Valuechain - Nigeria's foremost Online Energy News Platform

The current move in oil prices is largely attributed to geopolitical risk.The next major move in oil could be triggered if inventories fall to critical levels.Wall Street’s consensus seems to be that Brent will reach $100 by the summer…
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A non- partisan advocacy, the Economic Sustenance Group (ESG) has urged leaders in the Niger-Delta and other oil producing communities to support the Armed Forces of Nigeria in the fight against crude oil thieves in the region. The…
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There appears to be no end in sight to the financial and resource haemorrhage in Nigeria's oil and gas industry, with the country once more losing as much as 6.596 million barrels of oil in its December 2021 production. At an…
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*Belemaoil/NNPC JV community project Foremost Indigenous oil firm, Belemaoil Producing Limited has commissioned two legacy projects, built and completed for her host community, Idama, in Akuku Toru Local Government Area of Rivers…
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Queues for Premium Motor Spirit (PMS) at filling stations in the Federal Capital Territory (FCT) following an artificial scarcity have eased off, the News Agency of Nigeria (NAN) reports. NAN reports on Sunday that normalcy has been…
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The People’s Alternative Political Movement (TPAP-M) has asked the federal government to provide details of the N3 trillion budgeted for petrol subsidy in 2022. In a letter dated January 27 and sent to TheCable on Sunday, the group…
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The Federal Government has processed $98m and N17.2bn as partial payments for the ongoing rehabilitation of the Port Harcourt Refining Company, it was learnt on Friday. It was also gathered that the government had made an initial…
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Men of the Special Task Force on Petroleum and Illegal Bunkering Unit from Force Headquarters, Abuja, and operatives of the Association of Refineries and Petroleum Marketers (ANRPM), yesterday, bust a gang of suspected oil thieves at…
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NGA visits NMDPRA; Hails creation of the Agency which supports greater focus on gas related development. L - R: Mr. Taji Ogbe, Executive Secretary, Nigerian Gas Association (NGA); Engr. Farouk Ahmed, Chief Executive, Nigerian…
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Chief Timipre Sylva, Minister of State for Petroleum Resources, alongside the permanent secretary, had a town hall session with ministerial aides, directors and staff of the Ministry of Petroleum Resources on how to move the industry…
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