Valuechain - Nigeria's foremost Online Energy News Platform

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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A Niger Delta militant group, that styles itself Koluama Seven Brothers on Sunday said it carried out a “warning” strike on an oil facility owned by energy company Conoil in Bayelsa. The attack was carried out on Friday, by the new…
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KEY INDICATORS IndicatorValueCommentaryInflation11.28%As at December 14, 2018. A c.2bps increase from 11.26% recorded in October 2018MPR14.00%Left Unchanged for the 12th Consecutive Time at the Nov. 22, 2018 MPC MeetingExternal…
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In the week ahead, oil traders will continue to monitor developments in U.S.-China trade talks while supply levels will also continue to capture market attention after signs of falling supply last week supported prices. The Organization…
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Oil and gas firms operating in the country flared a total of 215.9 billion standard cubic feet of natural gas in the first nine months of last year, amounting to a potential loss of N197bn. Data obtained by our correspondent from the…
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Many articles have been written this past year about the impending demise of OPEC. Shale oil, it has been argued, has ended the cartel’s stranglehold on oil prices. There’s some truth to that argument, but it also understates OPEC’s…
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