Valuechain - Nigeria's foremost Online Energy News Platform

The United States cut its imports of Nigerian crude oil by 48.87 million barrels or 43 per cent in 2018, according to the latest data released by the Energy Information Administration. The US imports of Nigerian crude fell to 64.06…
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Nigeria is struggling to generate commitment from prospective investors able to monetise gas resources currently wasted at 180 gas flaring sites across the nation where some 800 million cubic feet of associated gas goes up in smoke every…
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The government partner of the Shell Nigeria Exploration and Production Company (SNEPCo) has showered encomiums on the firm for its pioneering role in the deep-water sector of the Nigerian oil and gas industry. Group Managing Director of…
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Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company, listed on both the Nigerian Stock Exchange and London Stock Exchange, has announced its full year 2018 financial results and provides an…
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• $9bn judgment Debt: UK firm deepens move to seize Nigeria’s assets in US, UK Agency reports An Arbitral Tribunal sitting at the Lagos Court of Arbitration has awarded the federal government a whopping $1.69bn in a dispute…
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The insurance sector in the past ten years (2008-2017), recorded the highest cumulative average growth rate of 13.9 per cent in oil and gas business. But between 2015 and 2017, the sector recorded the highest growth of 40.9 per…
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The Nigerian Trawler Owners’ Association (NITOA) and the Nigeria Liquefied Natural Gas (NLNG), have clashed over a burnt fishing trawler, MV Orc iv that was gutted by fire off Bonny channel, Rivers State recently. Speaking with…
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Increased production by Nigeria and Iraq above the agreed quota by members of the Organisation of the Petroleum Exporting Countries (OPEC), in February, saw compliance level hitting 79 per cent last month, three per cent above…
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Nigeria, in January and February, imported a total of 986, 492 metric tonnes of petroleum products representing 1,387,410,984.2 litres of fuel, data from the Nigerian Ports Authority Shipping Position revealed. Frozen fish…
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Next two years promises to be bright for operators in the Nigerian oil and gas industry with an investment opportunities of $25 billion underway, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi…
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