Valuechain - Nigeria's foremost Online Energy News Platform

In the last one month, Nigerians have been experiencing fuel scarcity because of the importation of the adulterated litres of PMS from Belgium into the country. Though in the last few days, the queues in some of the filling stations in…
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The Federal Government says it will deal decisively and sanction any Depot Owner caught selling petroleum products beyond the approved Ex-Depot price in the country. Chief Timipre Sylva, Minister of State, Petroleum Resources, made…
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The president of the umbrella body that represents the gas industry, Nigeria Gas Association (NGA), Mr. Ed Ubong has said the Petroleum Industry Act (PIA) is the key that can transform the oil and gas sector, describing it as the…
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is in the process of upgrading and deploying the National Production Monitoring System (NPMS) facility towards curbing crude oil theft in Nigeria. Chief…
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The Organisation of Petroleum Exporting Countries (OPEC) has kept its key oil market projections for 2022 unchanged, but it expects to adjust the forecasts in the coming weeks when there is more clarity on the impact of the conflict in…
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President Muhammadu Buhari has expressed sincere regrets for the inconvenience caused to citizens of the country following a prolonged shortage of petroleum products, something that the administration has successfully averted in its…
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The Nigerian Navy has arrested a vessel, MT QUEEN OF PEACE, laden with an unspecified quantity of crude oil on the  Bonny Fair Way Buoy.  According to a statement released on Thursday by Navy spokesman Commodore AO Ayo-Vaughan, the…
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*Libya could become the number one oil-producing country in Africa amid Nigeria’s struggles Data from the Organisation of Petroleum Exporting Countries (OPEC) Monthly Oil Market Report (the “MOMR”) shows Nigeria’s production level…
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Says leaders need to be held more accountable... Tony Elumelu, Chairman of UBA Banking Group and Heirs Holdings has stated that the reason Nigeria cannot meet its crude oil production quota and benefit from high oil prices is due to…
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The Liquefied Petroleum Gas Retailers Branch of the Nigeria Union of Petroleum and Natural Gas workers on Wednesday raised the alarm over the recent rise in price of Liquefied Petroleum Gas, popularly called cooking gas. It said the…
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