Valuechain - Nigeria's foremost Online Energy News Platform

Oil Prices have finally rose amidst supply cuts led by OPEC and sanctions impose on Iran and Venezuela though analysts have predicted US escalating outputs and   raised concern over economic growth U.S. West Texas Intermediate (WTI)…
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Sirius Petroleum, the Nigeria-focused oil and gas development and production company, has entered into a Crude Handling Agreement (‘CHA’), in line with the Company’s commercial offshore strategy, with the Terminal Operator of the…
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Offshore drilling contractor Shelf Drilling has secured a six-month contract extension for the Shelf Drilling Resourceful jack-up rig. Shelf Drilling said on Monday that the six-month extension was in direct continuation of its…
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Thirty-four piracy and 20 sea robbery attacks were recorded in the nation’s maritime domain last year, the Nigerian Navy (NN) said on Monday. Also 46 vessels, barges and 31 big wooden boats were impounded within the period under…
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FSDH Merchant Bank has advised the federal government to adjust the $60 per barrel budget benchmark for crude oil price, in view of forecast of lower crude oil price in 2019. The bank also called for strategies to guard the economy…
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In another first in the Nigerian oil and Gas industry, Shell Nigeria Exploration and Production Company (SNEPCo), has trained three Nigerians in special seabed survey, a discipline largely dominated by expatriates in the country’s…
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Former US President Bill Clinton has canceled his trip to Nigeria ahead of Saturday's general elections, saying the visit could be "politicized." Clinton was scheduled to visit the capital, Abuja, this week alongside Baroness…
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The management of Nestoil has said collaboration among local oil companies in the country will transform them into regional powerhouses capable of harmonising the economies of the West African region with the whole of Africa’s. …
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In the aftermath of a United States House of Representatives Committee approval of a bill that would open up the Organization of the Petroleum Exporting Countries (OPEC) to antitrust lawsuits, it’s Secretary-General, Sanusi Barkindo, on…
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Shell, others lament $2.1bn hike in operating cost Nigeria, Africa’s biggest crude exporter, has suffered an average of 40 per cent capital flight in deepwater oil project’s execution, New Telegraph has learnt. Shell and other…
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