Valuechain - Nigeria's foremost Online Energy News Platform

Barely 24 hours after the members of the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) and the National Union of Petroleum and Natural Gas workers (NUPENG) declared a nationwide strike, the Nigerian National Petroleum…
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Royal Dutch Shell will halve crude processing capacity and cut jobs at its Pulau Bukom oil refinery in Singapore as part of an overhaul to reduce its carbon emissions. The refinery on Pulau Bukom, a small island in the Southeast Asian…
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…Over 2.9 Billion Litres of Petrol Available for Yuletide The Nigerian National Petroleum Corporation (NNPC) on Tuesday dismissed mounting insinuation of possible scarcity of petroleum products following ongoing disagreement between the…
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Apparently fulfilled by the results of its fuel and gas supply strategies, the Nigerian Independent Marketing Company (NIPCO) has disclosed its hydrocarbon products storage and distribution facilities, coupled with hundreds of service…
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Oil surged about 8% on Monday, its biggest daily gain in more five months, after Pfizer announced promising results for its COVID-19 vaccine. Brent crude LCOc1 settled at $42.40 a barrel, up $2.95, or 7.48%, while U.S. West Texas…
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The Cluster Management Committee/President Generals Forum of Oil Mining Lease (OML) 30 in Delta State, has shut down operations of Heritage Energy Operational Services Ltd (HEOSL), operators of OML 30. The committee made this known in a…
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The Nigeria Liquefied Natural Gas (NLNG) Limited, a joint venture between Nigerian National Petroleum Corporation (NNPC), Shell Gas, Total and Eni has called for the debottlenecking of the country’s gas value chain in order to drive…
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Renewed European lockdowns will delay demand recovery in the global oil market, particularly if these measures are extended into 2021 or further restrictions are re-introduced in the US or other regions, Fitch Ratings says. However, OPEC+…
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The Nigeria Association of Petroleum Explorationists (NAPE) has announced that its 38th Annual International Conference and Exhibition (AICE), which is perhaps the largest gathering of earth scientists and other stakeholders in the oil and…
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The President of the Nigerian Association of Petroleum Explorationists (NAPE) Alex Tarka has said that the federal government exploration campaign in the frontier basins particularly the Benue trough will be vigorously pursued and…
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