Valuechain - Nigeria's foremost Online Energy News Platform

The recently launched 10-Year Research and Development Roadmap by the Nigerian Content Development and Monitoring Board (NCDMB), is a right step in the right direction, writes SAIDU ABUBAKAR The technocratic expertise of the…
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"Growth decreased by 10.44 per cent points, when compared to first quarter, which was 2.21 per cent" By Fred Ojiegbe Nigeria’s average daily production stood at 1.61 million barrels per day, (mbpd) in the second quarter of 2021,…
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Crude prices inched down for the second straight day on Wednesday amid concerns about a slowing Chinese economy as well as increase in the US output. At 1325 hours GMT, Brent, the international benchmark for two-thirds of the world’s…
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"The Federal Government had repeatedly stated that it was making efforts to grow the country’s oil reserves in a bid to increase Nigeria’s revenue from crude sales" The 2021 Annual Statistical Bulletin of the Organisation of…
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“By the end of this week, if nothing is done about our demands, we will go on strike (properly) By Teddy Nwanunobi The Petroleum Tanker Drivers (PTD) branch of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) has…
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By Teddy Nwanunobi The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that 77 international and local oil and gas companies are owing the Federal Government $6.48 billion (over N2.6 trillion). The…
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"The rally in LNG has widened the economic incentive to switch to oil from natural gas in power generation" By Teddy Nwanunobi A research conducted by consultancy, Rystad Energy, has projected that sustained increase in the…
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By Teddy Nwanunobi Nigeria and 11 other nations that are involved in huge gas flaring could lose up to $82 billion a year, due to global gas flaring, GlobalData report has said. The report identified biggest gas flarers,…
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"A valve is usually attached to the connected pipe so they can easily close it after stealing oil" Nigeria loses many barrels of oil every year to thieves in the Niger Delta area of the country. This article will be looking at how…
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“The Senate notes with concern that multinational and Nigerian oil and gas companies have over the years been operating from their respective operational bases until militancy and insecurity in the host communities in the Niger Delta…
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