Valuechain - Nigeria's foremost Online Energy News Platform

In the realm of African energy, few voices resonate with as much authority and insight as that of Dr. Omar Farouk Ibrahim, the Secretary General of the African Petroleum Producers’ Organization (APPO). With nearly four decades of…
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Prof. Omowumi O. Iledare 1.0   Preamble      The Presidential Executive Order (PEO) 2024 to incentivize non-associated (NAG) Greenfield Development has received great acclamation among industry stakeholders and energy analysts.…
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Fuel Pumps The government has instructed the National Petroleum Authority (NPA) to halt the enforcement of the Price Stabilization and Recovery Levy (PSRL) on the price build-up of petroleum products. This suspension will be effective…
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Mele Kyari, Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC), has revealed plans for a major overhaul of the country’s petroleum products pipeline network during a recent address at the Society of…
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The Nigerian National Petroleum Company (NNPC) Limited has denied claims that it has reduced the pump prices of petrol and diesel. The NNPC spokesperson, Olufemi Soneye, in a statement, described the claims as false, asking…
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The Minister of Petroleum Resources (Oil), Heineken Lokpobiri has said the solution to Nigeria’s numerous challenges was in the petroleum sector which he noted, handles the highest percentage of forex transactions. Lokpobiri made…
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The Nigerian National Petroleum Company Ltd (NNPC) has recorded about 136 incidents of crude oil theft between the 16th and 22nd of March 2024. This was stated during the weekly show Energy and You aired on NTA where details of the…
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Oil prices settled lower on Tuesday as the market weighed the loss of Russian refinery capacity after recent Ukrainian attacks, with Brent crude losing 50 cents to trade at $86.25 a barrel, while the US West Texas Intermediate (WTI)…
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) held a meeting with crude oil producers and refinery owners in Nigeria to ensure full adherence to the Domestic Crude Oil Supply Obligation (DCSO) as outlined in the…
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…Sector To Surpass Production Target Lokpobiri Barring any unforeseen circumstances Nigerian Oil and gas sector shall witness investments to the tune of $5 billion, the Minister of State Petroleum Resources (Oil) Senator Heineken…
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