Valuechain - Nigeria's foremost Online Energy News Platform

...Demands halt to disbursement, threatens industrial action The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has alleged unscrupulous move by state governments, Federal Ministry of Works and Housing officials and…
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*Pump price rises to N180 per litre *Petrol supply to stations’ll soon normalise – FG *As technical, other committees begin work There were indications, yesterday, that the nation’s petrol shortage would worsen this week,…
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By YANGE IKYAA Exxon Mobil Corporation has recorded earnings of $8.9 billion in the fourth quarter of 2021, or an equivalent of $2.08 per share assuming dilution. This resulted in full-year earnings of $23 billion, or $5.39 per…
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Fuel adulteration is an illegal introduction of any foreign substance into any product leading to the non-compliance with its standard specification. Fuel adulteration is rampant in most developing countries of the world. There has…
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By YANGE IKYAA Green Biofuels Ltd (GBF), the largest provider of hydrogenated vegetable oil (HVO) in the UK has been acquired by bp after buying a 30% stake in the company. GBF’s products are made from…
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“...Dissatisfied consumers were entitled to proper redress of their complaints” By YANGE IKYAA A presidential directive has been given that justice be served to those who imported contaminated petrol into Nigeria. President…
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•Says petroleum haulage no longer profitable •Asks NNPC to review freight charges The Nigerian Association of Road Transport Owners, (NARTO) has alerted the federal government that the present shortfall in petroleum products across…
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By YANGE IKYAA Refinery margins on the US Gulf Coast versus WTI and in Singapore versus Oman showed strong performance in January, gaining $1.42 per barrel and 50 cents per barrel respectively, month-on-month, as global product…
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By YANGE IKYAA Crude oil spot prices rebounded in January, compared to the previous month, as oil futures markets surged. This was supported by strong global oil market fundamentals amid dissipating fears about the impact of the…
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By Saidu Abubakar Augustine Eguavoen, the Super Eagles’ interim coach, has blamed Senegalese centre referee, Maguette N’Diaye, for playing a part in Nigeria’s 1-0 loss to Tunisia in the round of 16 of the AFCON 2021 in Cameroun. …
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