Valuechain - Nigeria's foremost Online Energy News Platform

By Yange Ikyaa The driver of a boat remains missing, while three other persons have been confirmed dead following an attack on oil facilities belonging to Nigerian Agip Oil Company. Among the dead are two Agip workers and an…
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"The World Bank stated that while domestic price of PMS has remained fixed, global PMS prices have risen, therefore increasing the cost of the PMS subsidy" This was disclosed in the November 2021 edition of its Nigeria Development…
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The World Bank has stated that Nigeria spends $4.5 billion on fuel subsidy, indicative of 2% of GDP or 35% of oil and gas revenue. This was disclosed by the World Bank  in the November 2021 edition of its Nigeria Development…
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"The Texas-based company is one of the largest oil and gas producers in Nigeria, with 106 operated platforms" Seplat Energy, Nigeria’s largest listed oil and gas firm by market value, has announced that it is in competitive…
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...Engineers hail the huge scale of the project The National President of Nigeria Society of Chemical Engineers (NSCh) has revealed that Dangote Oil Refining Company will be the highest employer of chemical engineers in the country…
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The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has extended the 14-days ultimatum given to the federal government for an industrial action by another seven days. The General Secretary of the union, Afolabi Olawale…
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"Remove petrol subsidy because it is not in the interest of development of the downstream sector" The Independent Petroleum Marketers Association of Nigeria (IPMAN), said yesterday, that its support for the Federal Government over…
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Former President Olusegun Obasanjo has condemned attempts by those he described as “political busybodies” to use his name to raise issues against the appointment of Senator Ifeanyi Ararume as the Chairman of the Nigerian National…
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By YANGE IKYAA Oil prices experienced one of their worst trading days in recent memory on Friday in the United States, plunging across board by over 10% on fears that a new COVID-19 variant discovered in Southern Africa might dampen…
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Brent oil slumped as increasing coronavirus cases and a new Covid-19 strain raised concerns about the outlook for energy demand ahead of next week’s OPEC+ meeting on production policy. Futures in London slid toward $80 a barrel as…
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