Valuechain - Nigeria's foremost Online Energy News Platform

European natural gas prices slumped to the lowest in more than a week as Russia gradually delivers the boost in supplies that President Vladimir Putin promised.Benchmark Dutch futures fell more than 10% after flows to Europe via…
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Ongoing efforts to control oil spill from an oil facility operated jointly by the Nigerian National Petroleum Corporation, NNPC and indigenous oil firm Aiteo Eastern E&P have been reportedly aborted as the spill is described to be…
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Rising cost of Liquefied Petroleum Gas (LPG) is forcing consumers to opt for alternative sources as gas dealers decry loss of business in Mombasa.Most gas agents complained they are incurring huge losses occasioned by the…
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“NMDPRA to engage stakeholders on the reconciliation of bridging claims. The Marketers/Depot Owners are to start charging the official ex-depot price immediately"The NNPC Limited, Major Oil Marketers Association of Nigeria, MOMAN…
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Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has allayed fears of a hitch in petroleum products supply in the country.They gave the assurance as Independent Petroleum Marketers Association of Nigeria (IPMAN) has…
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…Project to process 300MMcf/d in the first phase …Project is shared with Shell’s 300MMcf/d portion …Seplat eyes LNG and gas exportsNigeria’s Seplat Energy expects to start its part of the Assa North-Ohaji South Gas processing…
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"$450 billion out of this amount would be invested in new refinery projects and expansions of existing units"Despite fears in some quarters that fossil fuel will become irrelevant in some years, the Organisation of Petroleum…
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The Nigerian National Petroleum Corporation, NNPC, has averted what would have led to a bleak Christmas after it took a hard decision to revert to naira denominated invoices for excess capacity for coastal movement using import and…
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The Minister of State for Petroleum Resources, Timipre Sylva has said that the Federal Government has earmarked the sum of N250bn to assist Nigerians who are willing to invest in autogas assembly plants.He made the assertion on…
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“We do not know what is happening in this country and nobody is saying anything concerning the fuel scarcity”Fuel scarcity is gradually biting hard in Damaturu and other parts of Yobe State with the resurfacing of long queues in…
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