Valuechain - Nigeria's foremost Online Energy News Platform

*Says world oil demand to decline by nearly 9.1 mb/d this year Analysts at the OPEC Secretariat expect a severe global economic downturn this year, with the economy contracting by 3.4% compared to global Gross Domestic Product, GDP…
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Timi Sylva with the Minister of Energy of Gabon ------------------------------------------------------------- *The event will gather stakeholders and investors to promote the development and expansion of Gabon’s energy sector as a…
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The Energy Year talks to Engr. Sarki Auwalu, director and CEO of Nigeria’s Department of Petroleum Resources (DPR), about how the country is strategically implementing OPEC-mandated production cuts and the unprecedented co-operation among…
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The families of Nigeria's U-23 ace, Taiwo Awoniyi will be full if thanks to Bundesliga referee Marco Fritz who immediately reacted and called the doctors for help after the Mainz05 striker suffered a concussion following head head…
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Nigeria has postponed its long-awaited Petroleum Industry Bill (PIB) due to the COVID-19 pandemic but will pass it before the end of the year, the head of state oil company NNPC said on Wednesday. The government was aiming to pass the…
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...Cost of debt servicing was 99% of total revenue in the first quarter of 2020 Almost all revenue is equal to the amount required to pay off the debt service obligationsFalling oil prices caused the budget deficit by 30%Oil represents…
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The crude oil production cut agreed by members of the Organisation of Petroleum Exporting Countries (OPEC) to rebalance the market could pose more challenge for Nigeria and other oil exporters, analysts at FSDH Merchant Bank have stated. …
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The Nigerian National Petroleum Corporation (NNPC) has published audited financial statements online in a bid to improve transparency around its operations. Bloomberg reported that the corporation has been criticised for years of…
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Apex group of stakeholders in Nigeria’s gas sector, the Nigerian Gas Association (NGA), has bemoaned the worsening debts profile of power sector in gas-to-power value chain, stating that this is already taking a toll on the industry’s…
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The Department of Petroleum Resources (DPR), Nigeria’s oil sector regulator, has released what it described as the strategic plan and policy for the survival and success of the industry post Covid-19. A statement by the organisation…
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