Valuechain - Nigeria's foremost Online Energy News Platform

Nigeria sold $2.89 billion worth of oil and gas between November 2019 and November 2020, the Nigerian National Petroleum Corporation has said. The country suffered significant loss of revenue in 2020 due the fall in oil prices as a…
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Brent oil prices Monday shot past $60 a barrel for the first time in more than a year Monday with investors growing increasingly optimistic about demand as the global economy recovers from the coronavirus pandemic. The…
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· Fear of social disturbances stalls new pump price · FG now subsidising PMS without budgetary provision As Brent Crude traded at $59.34 per barrel at the international oil market on Friday, the federal government is in a dilemma to…
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The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦13.43billion for the month of November 2020 up by 54% when compared to the ₦8.71billion surplus recorded in October 2020. This is contained in the…
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The Department of Petroleum Resources, (DPR) yesterday said the Federal Government stands to rake $500m from the ongoing signature bonuses to be awarded to 57 marginal oil fields in the country. A Director of DPR, Sarki Auwalu, who…
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The Nigerian Ports Authority (NPA) says it is expecting 20 ships laden with petroleum products, food items and other goods from Feb. 5 to Feb. 15. The NPA made this known in its publication, `Shipping Position’, a copy of which was…
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Position : EditorEmployment Type : Full TimeJob Location : Abuja Valuechain is one of Nigeria’s foremost online Oil & Gas news platform with hard copy publication that circulates within the Nigerian and international oil and…
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The ongoing trial of Petro Union Oil and Gas Company Limited, Abayomi Kukoyi, Prince Kingsley Okpala, Prince Chidi Okpalaeze, and Prince Emmanuel Okpalaeze before Justice A.M. Liman of a Federal High Court, Ikoyi, Lagos, on an amended…
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The Organisation of Petroleum Exporting Countries (OPEC) yesterday said its members had achieved 101 per cent adherence to crude oil output cut mandatorily agreed upon last year to curb huge supply glut. This is coming as oil price rose…
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•Similar situation happened in 2016 to 2019 •As DPR blames third party for crude theft in land terminals The House of Representatives on Wednesday affirmed that crude oil worth over $20 billion could not be accounted for between…
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