Valuechain - Nigeria's foremost Online Energy News Platform

Timipre Sylva, the Nigerian Minister of State for Petroleum Resources, says that the timeline for the delivery of the Petroleum Industry Bill (PIB) is out his control. “Timeline is always a difficult question because this is something…
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In a time when there is a need for diversification in order to reduce our overdependence of oil, Mr. Abdulrasaq Isa is taking the bull by the horns by building a massive oil refinery in Imo state. According to him, the company…
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...begins full deregulation of oil sector The Federal Government says it would no longer provide a price band at which marketers will sell Premium Motor Spirit, popularly called petrol. According to Saidu, the downstream arm of the…
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International Oil Companies (IOCs) and their local counterparts have burnt $787.7 million worth of Nigerian gas from different oilfields in the country’s Niger Delta. Through Gas flaring in Nigeria’s oil fields, the companies burnt…
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•Exits price fixing, adds gas to Nigeria’s gasoline mix It is no longer news that the Federal Government has finally yielded to pressures from fuel marketers to fully deregulate the downstream sector of the nation’s oil and gas industry…
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…Threatens Legal Action Against Online Publication The Nigerian National Petroleum Corporation (NNPC) has dismissed, in its entirety, the allegation that the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project was inflated to the tune of…
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The Nigerian Content Development and Monitoring Board (NCDMB) has partnered the Industrial Training Fund (ITF) to train 255 Nigerian youths in nine vocational skills. The Board in a statement said the six months training programme,…
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The Nigerian Maritime Administration and Safety Agency (NIMASA) has revived efforts to change the terms of trade for the affreightment of Nigerian crude oil from Free on Board (FOB) to Cost, Insurance and Freight (CIF). The…
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On December 12, 2017, the Vice President, Yemi Osinbajo, was at Ibefun, Ogun State to commission Africa’s largest tank farm built by indigenous oil and gas company, Petrolex Oil and Gas Limited. The property is the site of a 300 million…
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Nigerian Union of Petroleum and Natural Gas workers (NUPENG) has declared that there would be no industrial action or protest over recent hike in price of Premium Motor Spirit (PMS) also known as petrol and the electricity tariff increase…
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