Valuechain - Nigeria's foremost Online Energy News Platform

Nigeria’s oil industry looks set for a difficult 2021 as a delay in implementing key legislative reforms compounds problems for a sector still reeling under the weight of OPEC+ output cuts and the impact of the coronavirus. A continued…
Read More...

*Say creeks, shorelines impacted *Lament poor catch, looming hunger Residents of Sangana and other coastal communities in Akassa Kingdom in Brass local government area of Bayelsa State have cried out over loss of their livelihood…
Read More...

The average price of Bonny Light, Nigeria’s premium oil grade, has dropped by 34.8 percent to $42.9 per barrel in the past 11 months of 2020, due mainly to the prolonged Coronavirus pandemic, drop in economic activities and oil demand. …
Read More...

Consumers of the Liquefied Petroleum Gas, LPG, would have more domestic supply, as the Nigeria LNG Limited, has started the supply of 450,000 metric tonnes, MT in 2021. A company source, who confirmed the development, said the product…
Read More...

Oil prices retreated from multi-month highs as the prospect an upsurge in the novel coronavirus will lead to tougher movement restrictions offset expectations OPEC and allied producers will decide on Monday to cap output at current levels…
Read More...

Most OPEC+ oil-producing countries oppose plans to increase output from February as winter lockdowns to contain the coronavirus choke demand, three OPEC+ sources told Reuters on Monday. OPEC+, which groups OPEC and other producers…
Read More...

Despite its huge oil reserves, Nigeria attracted only four percent of Africa’s $75 billion oil and gas investment in four years (2015-2019) because of the delay in the passage of the nation’s Petroleum Industry Bill, PIB into law,…
Read More...

The Organisation of the Petroleum Exporting Countries (OPEC) sees plenty of downside risks for oil markets in the first half of 2021, Mohammad Barkindo, its Secretary-General said on Sunday. Barkindo’s remark is coming a day before…
Read More...

The Department of Petroleum Resources (DPR) has called on users and sellers of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas, to strictly  adhere to safety rules in the light of the harmattan season. Mr Musa…
Read More...

Members of the OPEC group of oil producers and their partners will meet via videoconference on Monday to decide on production levels for February, hoping to turn the corner on a difficult year. The OPEC+ ministerial meeting comes after…
Read More...