Valuechain - Nigeria's foremost Online Energy News Platform

For the federal government, the expansion of investments around gas infrastructure is about targeting the country’s huge gas deposit to serve as stimulus to economic development: There seems to be a critical thinking around gas…
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…Budgets must downscale oil income Government should begin deemphasizing the role of petroleum resources in the funding the nation’s annual fiscal projections and instead apply the commodity in catalyzing domestic industrial activities…
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Amid the general gloom that the economy has suffered as a result of coronavirus pandemic, the volume of petrol imported into the country in May plummeted by 72.65 per cent, the latest data obtained from the Nigerian National Petroleum…
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From Baghdad and Algiers to Caracas, many of the world’s oil capitals are experiencing a summer of discontent. It could be a glimpse of their future. Iraq has seen fatal protests as its electricity grid buckles amid searing heat, while…
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The Nigeria National Petroleum Corporation (NNPC), has said that it has gained traction and reduced it’s JVC cash call debt from $5 billion in 2015 to $3 billion in five years.This NNPC attributed to the efficient business plan put in…
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Oil prices decreased today, Friday, but is on track to achieve gains for the second week in light of the growing confidence that demand for fuel began to rise despite the Corona virus pandemic that is wracking economies around the world. …
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The International Energy Agency, IEA, has warned that demand for oil will plummet by 8.1 million barrels per day (bpd) in 2020 due to reduced air travel occasioned by the Coronavirus (COVID-19) pandemic. This is expected to further depress…
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The Federal Government has re-introduced a revised version of the Petroleum Industry Bill (PIB) which lawmakers are expected to pass into law before the end of the year, but unlike in previous versions, the input of oil sector operators…
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President Muhammadu Buhari, Thursday charged the Nigerian Content Development and Monitoring Board (NCDMB) to achieve 70 per cent local content in Nigeria’s oil and gas industry by 2027. Buhari, who was represented by the Minister of…
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The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has made it known that maritime agencies across the country are looking at the workability of 24-hour port services to curtail…
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