Valuechain - Nigeria's foremost Online Energy News Platform

Oil major, Total has said, its Ikike oil field in the conventional offshore will come on stream by first quarter of 2022. The field development will enhance the country’s oil production between 30,000 to 40,000 barrels of crude oil…
Read More...

There is provision in the Petroleum Industry Act that gives room for individuals to acquire stakes in the new Nigerian National Petroleum Company Limited, the Group Managing Director, NNPC, Mele Kyari, said on Tuesday. Kyari stated…
Read More...

By Teddy Nwanunobi The leaders of Ogoniland in Rivers State, under the auspices of the Ogoni Liberation Initiative (OLI), on Tuesday, pledged to cooperate with the Nigerian Petroleum Development Company (NPDC) in the exploration and…
Read More...

*Expresses confidence on PIA By Teddy Nwanunobi The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Dr. Mohammad Sanusi Barkindo, has endorsed the Valuechain oil and gas magazine, recommending…
Read More...

By Teddy Nwanunobi TotalEnergies has announced that it is developing a 100 per cent renewable fuel, called Excellium Racing 100, for motor sport competition. The company, in a statement, revealed that the fuel will be introduced…
Read More...

By Teddy Nwanunobi The Nigerian National Petroleum Corporation (NNPC) has signified its resolve to return to Ogoniland and commence oil exploration, its subsidiary, the Nigerian Petroleum Development Company (NPDC) Limited, revealed…
Read More...

By Teddy Nwanunobi Russia’s leading oil company, Lukoil subsidiary, Lukoil Company Nigeria Limited (LCNL), has announced plans to expand operations in Lagos State. Valuechain reports that the LCNL is the operator of the OML…
Read More...

By Teddy Nwanunobi The Department of Petroleum Resources has faulted the claim by the Nigeria Customs Service (NCS) that it was partly responsible for the continued smuggling of Premium Motor Spirit (PMS), popularly called petrol,…
Read More...

*Visits Congo’s national oil company By Teddy Nwanunobi In continuation with his mission to the Republic of the Congo, the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Mohammad Barkindo, was,…
Read More...

By Teddy Nwanunobi Nigeria’s LNG carrier, LNG Abuja II, arrived in Turkey on August 23, latest Turkish ship tracking data revealed. According to a Turkish agency, Hurriyet Daily News, the vessel has a capacity of…
Read More...