Valuechain - Nigeria's foremost Online Energy News Platform

"Downside risks include a new COVID-19 wave, taper tantrum, a China debt crisis, and the return of Iranian crude barrels"Oil prices could hit $100 per barrel over the next six months if we have a colder-than-usual winter, which…
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By Teddy NwanunobiFor the first time in history, the duo of the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), HE Mohammad Barkindo, and the Minister of Economy and Petroleum of Venezuela, HE Tareck…
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“NNPC share of loss in OKLNG was not recognised since the accumulated share of loss is higher than the initial investment”Olokola Liquefied Natural Gas (OK LNG) project and West African Gas Pipeline (WAGP), capable of making…
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By Saidu AbubakarEvery dollar that is spent on research and development (R&D) translates to prosperity, growth and productivity, and of course, ultimately employment, the General Manager, Research, Statistics and Development of…
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...Analysts on average had been expecting a drop of 3.5 million barrels By Teddy NwanunobiOil prices climbed on Wednesday, after the industry’s data indicated huge drawdown in crude oil stocks in the United States, the world’s…
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By Teddy Nwanunobi American multinational energy corporation, Chevron, has rolled out plans toward meeting its energy transition, through the investment of more cash in new low carbon sources.The Chairman and CEO, Michael Wirth,…
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“When I look at the books of Nigerian banks today, I don’t see a lot of dollar liquidity. It’s becoming a very difficult deal for people to pull off" By Teddy NwanunobiShell’s asset divestment in Nigeria has suffered a setback…
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*Remits N68bn to NDDC in 19 years By Teddy Nwanunobi ExxonMobil has warned that Nigeria stands the risk of losing 90 per cent of its foreign exchange earnings, if crude oil fails in the future.Speaking during an interaction…
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Earlier today, GMD of the NNPC, Mallam Mele Kyari received, in audience, the new Managing Director and Chief Executive Officer of the Nigeria Liquefied Natural Gas (NLNG) Limited, Dr. Philip Mshelbila. Dr. Mshelbila took over from Engr.…
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By Teddy NwanunobiOil marketers, under the aegis of Major Oil Marketers Association of Nigeria (MOMAN), have protested the Federal Government’s reintroduction of Value Added Tax (VAT) on the imported Liquefied Petroleum Gas (LPG),…
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