Valuechain - Nigeria's foremost Online Energy News Platform

With Nigeria’s oil industry incurring about 7.4 per cent of the national budget in personnel and overhead costs, alongside others like logistics, direct handling and lifting of crude, operators may have to do more to achieve the $10 per…
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Oil companies have asked security services to tighten surveillance as violent anti-police brutality protests and the expected sacking of hundreds of workers worsen desperation in the region, industry sources told Reuters.Already…
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The Nigerian National Petroleum Corporation (NNPC) yesterday projected global losses from exploration and production activities due to slowing demand for crude oil amid the COVID-19 pandemic will hit about $1 trillion by the end of 2020. …
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The Speaker of the House of Representatives, Femi Gbajabiamila, has expressed determination to pass the Petroleum Industry Bill (PIB) within six months.Mr Gbajabiamila said this when he played host to a delegation of the Oil Producers…
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A major gas project set to transform the nation’s energy infrastructure is underway in Imo State. ANOH Gas Processing Company (“AGPC”) is building the $700m ANOH gas plant.The project, ANOH gas plant facility, is sited at Asaa,…
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…To partner FUPRE on modular refinery projectNational President of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Elder Chinedu Okoronkwo, Tuesday, disclosed that oil marketing companies were in talks…
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Nigeria’s energy sector is about to receive a major boost from huge investment decisions from China, which is eyeing key exploration operations in the oil and gas sector in Africa.According to a Modern Diplomacy report, China has a…
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The Minister of State, Petroleum Resources, Timipre Sylva, on Monday, said Nigeria has cut its crude oil production level from over 2 million barrels a day to 1.4m barrels in compliance with the quota endorsed by the Organisation of…
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Vice-President Yemi Osinbajo said in Lagos on Tuesday that the fiscal provisions for gas business in the Petroleum Industry Bill (PIB) would  be one of the most attractive in Africa.The News Agency of Nigeria (NAN) reports that…
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Nigeria’s delegation to Tuesday’s 2022 AFCON qualifying match against Sierra Leone arrived in Freetown on Monday afternoon aboard a chartered flight that flew the team from Benin City, and after a 30-minute ferry ride on the Atlantic from…
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