Valuechain - Nigeria's foremost Online Energy News Platform

Fuel scarcity hit the nation’s capital in September and has continued to take its tools on residents two months after. Not a few residents have questioned why filling stations hardly stock fuel but the street hawkers continue to make…
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Lee Engineering International Machinery Services Ltd., an equipment fabrication hub, will be inaugurated by the Federal Government in the first quarter of 2023 to boost oil and gas production Dr Leemon Ikpea, the Chief Executive…
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The management of Dubri Oil Company Limited, on Thursday, said about 60 barrels of its crude oil was lost daily from its production in Oil Mining Lease (OML) 96 after vandals drilled into the company’s evacuation network. It is…
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Scarcity of petroleum products will continue to be an issue in Nigeria until local refining capacity is improved, the President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, has…
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The Nigerian National Petroleum Company Limited (NNPCL) says consumers will pay N410 per litre for premium motor spirit (PMS) without the Federal Government’s subsidy. This is according to a statement by the NNPCL Group General…
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The group managing director of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, has disclosed that the oil company cannot maintain a pump price of N170 per litre for Premium Motor Spirit (PMS), popularly known as…
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Russia's President Vladimir Putin (R) shakes hands with Saudi Arabia's Crown Prince Mohammed bin Salman during a meeting on the sidelines of the G20 Summit in Osaka on June 29, 2019. (Photo by Yuri KADOBNOV / POOL / AFP) (Photo…
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The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mr Mele Kyari has alleged a threat to his life over his role in curtailing the theft of oil running into trillions of naira in the…
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Working in partnership with Tantita Security Services Ltd, the Nigerian National Petroleum Company Ltd, has again recorded another major breakthrough in it’s fight against crude oil thieves, with the discovery of another illegal…
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Nigeria’s daily crude oil production output rose above 1 million barrels per day to an average of 1,014,485 BPD in October 2022. This was disclosed in the October Crude Oil Production Report by the Nigerian Upstream Petroleum…
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