Valuechain - Nigeria's foremost Online Energy News Platform

"Orice of Gas to power has been reduced from $2.50 to $2.18 with immediate effect" Domestic gas supply to gas-fired generating plants, GENCOs, across the country rose by 516 million standard cubic feet per day (mmscfd) to…
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Minister of State for Petroleum Resources Chief Timipre Sylva has drummed up support for the Petroleum Industry Act (PIA) from the Niger Delta region. Sylva who spoke over the weekend in Yenagoa, Bayelsa State during a meeting with…
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By Teddy Nwanunobi The Nigerian National Petroleum Corporation (NNPC), in collaboration with Chinese and American firms, have begun the construction of a 50 megawatts gas power plant in Maiduguri, Borno State. Approved by…
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By Teddy Nwanunobi (with agency report) As parts of the UK continue to struggle with supplies of fuel, the army has begun helping to deliver the product to the petrol stations. Around 200 soldiers, half of them drivers, were…
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By Teddy Nwanunobi As price of liquefied petroleum gas (LPG) also known as cooking gas, spikes further across various parts of the country, indications have emerged that marketers’ inability to off-take 450,000 metric tons per annum…
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"The OPEC+ ministeial panel, known as the JMMC, that monitors the market gathered for online talks ahead of the full-ministerial meeting" An OPEC+ ministerial panel has recommended that the oil producing group stick to an existing…
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The Organisation of Petroleum Exporting Countries (OPEC), saw a sharp decline in its global crude export in 2020, following disruptions occasioned by the COVID-19 pandemic. According to available data, OPEC member countries exported…
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As Nigeria turns 61, some stakeholders in the oil and gas industry say effective implementation of the Petroleum Industry Act (PIA) 2021 will accelerate repositioning of the sector for national development. The stakeholders made the…
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The Nigerian National Petroleum Corporation (NNPC) has disowned information making the rounds in the social media to the effect that the oil company is conducting a recruitment exercise. The Group General Manager, Group Public…
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"They all pleaded “guilty” to the one charge separately preferred against them by the EFCC" Five oil thieves have been convicted and sentenced to various terms of imprisonment in separate judgment by the Federal High Court…
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