Valuechain - Nigeria's foremost Online Energy News Platform

*To deploy autogas infrastructures across its service stations An Ikoyi Federal High Court has ordered owners of Ascon Oil Company Limited, Quest Oil & Engineering Services Limited, to re-claim a petrol station located at Block…
Read More...

The signing of the Petroleum Industry Bill (PIB) into law by President Muhammadu Buhari does not mean automatic removal of the Premium Motor Spirit (PMS) subsidy, according to the Major Oil Marketers Association of Nigeria (MOMAN). …
Read More...

The Nigerian National Petroleum Corporation, NNPC, has admitted to reaching the mark of their trading surplus for the month of April 2021 to the tune of N43.57bn. According to the report which covered its financial and operations…
Read More...

Despite ongoing efforts by the Federal Government to ensure continuous increase in Premium Motor Spirit, PMS, also known as petrol daily supply, Nigeria witnessed a slight declined in distribution of the product to 56 million litres…
Read More...

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has explained that the Federal Government reviewed oil price and other key parameters in its projections for the 2022-2024 budgets to reflect present realities. …
Read More...

The Pan Niger Delta Forum (PANDEF) has kicked against the signing of the controversial Petroleum Industry Bill (PIB) 2021 into law. The group led by elder statesman, Chief Edwin Clark, said the signing of the bill that provides 3…
Read More...

By Teddy Nwanunobi Thirty-two days, after the Senate, on Thursday, July 15, passed the harmonised Petroleum Industry Bill (PIB), President Muhammadu Buhari has signed the Petroleum Industry Bill 2021 into law. …
Read More...

Africa Oil Corp, has announced its financial and operating results for the three months ended June 30, 2021, and to provide selected results for Prime Oil and Gas Cooperatief UA a company in which Africa Oil has a 50 per cent equity…
Read More...

The Nigerian National Petroleum Corporation (NNPC) has transferred $1.27billion to Joint Venture Cash as first line charge. This was contained in its March 2021 Financial and Operations Report, which The Nation obtained yesterday. …
Read More...

...After altering medal count to claim those won by Hong Kong, Taiwan, Macau Although these are Chinese territories, they govern and compete separately from mainland China China earned 38 gold, 32 silver, and 18 bronze for a total…
Read More...