Valuechain - Nigeria's foremost Online Energy News Platform

...Nigeria imports 100 per cent of its methanol The Minister of State for Petroleum Resources, Timipre Sylva, says the upcoming integrated methanol and gas project would create 30, 000 direct and indirect jobs in the country. Mr…
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…As Partner Take FID on Project The Nigerian National Petroleum Corporation (NNPC) says it would do everything within its powers to ensure the timeous completion of the $3.6bn Integrated Gas Processing and Methanol Plant in Odioma,…
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The Court of Appeal in the Hague, Netherlands has ruled that the Royal Dutch Shell and the Shell Petroleum Development Company of Nigeria Limited, are liable to to pay compensation for oil spills in the Niger Delta. The Dutch Court…
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...insists World’ll still depend on oil, gas for 50% energy need by 2045 The renewables will not come anywhere close to overtaking oil and gas in the decades ahead, Secretary General of the Organisation of Petroleum Exporting Countries…
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Tenaris has delivered its final shipment of coated pipes for Total’s ultra-fast track Ikike Project, located approximately 20km offshore the Nigerian Coast, in the Gulf of Guinea. The scope included 28km of 12” seamless line pipe,…
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Nigeria’s foreign exchange (forex) reserves rose from $34.94 billion last November to $36.23 billion by January 21, 2021 on the back of increase in global crude oil prices. Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, who…
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The Federal Government has taken the first major step to relocate the Department of Petroleum Resources, DPR, from Lagos to Abuja, with laying of the foundation for its head office building in the nation’s capital. The bulk of…
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In a statement on Wednesday, the association described the achievement of over one million MT of cooking gas consumption level in 2020 as a major milestone, adding that achieving two million MT by 2022 meant that awareness on usage of gas…
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…Increases Gas Supply to Power Plants by 8.60% The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded a total of ₦158.04 billion from…
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The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammad Barkindo, says the oil and gas sector will still supply over 50 per cent of the global energy needs by 2045. Barkindo made that assertion…
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