Valuechain - Nigeria's foremost Online Energy News Platform

*Records Highest Nigerian Oil & Gas Bond By Teddy Nwanunobi Seplat Petroleum Development Company (SPDC) Plc has priced its offering of $650 million in aggregate principal amount of senior notes due 2026. SPDC is a leading…
Read More...

By Teddy Nwanunobi The Department for Petroleum Resources (DPR) has warned petroleum marketers not to hoard fuel, or create artificial scarcity ahead of the before, during and after the Easter season. DPR, in a statement it issued on…
Read More...

By Danlami Nasir Isah The Department of Petroleum Resources (DPR) has relieved six divisional heads of their duties, Valuechain can authoritatively report. The Department also retired seven operational controllers, and…
Read More...

The Department of Petroleum Resources, Nigeria’s hydrocarbon industry regulatory agency, has presented an invoice of $109.45 Million to the country’s active oil and gas companies, for 1 Million vials of Astra Zeneca COVID 19 Vaccine (X 11…
Read More...

-By Gideon Osaka There has been a continuous argument between experts and stakeholders in the oil and gas sector on whether subsidizing petrol has any advantage on Nigerian masses or not. While some argued that subsidy benefits only…
Read More...

-By Fred Ojiegbe There was a slight increase by one, in Nigeria’s rig count for the month of February, as it recorded seven, against six recorded in the month of January. This happened at a period the Organisation of Petroleum…
Read More...

An oil and gas drilling and production fabrication facility worth $600 million (about N228 billion) is rotting in the creeks of Lagos. The facility, owned by Kaztec Engineering, is at Snake Island where the Badagry Creek Industrial Park…
Read More...

…Says Transition Fuels Unavoidable As the world transits to cleaner energy, the Nigerian National Petroleum Corporation (NNPC) has affirmed Nigeria’s preparedness to play a strategic role in the new global energy order. The Group…
Read More...

By Teddy Nwanunobi The Organisation of the Petroleum Exporting Countries (OPEC) has commended President Muhammadu Buhari taking the bold steps to invest in critical gas projects in the country. “I would like to commend the President…
Read More...

*Says Nigeria Critical To Global Energy By Teddy Nwanunobi More than $12 trillion will be needed in the upstream, midstream and downstream globally by 2045, according to the projections of the Organisation of the…
Read More...