Valuechain - Nigeria's foremost Online Energy News Platform

The Federal Government has been urged to put in place necessary measures that would encourage building of more refineries across the country.Speaking in Awka, a public affairs analyst, Chief Jude Emecheta said this would reduce…
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The Organisation of Petroleum Exporting Countries(OPEC) Secretary General, Haitham Al Ghais, at the weekend  said the oil industry needs to increase investments in capacity and new production to avoid rampant volatility.Al Ghais…
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An oil and gas expert has disclosed that subsidy regime, opaque method of distribution, insecurity, oil theft and point of distribution challenges are the reasons for the lingering fuel shortage in Nigeria.Gbenga Adeoye, an oil and…
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Amidst lingering queues at petrol filling stations, the Central Bank of Nigeria (CBN) has said that the country spent a total of $8.71billion on the importation of petroleum products in the first six months of this year.The apex…
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The scarcity of Premium Motor Spirit (PMS), otherwise known as petrol, is due to the inability of marketers and some depot owners to pay for the services of ‘daughter’ vessels required to evacuate imported fuel from the ‘mother’…
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Tankers are carrying a combined worth of $2bn in natural gas and slowly sailing around northwest Europe and the Iberian peninsula.More than 30 tankers holding liquefied natural gas (LNG) are idling just off Europe’s shoreline…
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Exxon Mobil Corp (NYSE:XOM) will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled since a 2015 pipeline spill.The sale comes after a failed bid this…
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The African Petroleum Producers Organization (APPO) has reappointed Dr. Omar Farouk Ibrahim as its Secretary General during the APPO Ministerial Council Session held in Luanda, Zambia, a move that will usher in a new era of growth…
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–By Danlami Nasir IsaNigeria, Africa’s largest economy and most populous nation, is blessed with 44 different types of mineral resources in commercial quantities, which are found in over 500 locations in the 36 states of the…
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-By Yange IkyaaSince CFAO and Moove recently announced a partnership to ensure easier access for Nigerians to brand-new vehicles, the Suzuki S-Presso has suddenly become the new leader in the class of compact vehicles on Nigeria…
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