Valuechain - Nigeria's foremost Online Energy News Platform

The Federal Government is perfecting a plan to extend equalisation scheme to Liquefied Petroleum Gas (LPG) as part of measures to reduce deforestation, greenhouse pollution and death from the use of solid fuels.Speaking at an…
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The minority caucus of the House of Representatives has called for the investigation into an allegation that suspended the Managing Director of Nigeria Ports Authority Hadiza Bala Usman, who misappropriated over N165 billion of operating…
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UTM Offshore, an indigenous oil and gas company, has commenced the development of its 176 million cubic feet per day Liquefied Natural Gas (LNG) floating plant with the Pre-Front End Engineering Design (Pre-FEED) contract of the facility…
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*PEF proposes subsidy for transportation of gas products *Says policy will tackle inflation in gas products pricing *Says the PEF will ensure price uniformity across the countryThe Executive Secretary, Petroleum Equalization Fund…
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Comrade Tayo Aboyeji, Lagos (South West) zonal chairman of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), in this interview with Daily independent, absolves his members of any blame in the seeming intractable Apapa…
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A ransomware attack forced one of the largest gas pipelines in the United States to shut down. The Colonial Pipeline Company manages a network of 5,500 miles of pipeline from Houston, Texas, to Linden, New Jersey, which supplies about 45%…
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A major refinery in war-torn Syria was engulfed by fire as a result of leakage, the country’s news agency SANA reported Sunday.Valuechain reports that the incident occured at a distillation unit following a pump leakage in the oil…
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The price of petrol is set to come down by nine cents a litre as of Wednesday, the Department of Mineral Resources and Energy (DMRE) announced. The price of 95 (ULP and LRP) and 93 (ULP and LRP) will come down by 9 cents a litre.…
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The views and opinions expressed in this article are those of the author and do not necessarily reflect the position of Valuechain!The Petroleum Industry Bill, PIB, has wandered its way through the National Assembly for two decades,…
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The federal government borrowed about $5.9 billion in 2020, to tackle the COVID-19 pandemic and implement its budget. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, revealed this yesterday. A statement issued by…
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