Valuechain - Nigeria's foremost Online Energy News Platform

Oil prices slipped just below five-month highs on Thursday, with support from a weak dollar .DXY and falling U.S. crude inventories undermined by bearish sentiment about fuel demand. Brent crude LCOc1 fell 7 cents to $45.10 a barrel by…
Read More...

Shell, Thursday, said Nigeria emerged the highest recipient of its social investment spending across the world in 2019, stating that its companies operating in Nigeria — Shell Petroleum Development Company (SPDC), Shell Nigeria Exploration…
Read More...

The devastating effects of the coronavirus have taken a terrific toll on many local and international firms with their financials dipping in the second quarter of this year. The huge drop in crude oil demand resulted in the…
Read More...

Ogoni oil-producing communities in Rivers State on Wednesday declared that any oil firm desirous of resuming exploration in the area must come to terms with the people before enjoying the freedom to operate whatever license secured from…
Read More...

A forum of business leaders from the Niger Delta region have appealed to the Inspector-General of Police (IGP) to unmask the identities of persons threatening the life of Chief Operating Officer, Upstream, Nigerian National Petroleum…
Read More...

LEKOIL has signed agreements for the development of the next phase of the Otakikpo marginal field. Further to the execution of a non-binding Memorandum of Understanding (MoU), the Otakikpo Joint Venture (JV) has executed agreements with…
Read More...

Fuel queues returned to major parts of Lagos metropolis and the Federal Capital Territory yesterday, following announcement of an increase in the ex-depot price of petrol. Majority of the filling station visited by Daily Sun yesterday…
Read More...

The Managing Director of Petrocam Trading Nigeria Limited, Mr. Patrick Ilo, is optimistic that the future of global oil and gas industry is bright. Notwithstanding the COVID-19 pandemic, he is optimistic of a boost in the demand and…
Read More...

Oilserv Group, an oil and gas company in Nigeria has partnered with Innoson Vehicle Motors (IVM) company with the aim of supporting local production of vehicles to be used in the oil and gas operations. The Chairman/ Group CEO of…
Read More...

At least one part of the oil industry should be happy about OPEC+’s easing of production cuts beginning this month, and this part is refiners who have been forced to boost their intake of high-sulfur fuel oil to replace heavy crude their…
Read More...