Valuechain - Nigeria's foremost Online Energy News Platform

Nigeria’s President Muhammadu Buhari announced Oct. 8 in his 2021 budget proposal to parliament a lower output target and expected oil price benchmark for next year, as the OPEC member braces for reduced revenues from its key industry. …
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Gas is Nigeria’s new petrol, petroleum minister Timipre Sylva said of the oil-dependent nation’s attempt to diversify and overcome the crude oil price volatility that perennially afflicts its econ­omic growth. He said it way back in…
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The Senate yesterday denied ever dumping the Petroleum Industry Bill (PIB), saying it is committed to expeditious passage of the Bill and the N13.08 trillion 2021 budget estimates. Senate spokesman and chairman of its Committee on Media…
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Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have again threatened to disrupt oil and gas operations across the country if the federal government fails to pay their salaries…
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…Says Corporation’s Pipelines No Where Near Location of Incident The Nigerian National Petroleum Corporation has commiserated with the Government and people of Lagos State, and particularly the residents of Baruwa area, on the gas plant…
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The Chairman, International Energy Service Limited, Dr Duran Fawibe  has said the decision of federal government to remove subsidy on petrol is a welcome development, calling it a courageous decision. President Muhammadu Buhari …
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*The reform is long overdue Time in Nigeria sometimes seems to follow its own rhythm. When the government introduced petrol subsidies they were meant to last just six months. Some four decades later, they endure. Africa’s biggest oil…
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No fewer than five persons have been confirmed dead in the gas explosion that occurred at Baruwa, Alimosho area of Lagos on Thursday. The gas tanker explosion occurred at 5:40 a.m. when a LPG tanker was discharging at the Best Roof…
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The Nigeria Federal Government has ones again recorded a major win in an oil case, following its win in the P&ID case. In this case, the International Centre for Settlement of Investment Dispute in the United States ordered…
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Angered by the questionable manner members were included in the Integrated Payroll and Personnel Management System (IPPIS) of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), some branch members have proceeded…
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