Valuechain - Nigeria's foremost Online Energy News Platform

Oil surged above $50 a barrel on Thursday for the first time since early March as hopes of a faster demand recovery after the release of COVID-19 vaccines offset a huge rise in U.S. crude inventories that showed there was still ample…
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The Nigerian National Petroleum Corporation, NNPC, has, under its direct-sale-direct-purchase, DSDP, programme,  requested submission of tenders for the 2020/2021 fuel supplies in the country. Under the DSDP, NNPC will provide monthly…
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The Federal High Court in Lagos has upheld a landmark $1.7billion arbitral award in favour of the Nigerian Petroleum Development Co. (NPDC) Ltd against the Atlantic Energy Drilling Concepts Nig. Ltd and Atlantic Energy Brass Development…
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Notwithstanding the challenges in the global oil and gas industry, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has stated that the agency has retained the $6.4 billion of yearly spend…
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Efforts by the government to harness its 203.16 trillion cubic feet (TCF) gas reserves to spur economic activities and boost revenue may remain elusive as an emerging energy solution, especially renewable energy and energy storage, are…
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Dutch documentary reports that Shell employees ordered vandalisation of pipelines to profit from clean-up budgets. Nigerian employees of the Anglo-Dutch oil company Shell ordered the deliberate vandalisation of oil pipelines for…
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Nigerian energy firm, Oando Plc, says its failure to submit the third quarter 2020 financial results was caused by the indefinite suspension of the company’s Annual General Meeting. The company said this in a disclosure notice sent to…
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The Nigerian Content Development and Monitoring Board (NCDMB) on Tuesday disclosed that exploration and production in the Nigeria oil and gas sector was now fully indigenized. Mr Simbi Wabote, Executive Secretary of NCDMB, made the…
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The Nigerian National Petroleum Corporation (NNPC) said it has commenced discussion with its partners for the construction of the Nigeria Liquefied Natural Gas (NLNG) Train 8. The Group Managing Director of the NNPC, Mallam Mele Kyari,…
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The federal government, on Monday night, succumbed to the pressure from organised labour and reduced present price of Premium Motor Spirit, popularly known as Petrol, by N5. The Minister of Labour and Employment, Chris Ngige, who…
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