Valuechain - Nigeria's foremost Online Energy News Platform

Oil prices rose on Monday, pushing Brent back above $50 a barrel, buoyed by hopes that a rollout of coronavirus vaccines will lift global fuel demand while a tanker explosion in Saudi Arabia jangled nerves in the market. Brent crude…
Read More...

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has lauded the roles played by service companies in the provision of goods and services for the sustenance and growth of the…
Read More...

Nigeria is expected to drive the refinery capacity growth in Africa by 2024, contributing around 71% of the region’s total growth. Nigeria is likely to add 1.5 million barrels per day (mmbd) of refinery capacity by 2024, says GlobalData, a…
Read More...

At a pump price of ₦167 per litre, Nigerians are currently overpaying for fuel, an industry expert, Alhaji Rabiu Bello has revealed Bello, a former Chief Operating Officer/Group Executive Director, Upstream Business Unit at the Nigeria…
Read More...

The Federal Government has been urged to ensure full participation of oil host communities, on discussion towards the planned resumption of oil exploration activities in Ogoniland. Recall that since they year 1993, as a result of…
Read More...

Shell’s former international upstream head Malcolm Brinded had no reason to think that the awarding of the OPL-245 oilfield license in Nigeria was illegal, his lawyer said on Wednesday. In a court hearing in Milan, Marco Calleri said…
Read More...

The Minister of State for Petroleum Resources, Mr. Timipre Sylva has said that Nigeria’s long-awaited Petroleum Industry Bill (PIB) will include low tax provisions to sustain stable investments in the country’s oil sector. Sylva equally…
Read More...

The Covid-19 pandemic and other economic challenges did not distract the petroleum resources ministry from its reform agenda When President Muhammadu Buhari appointed Timipre Sylva, a former governor of Bayelsa State, as Minister of…
Read More...

The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to the Covid-19 pandemic and the accelerating energy transition – unless exploration speeds up significantly and…
Read More...

The planned imposition of a N300 million levy on owners of Tank farms in Ijegun has drawn the ire of the operators, even as the operators list the seector’s contribution to the economy. There is no love lost, albeit, for now,between the…
Read More...