Valuechain - Nigeria's foremost Online Energy News Platform

Last week’s groundbreaking commissioning of the Rungas Alfa Plant in Lagos by the Minister of State for Petroleum Resources, Chief Timipre Sylva, at Alaro City, Free Zone, Epe, launches Nigeria into unfettered access to becoming the…
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-By Fred Ojiegbe Experts in the oil and gas industry have warned that failure of urgent passage of the petroleum industry bill, PIB, portends dire consequences for Nigeria’s oil and gas industry. Speaking at the just concluded media…
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By Teddy Nwanunobi The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crudes stood at $63.07 per barrel on Wednesday, the Organisation said on its website on Thursday. The above price compared with…
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By Teddy Nwanunobi The Nigerian National Petroleum Corporation (NNPC) and Total Nigeria Plc have commenced a move to promote the CNG Autogas programme. Chairman of Total Nigeria and Senior Vice President, Africa Division, Total…
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By Teddy Nwanunobi Although the European coronavirus lockdowns and U.S. winter storms caused disruptions in March, as shown by the crude and petroleum products market price structures, analysts have projected that the global oil market…
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By Teddy Nwanunobi The World Trade Organisation (WTO), on Wednesday, said that the falling oil prices led to a 35 per cent contraction in trade in fuels in 2020 as a result of the outbreak of the Coronavirus (COVID-19) Pandemic. …
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By Teddy Nwanunobi The Organisation of the Petroleum Exporting Countries (OPEC), on Wednesday, commended the rollout of the COVID-19 vaccines and large fiscal stimulus in some countries, saying that it was encouraging for economic…
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By Teddy Nwanunobi There are too many opportunities in Guyana’s oil industry for Nigeria and other African countries in exploration and production, as well as service companies throughout the entire value chain of the country’s energy…
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*Records Highest Nigerian Oil & Gas Bond By Teddy Nwanunobi Seplat Petroleum Development Company (SPDC) Plc has priced its offering of $650 million in aggregate principal amount of senior notes due 2026. SPDC is a leading…
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By Teddy Nwanunobi The Department for Petroleum Resources (DPR) has warned petroleum marketers not to hoard fuel, or create artificial scarcity ahead of the before, during and after the Easter season. DPR, in a statement it issued on…
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