Valuechain - Nigeria's foremost Online Energy News Platform

The Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Wednesday that the Liquefied Petroleum Gas storage capacity in the country has risen to 69,698 metric tonnes following the construction of a new terminal by Techno…
Read More...

The number of active oil rigs in Nigeria declined by 30 per cent in October, with stakeholders lamenting the reduction in exploration activities in the nation’s oil and gas industry. Data obtained by our correspondent from the…
Read More...

The Nigerian National Petroleum Corporation (NNPC) has reiterated its resolve to grow the nation’s hydrocarbon reserves to 40billion barrels through reinvigorated exploratory activities in the inland frontier basins across the country. …
Read More...

The Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Wednesday that the Liquefied Petroleum Gas storage capacity in the country has risen to 69,698 metric tonnes following the construction of a new terminal by Techno…
Read More...

House of Representatives yesterday issued a 72-hour ultimatum to the Nigerian Liquefied Natural Gas, NLNG to submit documents on waste management/disposal component of the final Investment decision in the NLNG Train-7 Gas Project. The…
Read More...

The Department of Petroleum Resources (DPR) has disclosed that it effected the shutdown of 85 Liquefied Petroleum Gas (LPG) plants in Lagos from January 2020 to October 2020, for engaging in illegal operations. According to a report…
Read More...

The Nigerian National Petroleum Corporation was the centre of attraction at the Nigerian Society of Engineers’ (NSE) fellowship award ceremony with the Corporation bagging a Special Recognition Award and seven of its staff, including the…
Read More...

With Nigeria’s oil industry incurring about 7.4 per cent of the national budget in personnel and overhead costs, alongside others like logistics, direct handling and lifting of crude, operators may have to do more to achieve the $10 per…
Read More...

Oil companies have asked security services to tighten surveillance as violent anti-police brutality protests and the expected sacking of hundreds of workers worsen desperation in the region, industry sources told Reuters. Already…
Read More...

The Nigerian National Petroleum Corporation (NNPC) yesterday projected global losses from exploration and production activities due to slowing demand for crude oil amid the COVID-19 pandemic will hit about $1 trillion by the end of 2020. …
Read More...