Valuechain - Nigeria's foremost Online Energy News Platform

Stakeholders in oil and gas industry yesterday said that total deregulation of the downstream sector of the petroleum industry would unlock the huge private investment potentials in the sector and stimulate sustainable growth. They…
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OPEC oil supply fell in December by the largest amount in almost two years, a Reuters survey found, as top exporter Saudi Arabia made an early start to a supply-limiting accord while Iran and Libya posted involuntary declines. The…
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As the Nigerian National Petroleum Corporation (NNPC) intensifies its search for hydrocarbon deposits in the Benue trough, the Group Managing Director of the Corporation Dr. Maikanti Baru, has said that plans have been concluded for the…
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An oil field operated by Conoil at the weekend exploded and went up in flames at Koluama, Southern Ijaw Local Government Area, Bayelsa State. A group, which identified itself as the Koluama Seven Brothers (KSB), claimed responsibility…
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The Organisation of Petroleum Exporting Countries (OPEC) formed in 1960 had the mandate of coordinating and unifying the petroleum policies of its member countries and to ensure the stabilisation of oil markets in order to secure an…
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Oil prices will continue to be under pressure in 2019, but they won’t collapse, as was the case back in 2016. The world’s major suppliers, Russia, Saudi Arabia, and China will continue to pump more oil into the market, as a slow-down in…
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Due to recent development in the oil sector, Nigeria is projected to lose about 226,300,000 million barrels of oil production in 2019. This accounts for about 27 per cent of its current year’s target. The loss is sequel to the…
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Total Nigeria Plc has announced plans to invest heavily in renewable power sources as part of its major projects for 2019. Managing Director of the company, Imrane Barry, disclosed this at the company’s 2018 end-of-year and award…
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As the country journeys through the new year 2019, analysts, industry operators and stakeholders in the Nigerian economic sector examine into the issues that the government should focus on in its drive to grow the lot of the country -…
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In order to encourage investment in modular refinery in the country, the Federal Government has given approval for the reduction of import duty rates on modular refinery equipment and components. The Federal Ministry of Petroleum…
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