Valuechain - Nigeria's foremost Online Energy News Platform

*Honours outstanding members -By Danlami Nasir IsahIn celebration of its 10th year anniversary, the Society of Petroleum Engineers, Section 199, Abuja in collaboration with Valuechain Sickle Cell Foundation took to the streets of…
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-By Teddy NwanunobiFounded in Baghdad, Iraq on September 14, 1960, the Organisation of the Petroleum Exporting Countries (OPEC) had five countries (Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela) as its founding…
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-By Teddy NwanunobiNigeria is one of the world’s largest producers of crude but the country has lacked adequate refining capacity for decades, despite owning four state-run refineries-the Port Harcourt I & II refinery, Warri and…
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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 NwanunobiAlthough 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 NwanunobiThe 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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