Valuechain - Nigeria's foremost Online Energy News Platform

US Energy Secretary Rick Perry said Thursday that anti-OPEC legislation getting renewed attention in Congress could have the unintended effect of spiking oil prices in the long term, the strongest comments against the measure on which…
Read More...

Petroleum products imports into Nigeria, slumped as just one of the 26 vessels expected into the Lagos ports between now and March 11, is conveying premium motor spirit (PMS). Latest Shipping Position released by the Nigerian Ports…
Read More...

The victory of President Muhammadu Buhari at the just-concluded polls may create stability in the nation’s economy, particularly the oil and gas sector, but challenges confronting the industry may remain. Analysis by global…
Read More...

Nigeria earned a total of N5.54tn from oil revenue last year, figures obtained from the Central Bank of Nigeria revealed. The N5.54tn revenue was earned through three major oil revenue sources. They are crude oil/gas sales,…
Read More...

Full-year 2018 Value Added Tax (VAT) data published by the National Bureau of Statistics (NBS) show Nigeria’s offshore operations have been stagnating in the last five years. Offshore operations contributed N2.20 billion to a VAT…
Read More...

A local official says more than 50 people are missing after a leaking oil pipeline exploded and caused a stampede in southern Nigeria. The Nembe Chiefs Council spokesman, Chief Nengi James-Eriworio, tells The Associated Press that…
Read More...

Group Maanaging Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has disclosed that capital investment in Africa’s oil and gas industry will attract about $194 billion from 2018 to 2025, out of which $48…
Read More...

Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) seems to be on war path with the management of ExxonMobil over its plan to disengage its local workers. The association, in a statement by its president,…
Read More...

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has called on investors to utilize the over $48billion investment opportunities available in the upcoming capital projects within…
Read More...

The Centre for Anti-Corruption and Open Leadership (CACOL) has lamented Nigeria’s over-reliance on oil and gas as the mainstay of its economy, almost 60 years after independence, saying that this has been responsible for much of the…
Read More...