Valuechain - Nigeria's foremost Online Energy News Platform

Africa’s largest oil producers do not plan to abandon oil and gas exploration and production and could consider creating a continent-wide bank to fund new projects when international banks refuse to finance new developments. Nigeria, an…
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Mike Adenuga-chaired Conoil Plc earned 63 per cent more in after-tax profit from January to March compared to the same period of 2020. But the company’s turnover fell by over N5 billion as the energy firm gained relief after paying up…
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By Teddy Nwanunobi About $40 billion investment would be required to close the huge infrastructure gap that is currently threatening Nigeria's 'Decade of Gas' initiative. The Nigerian National Petroleum Corporation (NNPC) disclosed…
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By Teddy Nwanunobi Lekoil Nigeria Limited has faulted the termination of Mr. Lekoil Akinyanmi by Lekoil Limited as Lekoil Cayman CEO, claiming that due diligence was not followed in the process. “We are of the opinion that recent…
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Oil major, ExxonMobil, has divested its 80 per cent interest in Ghana’s Deepwater Cape Three Points offshore bloc, a spokesman told Reuters on Thursday. “ExxonMobil is prioritising near-term capital spend on the most advantaged assets…
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By Teddy Nwanunobi (with agency report) Vice President Yemi Osinbajo has declared that Nigeria's dependence on conditions that are driven by the crude oil for too long is one that is not good for the nation. Osinbajo spoke at the…
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The Department of Petroleum Resources (DPR) says it is not celebrating any 50 years anniversary and has not commissioned any media company to do a publication in that regard. The DPR made this known in a statement issued by its…
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By Momodu Abutu XYZ Mother Nature has a way of depositing its vast treasures wherever it pleases. In the wonderful world of hydrocarbons, these resources are either placed onshore (on land) or offshore (in water). Beneath the hidden…
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Competition: An international friendly match Venue: Weiner Neustadt Stadium, Austria Date: Friday, June 4. Kickoff time: 8.30 pm (Nigerian time) ???????????????????????????? -By Our Reporter The first of a brace of…
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By Teddy Nwanunobi Chairman of Petroleum Technology Association of Nigeria (PETAN), Mr. Nicolas Odinuwe, has been confirmed as the representative of the indigenous oil and gas service companies at the maiden edition of the African Local…
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