Valuechain - Nigeria's foremost Online Energy News Platform

A ransomware attack forced one of the largest gas pipelines in the United States to shut down. The Colonial Pipeline Company manages a network of 5,500 miles of pipeline from Houston, Texas, to Linden, New Jersey, which supplies about 45%…
Read More...

A major refinery in war-torn Syria was engulfed by fire as a result of leakage, the country’s news agency SANA reported Sunday. Valuechain reports that the incident occured at a distillation unit following a pump leakage in the oil…
Read More...

The price of petrol is set to come down by nine cents a litre as of Wednesday, the Department of Mineral Resources and Energy (DMRE) announced. The price of 95 (ULP and LRP) and 93 (ULP and LRP) will come down by 9 cents a litre. …
Read More...

The views and opinions expressed in this article are those of the author and do not necessarily reflect the position of Valuechain! The Petroleum Industry Bill, PIB, has wandered its way through the National Assembly for two decades,…
Read More...

The federal government borrowed about $5.9 billion in 2020, to tackle the COVID-19 pandemic and implement its budget. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, revealed this yesterday. A statement issued by…
Read More...

The Nigerianization process at the shipping arm of the Nigerian Liquefied Natural Gas, NLNG,has reached 84 percent while the NLNG Ship Management Limited, NSML is now at 85 percent and the management of the firm is saying that the process…
Read More...

…Welcomes former senior Shell executive, Osayande Igiehon, as CEO Heirs Oil & Gas (HHOG), the leading African integrated energy company, has announced the appointment of Osayande Igiehon as Chief Executive Officer, effective May 4,…
Read More...

The suspended Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman, has refuted allegations of failing to remit the operating surplus of the agency to the Consolidated Revenue Fund (CFR). In a letter dated May 5,…
Read More...

OPEC and its allies have overproduced their quotas by a cumulative 3.316 million b/d through the end of March, with Russia and Iraq the most egregious offenders, according to an internal document seen by S&P Global Platts. Under the…
Read More...

President Muhammadu Buhari on Thursday suspended Hadiza Bala Usman as the Managing Director of the Nigerian Ports Authority (NPA). No reason was given for the suspension of Usman who was reappointed for another five-year tenure…
Read More...