Valuechain - Nigeria's foremost Online Energy News Platform

The importation of refined petroleum products will decline in March 2019, even as Nigerians consume an average of 53.2m litres of PMS daily. According to the latest Shipping Position Report released by the Nigerian Ports Authority…
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Shell will be prosecuted for criminal charges relating to a $1.3 billion settlement for an oil exploration licence in Nigeria, the company said on Friday. The Dutch Public Prosecutor's Office (DPP) informed Shell it is nearing the…
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Stakeholders in the Nigerian oil and gas sector says the re-election of President Muhammadu Buhari is a good omen for the oil and gas sector. Some of the stakeholders including staff of the Nigerian National Petroleum Corporation (NNPC)…
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The oil price roller coaster has definitely been on the up side over the past two months, up $10 a barrel from the mid-December through, much of the credit belonging to overseas producers who have reduced supply to stabilize the…
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Nigeria implemented its portion of the OPEC+ production deal in February, said the country’s oil minister, a move that enhances the impact of supply cuts that have already boosted crude prices. “We’re basically complying, effective…
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The Federation Accounts Allocation Committee (FAAC) has shared a total of N610.368 billion to the three tiers of government. According to a statement on Wednesday by the Director of Information at the Ministry of Finance, Hassan Dodo,…
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Nigeria’s state oil company NNPC indicated that output from the new ultra deepwater Egina field would be classified as condensate and not oil, adding that the country would conform to a OPEC-led production cut. Asked if the Egina…
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San Leon Energy plc, the AIM listed company focused on oil and gas development and appraisal in Africa, announced on 10 December 2018 that Eroton, the operator of the OML 18 licence, onshore Nigeria, was preparing to spud the new well…
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Yinson Holdings Bhd has bagged contracts worth US$901.79 million (RM3.67 billion) for the charter, operations and maintenance of a floating production storage and offloading (FPSO) vessel by First Exploration & Petroleum…
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The Nigerian National Petroleum Corporation, NNPC, Thursday, disclosed that there are currently over $48 billion investment opportunities in the Nigerian petroleum industry, while it called on foreign investors to tap into these…
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