Valuechain - Nigeria's foremost Online Energy News Platform

Crude oil prices climbed for a fifth session in a row to hit $58 yesterday, rallying from last December 2018’s 18-month low, thanks to the production cuts by the Organisation of Petroleum Exporting Countries (OPEC) and more stable equity…
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Amid cautious economic projections for the nation’s economy by experts in the new year, Edo State Governor, Mr Godwin Obaseki, has assured that the recent addition of Egina production facility to the bouquet of income streams in the…
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Stakeholders in the oil and gas sector yesterday said implications of the resumption of hostility against oil facilities in the Niger Delta by militants may cripple implementation of the nation’s budget benchmarked at $60 per barrel and…
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The United Nations says Nigeria lost an estimated 2.8 billion dollars in revenues in 2018, mainly due to oil-related crimes. This is according to a new ‘Report by the Secretary-General on the activities of the United Nations Office for…
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The Nigerian National Petroleum Corporation (NNPC) has affirmed that it is keen on meeting its December 2019 deadline proposed by the Federal Government to end the importation of petroleum products. This will be a progress, seeing…
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The Nigerian Employers’ Consultative Association (NECA) has urged the Federal Government to remove fuel subsidy, which has become a conduit pipe for the misappropriation of funds. It argued that it subsidy was not sustainable, as the…
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Following media reports that daily subsidy payouts by the government had hit N2.43 billion, the Petroleum Products Pricing Regulatory Agency (PPPRA) on Monday debunked the claims, saying it had not computed subsidy claims since 2015. …
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The Petroleum Products Pricing Regulatory Agency (PPPRA) said it has observed a downward trend in the Expected Open Market price of petrol to be below the government …
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The Managing Director, Tanzila Petroleum Company, Alhaji Shehu Badamasi has said that for the global oil industry, the only thing that is certain now is change; that is already a cliché and that there is no job in the oil industry that…
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Penspen, a leading global provider of engineering and project management services to the energy industry, is pleased to announce that it has been awarded a contract by the Office National des Hydrocarbures et des Mines (ONHYM) and the…
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