Valuechain - Nigeria's foremost Online Energy News Platform

Nigeria has for two months now continued to experience rise in oil production as its rig count moved up by two, having recorded 10 in September, as against eight recorded in August. Earlier in July, the rig count stood at six, data from…
Read More...

The total net value of the NNPC’s oil and non-oil assets appreciated by 18.5 per cent to N4.67 trillion in 2019, from N3.94 trillion recorded in its 2018 financial year. In the financial statement, the NNPC put the cost of the assets as…
Read More...

The Nigerian National Petroleum Corporation (NNPC) has revelaed that the queues at several filling stations was not caused by fuel scarcity. Fuel consumers had to queue to buy fuel in Abuja on Monday evening and Tuesday morning. This…
Read More...

The Department of Petroleum Resources (DPR) has said that the 5,000 barrels per day (bpd) Waltersmith modular refinery project is fully ready for operations. The Director of DPR, Sarki Auwalu, who stated this during a pre-commissioning…
Read More...

Justice Derefaka, the Technical Adviser, Gas Business & Policy Implementation, to Minister of State, Petroleum Resources, in this interview with MOHAMMED SHOSANYA, gives highlights on how Nigeria’s Autogas policy and other initiatives…
Read More...

The Nigerian National Petroleum corporation (NNPC) has cautioned motorists not to engage in panic buying of Premium Motor Spirit (PMS) also known as petrol, assuring of normalcy in the supply of petroleum products. Dr Kennie Obateru,…
Read More...

The Department of Petroleum Resources (DPR) has said that it is pleased to acknowledge the superior performance of the "Nigerian Oil & Gas Industry in managing the COVID-19 pandemic in our areas of operations which, from our records,…
Read More...

There is every indication that the OPEC+ production cut target might be extended a little far into the coming year according to the Russian President, Vladimir Putin. This is even as Nigeria is struggling to meet her current quota target. …
Read More...

The Organization of Petroleum Exporting Countries, OPEC, has forecasted that global oil demand will plateau in the late 2030s and could by then have begun to decline. The OPEC gave the indication in a major shift for the producer group…
Read More...

The Federal Ministry of Petroleum Resources has employed the services of Franklin Wyatt, a litigation settlement specialist, to take part in the talks with Eni S.p.A in a long-running dispute over oil rights and bribery allegations. …
Read More...