Valuechain - Nigeria's foremost Online Energy News Platform

Nigerian Petroleum Development Company Limited (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has expressed readiness to start oil exploration in Ogoniland.The NPDC has also declared that it would…
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The federal government has set timeline for the implementation of the Petroleum Industry Act (PIA). This followed the inauguration of a nine-member steering committee headed by Timipre Sylva, minister of state on petroleum.Last…
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Oil prices rose more than 5% on Monday, recovering from a seven-day losing streak due to a weaker dollar and strength in global equities markets."Although the oil complex has generally been able to shrug off strength in the stock…
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The Nigeria Government has failed to make oil revenue savings into the Excess Crude Account (ECA) despite increase in global oil price.Conversely, withdrawals have been made from the account, which saw it being depleted by $11.56…
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By Teddy NwanunobiThe Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), HE Mohammad Sanusi Barkindo, on Monday, began his mission to the Republic of the Congo by holding a bilateral meeting with…
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Total has said its global name change to TotalEnergies was informed by a climate change at a summit held in Paris, France in 2016.Executive General Manager, Total Country Services, Mrs. Bunmi Popoola-Mordi, stated this at the…
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Nine days to the assumption of office of Philip Mshelbila as Managing Director, there is uneasy calm in the Nigeria Liquefied Natural Gas, NLNG, over concession given to International Oil Companies, IOCs, lifters above others.…
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…says there must be a mechanism for accountability, stabilityFormer Senate Leader, Senator Victor Ndoma Egba, SAN has asserted that the people of the Niger Delta region must stay focused on how to judiciously use the 3% they have…
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…marking OPEC’s first historic state visit to a regional oil giantWith a view to driving growth and development in the energy sector, the Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), His…
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In line with the promise of  President Muhammadu Buhari to ensure an efficient oil and gas sector for economic development in Nigeria, the president not only assented to the Petroleum Industry Bill (PIB) but has approved a steering…
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