Valuechain - Nigeria's foremost Online Energy News Platform

With production declining and investment scarce, the Angolan leadership has put in place a number of new policies to reboot its oil industry and propel economic development. However, those changes take time and renewed deep-water oil and…
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The Nigerian National Petroleum Corporation says it has blocked leakages in the country’s oil and gas downstream sector valued at $1bn (N307bn at the official exchange rate of N307 to a dollar) per annum. The corporation said the…
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Henry Ikem Obih, chief operating officer, Downstream, Nigerian National Petroleum Corporation on his country’s plan to become a refining hub and its cooperation with the energy industry in Niger Nigeria and the Republic of Niger…
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Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $51.92 per barrel…
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Crude oil futures settled on Wednesday after the release of American Petroleum Institute data showing a draw in US crude stocks, with bearish factors generally dominating the market. Brent crude futures settled at $60.53/per barrel, while…
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Eko Refinery and Petrochemical Company has appealed to the Federal Government to support local refiners with sovereign guarantees loans for the completion of their modular refineries. Mr. Emmanuel Iheanacho, the Chairman of the Company,…
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The majority shareholder of Forte Oil Plc, Femi Otedola, is planning to buy out the company’s upstream services and power distribution firm to be ratified by the shareholders on February 7. Akinleye Olagbende, the firm’s Company…
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•Seme Command raked in N1.055bn in Dec The Nigeria Customs Service has generated about N3.1tn revenue in the last three years, Public Relations Officer of the Service, Deputy Comptroller, Joseph Attach said in Abuja on Tuesday, adding…
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Electricity distribution companies in the country received a total of 391,066 complaints from consumers in the first nine months of last year, the Nigerian Electricity Regulatory Commission has said. Customer complaints, which stood at…
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The Joint Task Force of the security agencies in Ondo State on Tuesday arrested six persons with ammunition at Emure Ile in Owo Local Government Area of Ondo State. The task force, which includes the police, the army, and the Nigeria…
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