleum Corporation (NNPC) have agreed to supply 70 million standard cubic feet per day (mmscf/d) of natural gas to Dangote Fertilizer Limited for start up and operation of the new…
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The Nigerian National Petroleum Corporation, NNPC, is set to reduce unemployment in Nigeria as it begins recruitment into the corporation. NNPC In a statement posted at its website, the Corporation stated: “We are hiring. Are you…
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Crisis is brewing between Atesuo, an Ijaw community in Warri North Local Government Area, Delta State and Nigerian Petroleum Development Company, NPDV/ELCREST JV over mobilization of personnel and equipment for dredging, drilling and…
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U.S. shale companies have benefited from the supply-cut efforts from OPEC and its allies that boosted prices, OPEC Secretary General Mohammed Barkindo said during a Houston energy conference on Monday. His comments came ahead of an OPEC…
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The Nigerian Content Development and Monitoring Board has rejected a total of 1,494 expatriate quota applications, industry data obtained from the Federal Ministry of Petroleum Resources on Tuesday have revealed. It was also gathered…
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