Valuechain - Nigeria's foremost Online Energy News Platform

A Canadian judge has confirmed the seizure and grounding of a luxury private jet purchased by a former Nigerian oil minister, Dan Etete, with some of the alleged proceeds of the controversial $1.3 billion Malabu OPL245 oil deal. The…
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There are 29 shallow water fields among the 52 fields on offer in the ongoing Nigerian marginal field bid round, which wraps up on September 2, 2020. This represents 56% of the total. Compared with six offshore fields (or 25%) out of…
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The South West chapter of Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed all its members in the zone to increase the dispensing pump price of Premium Motor Spirit (PMS) otherwise known as petroleum from N143 to…
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...Led by Saudi Arabia Saudi Arabia, the Emirates, Kuwait, Bahrain, the Sultanate of Oman and Iraq have affirmed their full commitment to the agreement to reduce oil production between OPEC + countries. The energy and oil ministers…
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The Nigeria National Petroleum Corporation, China’s CNOOC Ltd and South Atlantic Petroleum signed a preliminary agreement to resolve a dispute over Oil Mining Lease 130, the West African state oil firm said on Thursday. NNPC said on its…
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The National Oil Spill Detection and Response Agency (NOSDRA) disclosed that the value of gas flared by oil and gas companies from January to June 2020 worth about $445.7m. NOSDRA stated that 222.8 billion standard cubic feet (bscf) of…
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The price of oil has risen above $45 a barrel, the first time it has reached that level since the coronavirus outbreak forced countries across Europe into lockdown. However, this rebound may prove to be short-lived, according to oil market…
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…SPDC working to eliminate spills from operational activities, remediate past spills and prevent spills caused by sabotage. …Company’s remediation practices compliant with the Environmental Guidelines and Standards for the Petroleum…
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One of Nigeria’s most eminent petroleum industry maestros, Mr. Austin Avuru, who just retired from the position of Chief Executive Officer at Seplat Petroleum Development Company Plc, will soon be setting up a holding company for his vast…
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*Set fire on site In its fight against crude oil theft and other economic sabotage in the Niger Delta, the Defence Headquarters says the maritime component of Operation Delta Safe, has dismantled illegal diesel refining operations in…
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