Valuechain - Nigeria's foremost Online Energy News Platform

Entries have been invited from talented project owners from Africa for the 4th Africa Energy Generation Prize. The competition is open to all young people, residing in Africa and having an idea of ​​a project or an existing project in…
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The G20 countries has announced the commitment of at least $267.1 billion to support different energy types through new or amended policies since the beginning of the pandemic, as of July 15, according to a report by …
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African Energy Chamber has appointed a US-Africa Committee to serve on its advisory board and support the development of stronger energy cooperation and investment between the United States and Africa. Members of the US-Africa Committee…
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The Organisation of Petroleum Exporting Countries (OPEC) and allies made real their promise to taper record supply curbs from August after its meeting, as oil prices eased on Thursday, but Reuters said the drop was cushioned by hopes for a…
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Power distribution companies (Discos) in Nigeria have declared that the Meter Asset Provider (MAP) scheme has met significant challenges, including lack of financing and increased import duty on meters, and as such they would need the…
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OPEC may have to play its market-rebalancing act longer than initially intended as it is afraid that a second coronavirus wave would slow oil demand recovery, Reuters reported on Thursday, quoting internal OPEC research it had seen. …
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The Department of Petroleum Resources (DPR) and some communities in the Niger Delta have differed over the planned auction of the 57 marginal oil bid round billed to kick off in the country later in the year. Niger Delta communities…
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Brent crude fell 27 cents, or 0.6 per cent, to $43.52 a barrel by 0439 GMT, and U.S. West Texas Intermediate (WTI) crude dropped 32 cents, or 0.8 per cent, to $40.88 a barrel. They rose two per cent the previous day, helped by the U.S.…
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The Joint Ministerial Monitoring Committee (JMMC) of the Organization of Petroleum Exporting Countries (OPEC) and its non-OPEC allies, jointly called OPEC+, Thursday, disclosed that conformity to the production cut deal by participating…
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*The company will be responsible for the detailed engineering and design of the inside battery limits (ISBL) modular refinery A US-based EPC company McDermott International has secured an engineering and procurement contract from Azikel…
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