Valuechain - Nigeria's foremost Online Energy News Platform

The Nigerian National Petroleum Corporation (NNPC) and First Exploration and Petroleum Development Company has commenced oil production from Anyala Field located in Oil Mining Leases (OMLs) 83/85.This was disclosed by NNPC via its…
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Coronavirus vaccines are expected to boost international passenger transportation and oil consumption, but the first significant impact will not be felt until well into the second half of 2021, based on futures price movements on Monday. …
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Nigeria earned N2.405 trillion from the oil and gas sector in the first six months of 2020 and N2.92 trillion in 2019, totalling N5.32 trillion in one and half years, from January 2019 to June 2020.The N2.405 trillion in the first six…
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Barely 24 hours after the members of the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) and the National Union of Petroleum and Natural Gas workers (NUPENG) declared a nationwide strike, the Nigerian National Petroleum…
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Royal Dutch Shell will halve crude processing capacity and cut jobs at its Pulau Bukom oil refinery in Singapore as part of an overhaul to reduce its carbon emissions.The refinery on Pulau Bukom, a small island in the Southeast Asian…
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…Over 2.9 Billion Litres of Petrol Available for YuletideThe Nigerian National Petroleum Corporation (NNPC) on Tuesday dismissed mounting insinuation of possible scarcity of petroleum products following ongoing disagreement between the…
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Apparently fulfilled by the results of its fuel and gas supply strategies, the Nigerian Independent Marketing Company (NIPCO) has disclosed its hydrocarbon products storage and distribution facilities, coupled with hundreds of service…
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Oil surged about 8% on Monday, its biggest daily gain in more five months, after Pfizer announced promising results for its COVID-19 vaccine.Brent crude LCOc1 settled at $42.40 a barrel, up $2.95, or 7.48%, while U.S. West Texas…
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The Cluster Management Committee/President Generals Forum of Oil Mining Lease (OML) 30 in Delta State, has shut down operations of Heritage Energy Operational Services Ltd (HEOSL), operators of OML 30.The committee made this known in a…
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The Nigeria Liquefied Natural Gas (NLNG) Limited, a joint venture between Nigerian National Petroleum Corporation (NNPC), Shell Gas, Total and Eni has called for the debottlenecking of the country’s gas value chain in order to drive…
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