Valuechain - Nigeria's foremost Online Energy News Platform

...PDP, Ndume, expert caution on fresh borrowing by FG House of Representatives may kick against provision for subsidy on Premium Motor Spirit, popularly known as petrol, in the 2022 budget.This, it was learnt, is to…
Read More...

“DPR cannot sit back and watch the danger the existence of these illegal facilities portend to the lives and property of citizens.”The Department of Petroleum Resources (DPR), in Abuja, on Thursday sealed 11 illegal gas plants and…
Read More...

“This will stop our services to members of the public in Enugu, Anambra, and Ebonyi from Sept. 17 until the police illegality is reversed”The Independent Petroleum Marketers Association of Nugeria (IPMAN) has ordered its members…
Read More...

Premium Motor Spirit, otherwise called petrol, now sells for between N200 and N220 per liter at the independent marketers’ service stations in Nsukka, Enugu State.The News Agency of Nigeria is reporting the hike in the price…
Read More...

The Petroleum Products Pricing Regulatory Agency (PPPRA) says a total of 85,264.803 Metric Tonnes (MT) of Liquified Petroleum Gas (LPG), also known as cooking gas, was supplied nationwide in the month of August.The Agency…
Read More...

"Crude inventories fell by 6.4 million barrels in the week to September 10 to 417.4 million barrels, the EIA said, compared with expectations in a Reuters poll for a 3.5 million-barrel drop" By Teddy NwanunobiOil prices slipped…
Read More...

By Teddy NwanunobiThe resolution of the corporate crisis that has engulfed London-listed oil firm, Lekoil (Cayman) Limited, may take longer than anticipated as Lekoil Nigeria begins legal action to address concerns on various…
Read More...

“This year, our revenue budget was N3.2 trillion. By the end of August 2021, we have generated up to 70 per cent" By Teddy NwanunobiThe Department of Petroleum Resources (DPR) has set a revenue generation target of N3.2 trillion…
Read More...

By Teddy Nwanunobi Contrary to 1.38 million barrels per day (mbpd) that Nigeria pumped in the month of July, the oil-rich West African nation pumped 0.11mbpd lower in the month of August.The latest Monthly Oil Market Report…
Read More...

"...strike action had been called off with immediate effect"Independent Petroleum Marketers and Dealers Association and Petroleum Tanker Drivers Association in Imo State on Wednesday’s afternoon called off their strike action after…
Read More...