Valuechain - Nigeria's foremost Online Energy News Platform

The Organisation of Petroleum Exporting Countries(OPEC) and its allies are considering a further easing of oil output cuts from August as oil prices rise on demand recovery. However, no decision had been taken yet on the exact volume to…
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A week before the latest deadline to pass Nigeria’s long-awaited oil overhaul bill, demands for big changes, including from community leaders seeking an increased share of revenues, could push its passage into late this year, four sources…
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The Nigerian National Petroleum Corporation (NNPC) says smuggling across the borders has increased the daily consumption of Premium Motor Spirit (PMS) to 103 million litres per day in May. Vanguard reports that the Group Managing…
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7 killed, others injured in Ekiti auto crash Fire outbreak averted as excavator crushes gas pipeline in Lagos An early morning tanker explosion, Tuesday, claimed the lives of two persons, while 13 vehicles were burnt at Ogere – Remo…
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The Director-General of Nigerian Civil Aviation Authority (NCAA), Captain Musa Nuhu, has described the acquisition of brand new aircraft by Air Peace as a milestone in Nigeria’s aviation sector noting that what was happening in the…
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Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Tuesday. "There is quite a chance to reach $100 but we could…
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Suspended micro-blogging and social media platform, Twitter, has expressed in a letter to President Muhammadu Buhari, its desire for the lifting of the suspension of its operations in Nigeria. This was made known by the Special…
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The cost of renewable energy sources is undercutting that of new and some existing coal-fired power plants, a report by the International Renewable Energy Agency (IRENA) showed on Tuesday. Due to cheaper renewable energy, up to 800…
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Lekoil Nigeria has disclosed that a number of its directors and senior executives have resigned with immediate effect from the Board of Lekoil Cayman. Lekoil Cayman, a Cayman Islands-registered AIM-listed holding company holds a 40…
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The Nigerian Content Development and Monitoring Board (NCDMB) is striving to become the best federal agency in terms of service delivery in the nearest future, the Executive Secretary, Engr. Simbi Kesiye Wabote has said. He spoke…
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