Valuechain - Nigeria's foremost Online Energy News Platform

Indigenous oil firms, A.A. Rano, Shafa Exploration, Matrix Energy, and Vhelblerg Exploration were among oil companies awarded marginal oil field licence by the Department of Petroleum Resources, DPR, on Monday. The award came a year after…
Read More...

MAJOR truck owners operating in Lagos ports, yesterday, opened a can of warms, alleging fraud in the electronic Call-Up system introduced by the Nigerian Ports Authority, NPA, to address the chaotic traffic situation in Apapa and its…
Read More...

LONDON (Reuters) - Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia. Defeats in the courtroom and boardroom mean Royal Dutch…
Read More...

OPEC oil output has risen in May as the group agreed to ease supply curbs under a pact with allies, a Reuters survey showed, although a drop in Iranian exports and involuntary reductions in African members limited the increase. The…
Read More...

The Federal Government on Monday disclosed that out of 7,000 oil reserves that have been discovered in the country, only 1,700 of the reserves are currently producing crude oil. The government disclosed this in Abuja through its…
Read More...

Total, French multinational oil company, has changed its name to TotalEnergies, courtesy of its shareholders who unanimously approved the development at the ordinary and extraordinary meeting last week. Besides, the company said it is…
Read More...

BP (BP.L) and Eni (ENI.MI) are in talks over the future of their oil and gas assets in Algeria as the two groups increase efforts to refocus their businesses to tackle falling margins, rising debt and climate…
Read More...

*To safeguard National Energy Security By Teddy Nwanunobi In line with a Federal Government policy directive which stipulates the mandatory participation of the Nigerian National Petroleum Corporation (NNPC) in any privately-owned…
Read More...

Nigerian politicians have a penchant for transferring their aggression to the country’s inconsequential majority toiling below poverty line. They are voiceless and powerless in the face of the transferred aggression. That makes them a …
Read More...

By Teddy Nwanunobi A year after 2020 marginal field bid round began with 591 companies applying to win 57 oil fields on offer, the Department of Petroleum Resources (DPR), on Monday, in Abuja, awarded marginal oil field licences that…
Read More...