Valuechain - Nigeria's foremost Online Energy News Platform

"This is a big push that is aimed at fast-tracking Nigeria’s energy transition" By Teddy NwanunobiSeplat Energy Plc, Nigeria’s largest energy company by market value, has the set year 2024 target to end gas flaring in all of its…
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Minister of State for Petroleum Resources Timipre Sylva, has said that the passage of the Petroleum Industry Bill into law will significantly boost Nigeria’s potential to achieve its oil production to four million barrels per day.…
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The Independent Petroleum Producers Group (IPPG) has congratulated the Federal Government over the signing into law, the Petroleum Industry Bill (PIB) last month by President Muhammadu Buhari, and its consequent enactment into the…
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President Muhammadu Buhari’s Full 2022 Budget Speech Text Budget of Economic Growth and Sustainability Delivered By: His Excellency, President Muhammadu Buhari President, Federal Republic of NigeriaAt the Joint Session…
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· Blames poor performance of oil revenue to production shortfall By Teddy NwanunobiPresident Muhammadu Buhari has presented a total budget of N16.39 trillion for the year 2022 to a joint session of the National…
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“We look forward to ExxonMobil engaging in deeper collaboration and partnership with the New NNPC"President Muhammadu Buhari yesterday urged operators in the petroleum industry to take advantage of the new Petroleum Industry…
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By Teddy NwanunobiEuropean gas prices surged again, bringing their gains over just two days to 60 per cent, as the impact of soaring energy costs rippled through equity and bond markets and the European Union sounded the alarm,…
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By Teddy Nwanunobi Saudi Arabia reduced oil prices for its main buyers, a day after OPEC+ sent crude futures surging by sticking to a plan for slow and steady supply increases.State firm Saudi Aramco’s cuts for customers in…
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"This means Nigeria’s landing cost of petrol is expected to rise closer to N250 per litre" By Teddy NwanunobiNigerian states, including local government areas, might face financial difficulties in the coming months as the rise…
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“For us to conclude the job, we need to strengthen our partnership with government agencies like NSCDC to achieve a common goal” By Teddy NwanunobiThe Anambra State Command of the Nigeria Security and Civil Defence Corps (NSCDC)…
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