Valuechain - Nigeria's foremost Online Energy News Platform

The Federal Government says there is no going back on plans to remove subsidy from Petrol this year, Minister of Finance, Budget and National Planning Hajya Zainab Ahmed has said in Abuja today while presenting a breakdown of the 2022…
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The Ibe-Sorimowei of Gbarmatu Kingdom in Warri South-West Local Government Area of Delta State, Comrade Mulade Sheriff, has charged stakeholders in the Niger Delta, especially those in the oil and gas-bearing communities, to rescue the…
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*Margret Chuba Okadigbo as chairman President Muhammadu Buhari has appointed the Board and Management of the Nigerian National Petroleum Company Limited, in accordance with the power vested on him under Section 59(2) of the…
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President Muhammadu Buhari has appointed Mrs Margret Chuba Okadigbo as chairman of the NNPC Board. Details Later...
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OPEC+ sticks to plan to boost output in FebruaryConcerns over impact of Omicron surgeU.S. stocks rose sharply last week -APIU.S. EIA stocks data due at 1530 GMT Oil prices slipped below $80 a barrel on Wednesday after OPEC+…
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Following the formal conclusion of the 23rd OPEC and non-OPEC Ministerial Meeting (ONOMM) held via videoconference on Thursday December 2, 2021, and in view of current oil market fundamentals and the consensus on its outlook, the OPEC…
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“The Saudis are pushing for a change,” one OPEC source said, asking not to be named There is a growing wave of politicking among major stakeholders as the Organization of the Petroleum Exporting Countries (OPEC) prepares to elect…
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Threat by some countries to release 70 million barrels of crude oil from their strategic reserves is being monitored, the Organisation of Petroleum Exporting Countries (OPEC) said yesterday. The threat followed the oil cartel’s…
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Mohammad Sanusi Barkindo, OPEC Secretary General, has congratulated his successsor designate Mr. Haitham Al Ghais of Kuwait who is scheduled to take over from the Nigerian on 1st August, 2022, Valuechain reports. The congratulatory…
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By YANGE IKYAA On the morning of January 1, 2022, a fire incident occurred at the Port Harcourt Refining Company (PHRC) in Rivers State.  The incident, which was contained in less than two hours was caused by a spark while a…
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