Valuechain - Nigeria's foremost Online Energy News Platform

Sustained high commodity prices and increasing oil and gas supply are set to push upstream sector payments to governments to an all-time high of $2.5Trillion this year, smashing the previous record of $2.1Trillion set in 2011, Rystad…
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Oil prices dipped on Wednesday as a soaring dollar made barrels more expensive and Europe’s biggest economy Germany was speeding up plans to wean itself off Russian oil while coronavirus outbreaks clouded China’s economic outlook.…
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Data business in the oil and gas sector could hit as much as $145.9 billion by 2032, rising at a compound yearly growth rate of 16.5 per cent for the next decade.This is coming despite the divestment and push from fossil fuel. The…
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The Nigerian Content Development and Monitoring Board would collaborate with the Standards Organization of Nigeria, over a uniform standard for certification of locally manufactured equipment, materials, products and goods used in the…
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Projected demand drop of over 1.4 million barrels per day of crude oil at the international market may provide brief succour for Nigeria’s economy, which has been gasping for breath over soaring oil prices.Although a rise in oil…
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Nigeria’s Federal Ministry of Petroleum Resources has unveiled plans for the 6th edition of the Nigeria International Energy Summit (NIES 2023). The official Oil and Gas meeting of the Federal Republic will take place in Abuja from…
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The group managing director of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari has attributed the LEADERSHIP Award to the teamwork of the management and staff of the company, noting that the recognition would…
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The number of functional crude oil production rigs in Nigeria decreased by 37.5 per cent to just 10 operational rigs in March 2022, the Organisation of Petroleum Exporting Countries has said.An oil rig, offshore platform, or oil…
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The quantity of premium motor spirit (PMS), popularly called petrol, consumed in Nigeria each day, has risen from 72.07 million litres a day in December 2021 to 74 million litres per day as at the week ended April 3, 2022.This…
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The growing amount of money needed to pay for petrol subsidy that would see the Federal Government spend N4 trillion in 2022 is unsustainable, a former Executive Director, Corporate Planning and Strategy, Nigerian National Petroleum…
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