Valuechain - Nigeria's foremost Online Energy News Platform

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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...Blames tank farms operators for fuel price hike The Petroleum Retailers Outlet Association of Nigeria, says the ongoing hike in the pump price of premium motor spirit in Rivers State, was caused by tank farms operators who were…
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From a January average of 288 naira ($.70) per liter, diesel now sells for over N700 ($1.69) per liter in Nigeria. It is causing widespread anxiety for businesses that rely on the product to power generators that make up for…
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