Valuechain - Nigeria's foremost Online Energy News Platform

A High Court in the Federal Capital Territory (FCT) has sentenced the former Chairman of the House of Representatives ad-hoc committee on Petroleum Subsidy, Farouk Lawan to seven years in prison. Lawan during trial on Tuesday was found…
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By Teddy Nwanunobi Ahead of Nigeria’s 50th anniversary as a member of the Organisation of the Petroleum Exporting Countries (OPEC), the world oil body has described Nigeria’s membership as “a day of historic importance for both Nigeria…
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By Teddy Nwanunobi The Organisation of the Petroleum Exporting Countries (OPEC) has congratulated António Guterres on his reappointment to a second term as the Secretary General of the United Nations Valuechain reports that…
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By Teddy Nwanunobi Rising from the Meter Asset Providers (MAPs) meeting, 17 manufacturers of electricity meters, operating in the Nigerian Electricity Supply Industry (NESI), have demanded for "an upward review of the current price of…
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The world's largest offshore wind developer Orsted is concerned that Big Oil's eagerness to harness wind at sea could push up prices for seabed leases, making the technology less competitive. European oil firms including Total, BP,…
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Federal High Court in Abuja has ordered Mobil Producing Nigeria Unlimited and its joint venture partner, Nigerian National Petroleum Corporation (NNPC) to, within 14 days, pay N81.9 billion to a number of communities in Ibeno Local…
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Major oil and gas investments, including the Oil Prospecting License (OPL) 324 and the 10,000 barrels per day Otakikpo marginal field are under major threat as massive resignations of top management board members rock Lekoil Nigeria, in…
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The Independent Petroleum Marketers Association of Nigeria, IPMAN, Delta State has condemned the planned strike called by a section of National Union of Petroleum and Natural Gas Workers, NUPENG in the state. A statement by the Sector…
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Green Energy International Ltd (GEIL), operator of the Otakikpo Marginal Field in OML-11 has commenced installation of 12MMSCFD LPG Extraction Plant at the Otakikpo Marginal Field and is on track to be completed by Q4 2021. The LPG…
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Nigeria, at the weekend, recorded revenue surge with $29.44 excess earning on every barrel of crude oil sold by the country. This, checks showed, came as prices of crude oil, biggest revenue earner for Nigeria, rallied at $74.44 per…
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