Valuechain - Nigeria's foremost Online Energy News Platform

President Muhammadu Buhari on Monday for the first time personally defended the recent hike in price of premium motor spirit (PMS) popularly known as petrol and electricity tariff. President Buhari spoke on the decisions which had…
Read More...

Agusto & Co, an indigenous African credit rating agency is forecasting a revenue fall of about N4.3 trillion by oil marketers in Nigeria due to the economic impact of coronavirus pandemic on fuel consumption. “The consumption of…
Read More...

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has dismissed a report that it spilled 45,000 barrels of oil from an incident at its facility in Nun River, Angiama area of Bayelsa State in March 2020. In a statement…
Read More...

Timipre Sylva, the Nigerian Minister of State for Petroleum Resources, says that the timeline for the delivery of the Petroleum Industry Bill (PIB) is out his control. “Timeline is always a difficult question because this is something…
Read More...

In a time when there is a need for diversification in order to reduce our overdependence of oil, Mr. Abdulrasaq Isa is taking the bull by the horns by building a massive oil refinery in Imo state. According to him, the company…
Read More...

...begins full deregulation of oil sector The Federal Government says it would no longer provide a price band at which marketers will sell Premium Motor Spirit, popularly called petrol. According to Saidu, the downstream arm of the…
Read More...

International Oil Companies (IOCs) and their local counterparts have burnt $787.7 million worth of Nigerian gas from different oilfields in the country’s Niger Delta. Through Gas flaring in Nigeria’s oil fields, the companies burnt…
Read More...

•Exits price fixing, adds gas to Nigeria’s gasoline mix It is no longer news that the Federal Government has finally yielded to pressures from fuel marketers to fully deregulate the downstream sector of the nation’s oil and gas industry…
Read More...

…Threatens Legal Action Against Online Publication The Nigerian National Petroleum Corporation (NNPC) has dismissed, in its entirety, the allegation that the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project was inflated to the tune of…
Read More...

The Nigerian Content Development and Monitoring Board (NCDMB) has partnered the Industrial Training Fund (ITF) to train 255 Nigerian youths in nine vocational skills. The Board in a statement said the six months training programme,…
Read More...