Valuechain - Nigeria's foremost Online Energy News Platform

The Federal Government plans to raise the daily oil production from 1.4 million barrels per day (bpd) to four million bpd, President Muhammadu Buhari hinted on Monday. Nigeria, which has daily capacity to produce 2.5 barrels, produces…
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The United Nations Children’s Emergency Fund (UNICEF) will, this year, spend $10 million to procure ready-to-use therapeutic foods (RUTF). This is among the global agency’s efforts to combat disabilities and deaths resulting from acute…
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The Secretary General, Organisation of Petroleum Exporting Countries( OPEC), Dr Mohammad Barkindo, has disclosed that OPEC member countries lost about $1 trillion USD to oil price plunge in 2015 and 2016. Barkindo disclosed this in his…
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Saudi Energy Minister Prince Abdulaziz Bin Salman Al Saud and Russian Energy Minister Alexander Novak. Photo: Reuters Russia was close to complying 100 percent with its oil production quota under the OPEC+ deal in May, Russian…
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Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman has stated in an interview with S&P Global Platts last week that Saudi Arabia is no longer an oil-producing country. “Saudi Arabia is no longer an oil country, it’s an…
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By Teddy Nwanunobi Nigeria's vast hydrocarbon field is for the exploitation of the participants at the ongoing fourth edition of the Nigerian International Petroleum Summit (NIPS), President Muhammadu Buhari said on Monday, while…
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The Nigerian Content Development and Monitoring Board (NCDMB) has approved four firms for the supply of Barites required for any drilling project or contract in the Nigerian oil and gas industry. The four Barites processors are Nishan…
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* Promises to consolidate on progress achieved By Teddy Nwanunobi The Organisation of the Petroleum Exporting Countries (OPEC) has declared that it owes Nigeria so much for the pivotal role it played in the 'Declaration of…
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Worried by the worsening gridlock on the access roads leading to the country’s two busiest ports in Apapa, the Nigerian Ports Authority (NPA) has met with the Lagos State Government to map out strategies to tackle the menace. A…
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The Senate President, Ahmad Lawan has disclosed that the Petroleum Industry Bill, PIB, which has been 20 years in making, will be passed before the end of June 2021. Lawan who made this disclosure at the opening of the 2021 Nigeria…
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