Valuechain - Nigeria's foremost Online Energy News Platform

The Organisation of Petroleum Exporting Countries (OPEC) on Tuesday upheld its December 3, 2020 decision to increase crude oil production output by 500,000 barrels per day for February and March, 2021. The plan will, however, see…
Read More...

Total Nigeria Plc has projected a rise in its revenue to N115.97 billion for the first quarter of 2021 (Q1, 2021), indicating a 157.7 per cent increase from the figure recorded in Q3 2020. This is according to the latest earnings…
Read More...

Nigeria’s crude and condensate output in December fell 9% month on month to 1.52 million b/d, data from the Department of Petroleum Resources — the oil industry regulator — showed, hit by production problems at key export grade Qua Iboe. …
Read More...

Lekoil shares fell 26% on Thursday after the Nigeria-focused oil and gas company flagged the possibility of sanctions from Nigeria’s petroleum ministry over a stake purchase by Metallon, which is now Lekoil’s top investor. Lekoil said…
Read More...

The Nigerian Gas Association and other stakeholders have said the liquidity issues that hamper returns from the power sector should be speedily resolved to address legacy debts and facilitate full recovery of gas revenues from the Nigerian…
Read More...

With the outbreak of the Coronavirus pandemic, and lockdown, economic activities contracted significantly, leading to low demand for crude oil and dwindling prices, thus putting pressure on oil and gas companies and other stakeholders to…
Read More...

Nigeria’s state oil firm NNPC is in talks to raise around $1 billion in a prepayment with trading firms to refurbish its largest refining complex at Port Harcourt, seven sources familiar with the discussions said. If the financing is…
Read More...

The Federal Government through the Ministry of Petroleum Resources has objected to the tactics adopted by South African company, Metallon Corporation Limited to takeover LEKOIL Nigeria Limited. The objection is contained in a letter…
Read More...

The price of Brent oil gained more than four per cent yesterday as the Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, resumed talks on February production quota. Brent oil price hit over $53 a…
Read More...

A coalition of nine militant groups under the aegis of Reformed Niger Delta Avengers, RNDA, yesterday, backed out of peace talks with the Federal Government, accusing President Muhammadu Buhari of not doing well for Niger Delta and…
Read More...