Valuechain - Nigeria's foremost Online Energy News Platform

Despite boasting of a 206 trillion standard cubic feet of gas reserves and topping major countries, Nigeria’s per capita consumption of gas is the lowest in the sub-Saharan African region, Ministers of State for Petroleum Resources,…
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The Niger Delta Congress, NDC, has vowed to take legal action against the Royal Dutch Shell, should her subsidiaries in Nigeria failed to fix the environmental carnage it has created in the Niger Delta region, before her planned…
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The Nigerian National Petroleum Corporation, NNPC, is working with investors for the establishment of new 250,000 barrels per stream day refineries. NNPC’s Group General Manager, Greenfield Refineries and Project Division, GRPD, and…
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*The Customs C-G had accused the DPR of giving licences to petrol stations around Nigeria's borders in violation of existing laws. DPR denies the accusation The Department of Petroleum Resources (DPR) has denied claims by the…
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The passage of the Petroleum Industry Bill, as well as Nigeria’s gas initiatives, will help transform Nigeria into a gas-based industrialized nation and also create a better-managed petroleum industry with more value addition for both…
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Nigerian Petroleum Development Company Limited (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has expressed readiness to start oil exploration in Ogoniland. The NPDC has also declared that it would…
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The federal government has set timeline for the implementation of the Petroleum Industry Act (PIA). This followed the inauguration of a nine-member steering committee headed by Timipre Sylva, minister of state on petroleum. Last…
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Oil prices rose more than 5% on Monday, recovering from a seven-day losing streak due to a weaker dollar and strength in global equities markets. "Although the oil complex has generally been able to shrug off strength in the stock…
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The Nigeria Government has failed to make oil revenue savings into the Excess Crude Account (ECA) despite increase in global oil price. Conversely, withdrawals have been made from the account, which saw it being depleted by $11.56…
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By Teddy Nwanunobi The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), HE Mohammad Sanusi Barkindo, on Monday, began his mission to the Republic of the Congo by holding a bilateral meeting with…
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