Valuechain - Nigeria's foremost Online Energy News Platform

Nigerian lawmakers passed long-awaited legislation to overhaul the oil and gas industry, after rowdy scenes in the lower chamber of parliament. The House of Representatives on Friday voted for the bill that the Senate had approved a day…
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Nigeria has risen to fourth position among key crude oil producers making supply to India, the second Asia’s biggest crude oil importer after China. Last month, Iraq stayed as the top oil supplier to India, followed by Saudi Arabia…
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Brent, the crude against which Nigeria’s oil is priced, dropped in price on Monday morning following the agreement reached by members and allies of the Organisation of Petroleum Exporting Countries to increase oil production. Industry…
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For Nigeria to eliminate fuel subsidies, it would need to shift its focus to other fuel alternatives, Director of the Department of Petroleum Resources (DPR), Sarki Auwalu has warned. Auwalu noted this at the Q2 2021 business dinner of…
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OPEC has agreed to boost oil supplies amid a surge in prices, Reuters reported on Sunday. It said it will add 400,000 barrels each month by the end of the year and agreed to new production adjustments amounting to 1.63 million more barrels…
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-By Saidu Abubakar The continuing delay to the African Athletics Championships (AAC) will hit the continent’s Olympic hopefuls hard, according to Botswana’s Isaac Makwala. The continental showpiece had been due to take place in…
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-Abdulkarim Sani Nigeria’s aviation sector is estimated to contribute approximately $400 million to the economy, although many experts in the sector believe it is capable of contributing more, if an enabling environment is created. …
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-By Teddy Nwanunobi The founder of the Ford Motor Company, Henry Ford, once made an audacious statement in 1940. “Mark my word: A combination airplane and motorcar is coming. You may smile, but it will come,” he said. Ford died…
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-Ibrahim Suleiman Ph.D. Every June 12 is the Global Wellness Day. It is a day that is set aside to remind one of the need to take one’s health seriously. Depending on your trigger — be it work-related stress or health challenges…
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•As experts fear crisis has implication for future investments The House of Representatives’ Committee on Public Petitions and the Department of Petroleum Resources (DPR) are at daggers drawn over Dawes Island marginal field lost by…
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