Valuechain - Nigeria's foremost Online Energy News Platform

Panoro Energy has announced that PetroNor E&P and Panoro have reached an agreement to extend the completion long stop date for the previously announced sale of its fully-owned subsidiaries that hold 100% of the shares in Pan Petroleum…
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President Muhammadu Buhari on Thursday in Abuja signed the 2021 Appropriation Bill of N13,588,027,886,175 into law. The president’s action followed the earlier passing of the bill by the National Assembly on Dec. 21 during an emergency…
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Liquefied natural gas traders anticipate a swift demand recovery in 2021 after a year in which the coronavirus pandemic prompted dramatic price swings. Colder weather in key importing nations, outages at major production hubs and…
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There are indications FG may exceed N7.89trn 2021 revenue target as oil prices rise the Federal Government may be on course to meet and perhaps, surpass the projected oil revenue target in the 2021 budget if the recent rise in the prices…
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The Department of Petroleum Resources (DPR) says 161 successful companies have been shortlisted to advance to the next and final stage of the bid round process for 57 marginal oilfields in the country. Mr Paul Osu, Head, Public Affairs,…
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…2,318 barrels spilled A total of 37 oil spill incidents was recorded by the Shell Petroleum Development Company of Nigeria, SPDC, in the third quarter of 2020, as a result of oil theft, sabotage and third party interference. Data…
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The federal government has intensified efforts to ensure that Nigeria achieves self-sufficiency in the domestic production and utilisation of its gas resources by the first quarter of 2021. The government noted that currently, Nigeria’s…
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Nigeria will from January 1, 2021 come under obligation to make terms of contracts entered into in the oil and gas, and solid minerals sectors available to citizens in line with a new standard by the Extractive Industries Transparency…
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The COVID-19 pandemic and the weak global economic outlook, coupled with fragile energy demand, has resulted in a decline in oil and gas prices, according to report by GlobalData. The nature of these circumstances, it said, has also…
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Nigeria spent N1.62 trillion to import Premium Motor Spirit, PMS, also known as petrol, between January and September 2020, according to data obtained from the National Bureau of Statistics, NBS. Ac cording to the NBS, in its…
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