Valuechain - Nigeria's foremost Online Energy News Platform

By Teddy Nwanunobi The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that 77 international and local oil and gas companies are owing the Federal Government $6.48 billion (over N2.6 trillion).The…
Read More...

"The rally in LNG has widened the economic incentive to switch to oil from natural gas in power generation" By Teddy NwanunobiA research conducted by consultancy, Rystad Energy, has projected that sustained increase in the…
Read More...

By Teddy Nwanunobi Nigeria and 11 other nations that are involved in huge gas flaring could lose up to $82 billion a year, due to global gas flaring, GlobalData report has said.The report identified biggest gas flarers,…
Read More...

"A valve is usually attached to the connected pipe so they can easily close it after stealing oil"Nigeria loses many barrels of oil every year to thieves in the Niger Delta area of the country. This article will be looking at how…
Read More...

“The Senate notes with concern that multinational and Nigerian oil and gas companies have over the years been operating from their respective operational bases until militancy and insecurity in the host communities in the Niger Delta…
Read More...

The Corporate Affairs Commission has completed the incorporation of Nigerian National Petroleum Company Limited in accordance with provisions of the provisions of Petroleum Industry Act (PIA), 2021 signed into law by President…
Read More...

"...Much of the demand growth materialises in 2021-23, as part of the recovery process from the COVID-19 pandemic" By Teddy NwanunobiThe Organisation of Petroleum Exporting Countries (OPEC), in its 2021 World Oil Outlook (WOO…
Read More...

"For the past one year, the price of LPG has been on the rise, with current refilling price rising by more than 100 per cent, largely because of the scarcity of the product, occasioned by unavailability of foreign exchange for importation,…
Read More...

By Teddy Nwanunobi Oil markets eased on Tuesday, after a five-day rally as investors took profits on fears that higher prices may weaken fuel demand, though market sentiment remained firm amid tight supply.Subsequently Brent…
Read More...

By Teddy NwanunobiGoldman Sachs has raised its forecast for global crude oil predicting that prices could reach $90 per barrel by the end of this year, up from $80, due to supply disruptions in the Gulf of Mexico and signs of…
Read More...