Valuechain - Nigeria's foremost Online Energy News Platform

There are indications that price of The average retail price of Automotive Gas Oil (diesel) is on steady rise reaching N343 per litre as at Wednesday, representing 18.5 per cent rise when compared with the National Bureau of Statistics…
Read More...

The Senate Committee on Petroleum Resources (Upstream) says it will ensure that every single provision enshrined in the Petroleum Industry Act (PIA) is followed to logical conclusion without any form of ambiguity. The committee said…
Read More...

Nigeria go into the knockout stages of the ongoing Africa Cup of Nations full of confidence after a 2-0 win over Guinea-Bissau kept their perfect run going. Umar Sadiq’s second-half strike put his side in front, before…
Read More...

Oil marketers, under the aegis of Association of Tank Farm Oil and Gas Marketers of Nigeria (ATOGMAN), have commended Governor Nyesom Wike of Rivers State for taking action against illegal refineries and oil bunkering. Wike had…
Read More...

"However, on a monthly basis, consumer prices increased by 1.08 per cent, following a 0.98 per cent increase the previous month" With a daily underperformance figure of 78,000 barrels per day in December, Nigeria lost as much as…
Read More...

Nigeria’s Senate President on Tuesday said President Muhammadu Buhari had not directed anyone in his government to implement the removal of petroleum subsidy. Lawan, who spoke with newsmen after a closed-door meeting with Buhari at…
Read More...

The House of Representatives has called for investigation of the proliferation of illegal refineries in the Niger Delta region, especially with the alleged involvement of men of the Nigeria Police Force, Nigerian Security and Civil…
Read More...

*The OPEC Reference Basket of Crudes (ORB), introduced on June 16, 2005 is currently made up of the Saharan Blend (Algeria), Girassol (Angola), Bonny Light (Nigeria), Djeno (Congo) and Zafiro (Equatorial Guinea) The price of the…
Read More...

Uncertainties still becloud ability of Nigeria to meet its crude oil production quota despite assurances of its newly enacted petroleum law. The Petroleum Industry Act, enacted last year largely settles key grey areas that have…
Read More...

By YANGE IKYAA  The Board of Trustees of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned against what it called the proposed illegal inauguration of parallel National Executive Committee (NEC) on…
Read More...