Valuechain - Nigeria's foremost Online Energy News Platform

…Tasks government to set up special force to confront oil thieves Former managing director of Warri and Kaduna refineries, Babajide Soyode, has revealed why it is easy to steal crude oil from Nigeria.This is even as he called on…
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According to a review of current statistics from the national oil company, the Nigerian National Petroleum Company Limited (NNPCL) showed a project financing underperformance of $1.216 billion between January and June of this year.…
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•Navy denies involvement The Federal Government and security agencies were, yesterday, indicted in the alleged nonchalance attitude in tackling oil theft in Nigeria.This was even as a vessel with three million barrels of crude…
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The CEO had said, “Subsidy is not NNPC’s burden. Subsidy is the decision of the state and in every jurisdiction anywhere in the world, countries see them differently. In some countries, they put petroleum tax on top of the market price…
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•Says about 700,000bpd currently lost to Shut-ins and oil theftThe Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kyari, yesterday poured cold water on calls for the…
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A leading International Oil Company ( IOC) in Nigeria, TotalEnergies has explained that there was neither a berthing permit nor oil lifting by the arrested million barrels detained Supertanker.One of the high ranking officials in…
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SlavkoSereda/iStock via Getty ImagesCrude oil prices pared earlier losses on Monday after Saudi Oil Minister Prince Abdulaziz bin Salman said futures prices do not reflect underlying fundamentals of supply and demand, which may require…
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Oil theft in Nigeria has been a major canckerworm that has eaten deep into the fabrics of the country's source of revenue and the more the government tries to deal with the situation, the worse it becomes.This was the subject of…
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The African Energy Chamber (AEC) is proud to announce that the Nigerian Content Development and Monitoring Board (NCDMB) will participate as a platinum sponsor at this year’s edition of the African Energy Week (AEW) conference and…
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Equatorial Guinea has detained an oil tanker capable of carrying 2 million barrels after it attempted to load in Nigeria without proper paperwork, both countries said this week.The Nigerian navy said in a statement that the Heroic…
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