Valuechain - Nigeria's foremost Online Energy News Platform

By Teddy Nwanunobi The Economic Commission Board (ECB), the economic and technical think-tank of the Organisation of the Petroleum Exporting Countries (OPEC), has commenced a two-day meeting on Tuesday via videoconference to conduct a…
Read More...

The Department of Petroleum Resources (DPR) has set up a programme to establish micro Liquefied Natural Gas (LNG) distribution centres across the 774 local government areas in the country. Mr Sarki Auwalu, Director, DPR, made the…
Read More...

A new report by Financial Derivatives Company Limited (FDC) has indicated that Nigeria's oil and gas industry loses as much as $15 billion in investments annually due to the delayed passage of the Petroleum Industry Bill (PIB), currently…
Read More...

Proven gas deposits in Nigeria has moved 206.53 trillion cubic feet, the Department of Petroleum Resources (DPR) said yesterday in Abuja. Speaking at the Nigeria International Petroleum Summit, Director of DPR, Auwalu Sarki disclosed…
Read More...

The federal government has announced the discovery of an additional 3.53 Trillion Cubic Feet (TCF) of gas in the country, further boosting the existing quantum of reserve to 206.53 TCF. Speaking at the Nigeria International Petroleum…
Read More...

The price of the international crude benchmark, Brent crude, climbed to $73.17 per barrel on Monday, June 14. This is the highest level it has reached since October 2018. One of the major drivers of this is the rollout…
Read More...

The Department of Petroleum Resources (DPR) has said that indigenous oil and gas companies are now contributing as much as 33% to the country’s crude oil reserves and about 30% to its gas reserves. This is as it has announced that…
Read More...

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has hailed the giant stride of President Muhammadu Buhari in the oil industry, stating that his administration’s support has restored investors…
Read More...

Barely a year after the Department of Petroleum Resources, DPR, slammed a $250,000 fine on National Oilwell Varco, NOV, over perceived unfair labour practices, the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN,…
Read More...

World Bank has approved $465 million for improved energy access in West Africa.The new project aims to extend grid electricity access and integrate renewable energy into the grid. The World Bank has approved US$465 million in financing…
Read More...