Valuechain - Nigeria's foremost Online Energy News Platform

Forte Oil Plc Chairman Femi Otedola is set to sell his entire 75 per cent majority equity stake in the company in a deal estimated at about N25 billion – which translates to giving up the ownership. Forte Oil yesterday confirmed…
Read More...

Minister of State for Petroleum Resources, Ibe Kachikwu, has spent over three years in office. In a recent interview with The Guardian, Kachikwu spoke on the challenges facing Nigeria’s oil and gas sector and noted that the sector needed…
Read More...

The Nigerian National Petroleum Corporation, NNPC, Monday, disclosed that under-recovery of Premium Motor Spirit, PMS, also known as petrol, has dropped to N20 per litre from over N80 a couple of weeks back, noting, however, that the…
Read More...

Foreign investment inflow into the Nigeria petroleum industry between January and September 2018, declined sharply by 61.6 per cent to $118.2 million, compared to $307.54 million recorded in the same period in 2017. Data obtained from…
Read More...

Eland Oil & Gas PLC (AIM: ELA), an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, announces that through its joint-venture subsidiary, Elcrest Exploration and Production…
Read More...

Just a couple of weeks after OPEC and its partners agreed to implement another round of production cuts, the cartel is ready to extend these cuts as international prices continue to fall. Reuters reports, citing the oil minister of…
Read More...

The Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), and 22 other oil companies are yet to pay to the federation $3,632,075 as fines for flaring gas beyond their allowed…
Read More...

A plan by the Federal Government to boost domestic gas production for increased power generation and industrialization may materialize soon as the Shell Petroleum Development Company of Nigeria Limited (SPDC) announced the Final Investment…
Read More...

INEC is looking to make it much more difficult for elections to be rigged after the body revealed that it would introduce some new technology that will help check rigging. The Independent National Electoral Commission, INEC, in a bid to…
Read More...

Prince Talal bin Abdulaziz, a senior member of the royal family in the world’s top oil exporter Saudi Arabia, who was a supporter of women’s rights, has died at the age of 87. Prince Talal, an elder brother of Saudi…
Read More...