Valuechain - Nigeria's foremost Online Energy News Platform

"The pleasure of the unions is to see to the successful execution and implementation of the Act"The organised unions in the oil and gas industry, Nigeria Union of Petroleum and Natural Gas Workers and Petroleum and Natural Gas…
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Scores of persons were reportedly killed after a petrol pipeline exploded at Rumuekpe community in Emohua Local Government Area of Rivers State.Community sources told our reporter that the incident which occurred on Thursday, was…
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“Energy justice would ensure that as we transit, we are allowed to develop at a pace and in a manner that is just”Ahead of the commencement of the 26th United Nations Climate Change Conference of the Parties (COP26) in…
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"Heirs founder, Tony Elumelu, one of Africa’s richest men, purchased Heirs founder, Tony Elumelu, one of Africa’s richest men, purchased OML 17 from Shell Petroleum, Total, and ENI for $1 billion in January"These are good times for…
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•Says our claims in PEF intactNational President of the Independent Petroleum Marketers Association, ( IPMAN), Engineer Sanusi Fari has allayed fears of his teeming members over the scrapping of the Petroleum Equalisation Fund by…
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Eco Bus maker and Power Gas have opened discussions to provide sufficient autogas filling stations in Nigerian cities where compressed natural gas-powered vehicles can be refueled.This is sequel to a recent introduction of…
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The Group Managing Directorof theNigeria National Petroleum Corporation (NNPC), Mr. Mele Kyari, has accused the elite forthe moribundnature of the nation’s refineries.The GMD, however, said with the arrangement in place, some of…
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Several news media oulets across Nigeria have gathered reports concerning a destruction of properties belonging to the federal government of Nigeria.According to reports, the destroyed properties were a train which was bombed and…
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 “Oil dema­nd is not back to pre–Covid levels, but the balance between demand and supply is” Oil slipped after hitting a seven-year high following a surprise draw in US crude stockpiles and a robust decline in fuel supplies. …
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The stunning recent runup in global oil prices could threaten economic growth and is unlikely to retreat until 2023, the World Bank said Thursday.Average crude prices are expected to end the year at $70 a barrel, 70 percent higher…
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