Valuechain - Nigeria's foremost Online Energy News Platform

Oil prices fell on Wednesday as the United States government data showed a surprise rise in the country’s crude inventories, and as tensions escalated between the US and China. The international oil benchmark, Brent crude, fell 55…
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With glut in the Liquefied Natural Gas (LNG) sector, a new report from the Oxford Institute for Energy Studies (OIES), has stated that the margin for exporting the product remains negative, and could remain so for the duration of 2020. …
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Eni considers that the Public Prosecutor’s requests for conviction of the Company, its former and current CEOs and the managers involved in the OPL245 proceeding are completely groundless. During its indictment, in the absence of any…
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Auwalu Sarki, Director, Department of Petroleum Resources (DPR) has enjoined lubricant producers in the country to look beyond the shores of Nigeria and target the export market in the distribution of their products. A statement signed…
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Schneider Electric (SE) Foundation has created a fund to combat the economic hardship facing rural and disadvantaged communities Nigeria. This will focus on the basic needs, specifically meals for underprivileged children and communities…
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Rocky Mountain Institute (RMI), Ibadan Electricity Distribution Company (IBEDC), and Nayo Tropical Technology (Nayo Tech) have partnered to bring Nigeria’s first rural commercial undergrid minigrid online. John Ayodele, Chief Operating…
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The progress of the 3,050 megawatts Mambilla Hydropower Plant has again been hampered by the issue of compensation payment by the Federal Government to land owners where the power plant is located. Orient Energy Review gathered that…
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Oil and gas companies Total and ExxonMobil have idled workers at the troubled Papua New Guinea LNG expansion project due to the COVID-19 pandemic, project partner Oil Search said in its earnings statement. The gas project which is…
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Aiteo Eastern Exploration and Production is in debt restructuring talks with its lenders, group managing director Victor Okoronkwo tells The Africa Report. All parameters of the company’s debt are under consideration as part of the…
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Nigeria has started the export of 950,000 metric tones of the Liquefied Natural Gas (LNG), worth N354 billion to the global market. According to the Nigerian Port Authority, NPA’s shipping data; the product was exported through the use…
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