Valuechain - Nigeria's foremost Online Energy News Platform

Oil and gas companies operating in Nigeria got a total of 12,383 service permits in 2018 for the services rendered in the sector. The Department of Petroleum Resources said the service permits were issued in three categories. In a…
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Marketers are likely to record positive growth if the Central Bank of Nigeria’s (CBN) directive to commercial banks on freezing interests on loans taken by them (marketers) to import petroleum products into the country is implemented, the…
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The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, says the Federal Government’s “OB3” gas pipelines project will be completed in the second quarter of 2019. Baru gave the assurance at the…
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An oil firm, Petroleum Zion Nigeria Limited, has appealed against a Lagos High Court, Igbosere ruling in a case of breach of contract against two foreign oil firms and some Nigerian companies. Petroleum Zion sued PJT Partners UK…
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Federal government has charged gas producing companies in the Niger Delta to do more to help government in its efforts to end gas flaring by taking advantage of available gas processing plants around the region. The Group Managing…
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Total SA is poised to start exports of crude from a major new offshore field in Nigeria, adding to global supplies at a time when oil prices are plunging. Shipments of Egina crude from a floating offshore production vessel have been…
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The Nigerian Federal High Court will deliver its ruling regarding Lekoil increasing its stake in license OPL 310 offshore Nigeria in late March. Lekoil, which holds an unconditional 17.14 percent interest in the OPL 310 located in…
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The Academic Staff Union of Universities (ASUU) has suspended its three-month old strike after signing all agreements with the Federal Government. The agreement was reached through at the end of the conciliatory meeting held at the…
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Crude oil exports from the United States to the United Kingdom overtook supplies from other countries including Nigeria for the first time since such shipments began in 2015. In January, the US supplied the equivalent of almost one in…
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The Nigerian National Petroleum Corporation (NNPC) said it was committed to pursuing the Federal Government’s aspiration of aggressively deploying the nation’s vast gas resources for economic growth. A release today in Abuja by…
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