Valuechain - Nigeria's foremost Online Energy News Platform

In recent weeks the rising oil prices has escalated the amount of theft, and owners of oil and gas companies are no longer having itThey are calling on the federal government to help as most of what they produced are stolen by unknown…
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Nigeria’s billionaire businessman, Tony Elumelu has stated that the country couldn’t meet its oil production quota as approved by the Organisation of Petroleum Exporting Countries (OPEC) due to huge volume of crude oil theft. His…
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Apart from retaining its position amongst the leading oil and gas producers in Africa in 2022, Nigeria, with over 37 billion barrels of crude oil reserves, has the potential to improve its energy exports to Europe and help address…
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By YANGE IKYAA Seplat Energy Plc, a leading indigenous energy company and its partners, the Nigerian Petroleum Development Company (NPDC), have awarded certificates to a total of 220 people, comprising 214 teachers and 6 Chief…
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The International Monetary Fund, IMF has named the fear of political resistance, widespread corruption and pressure from interested groups is hampering the removal of fuel subsidy in Nigeria. The IMF said this in its ‘Nigeria:…
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As scarcity of the Premium Motor Spirit (PMS) persists in the Federal Capital Territory (FCT), tanker drivers and other haulage vehicles under the aegis of the Nigerian Association of Road Transport Owners (NARTO) may begin full…
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Parent company of Nigerian Agip Oil Company, NAOC, has lifted force majeure on Brass terminal, Bonny NLNG and Okpai power plant following restoration of the Ogoda/Brass 24″ oil pipeline at Okparatubo, Nembe Local Government Area,…
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Oil prices climbed over 7% on Thursday after the International Energy Agency (IEA) said three million barrels per day (bpd) of Russian oil and products could be shut in from next month and despite the U.S. Federal Reserve’s decision to…
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The federal government has warned depot owners to desist from selling Premium Motor Spirit (PMS) above the ex-depot price approved by the government or face severe sanctions. Minister of state for Petroleum Resources, Chief Timipre…
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Hope for lower price as PHR depot gets supply Power generation remains low, no payment for unused capacity — NERC As the Federal Government continues efforts to resolve the energy crisis facing the country, independent marketers…
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