Valuechain - Nigeria's foremost Online Energy News Platform

Projected demand drop of over 1.4 million barrels per day of crude oil at the international market may provide brief succour for Nigeria’s economy, which has been gasping for breath over soaring oil prices. Although a rise in oil…
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Nigeria’s Federal Ministry of Petroleum Resources has unveiled plans for the 6th edition of the Nigeria International Energy Summit (NIES 2023). The official Oil and Gas meeting of the Federal Republic will take place in Abuja from…
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The group managing director of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari has attributed the LEADERSHIP Award to the teamwork of the management and staff of the company, noting that the recognition would…
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The number of functional crude oil production rigs in Nigeria decreased by 37.5 per cent to just 10 operational rigs in March 2022, the Organisation of Petroleum Exporting Countries has said. An oil rig, offshore platform, or oil…
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The quantity of premium motor spirit (PMS), popularly called petrol, consumed in Nigeria each day, has risen from 72.07 million litres a day in December 2021 to 74 million litres per day as at the week ended April 3, 2022. This…
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The growing amount of money needed to pay for petrol subsidy that would see the Federal Government spend N4 trillion in 2022 is unsustainable, a former Executive Director, Corporate Planning and Strategy, Nigerian National Petroleum…
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The Managing Director of Duport Midstream Company Limited, Dr. Akintoye Akindele, has said the Duport Energy Park will boost the production of naphtha, diesel, kerosene, CNG, LPG and LNG in the state, in furtherance of the state…
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The House of Representatives Ad hoc Committee investigating the state of refineries in Nigeria has issued a 7-day ultimatum to the Minister of State for Petroleum, Timipre Sylva to appear before the committee or risk the wrath of the…
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