Valuechain - Nigeria's foremost Online Energy News Platform

*UK group to shed 15% of workforce as Covid-19 accelerates broad strategic shift BP plans to cut 10,000 jobs as coronavirus hits the company’s finances and accelerates a strategy shift under the new chief executive to transform the UK…
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The Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+, has said it expects global oil demand to contract by around nine million barrels per day (b/d) for the whole of 2020. At a ministerial meeting of members…
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Oil prices climbed on Monday after OPEC+ agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in May. Brent crude was up 51 cents, or 1.2 per cent, at $42.81 per barrel, by…
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Accugas Ltd, the gas supplier to the Calabar Generation Company Limited, has issued the dreaded “notice of non-payment” to the Nigerian government over outstanding invoices to the tune of $15.8 million, TheCable can report. This is the…
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The Petroleum Product Price Regulations Agency (PPPRA) on Sunday gave clarifications on the recently published market-based pricing regime regulations, 2020, on Premium Motor Spirit (PMS), otherwise known as fuel, stating that it…
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French oil and gas firm, Total’s Egina will bear the largest burden of cuts as Nigeria races to achieve full compliance with the new OPEC+ cuts deal, SweetcrudeReports has learnt. The new field, Egina will shoulder around 40 percent…
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The facility is one of the 12 hospitals which the corporation intends to construct across the six geo-political zones in the country. In line with the earlier announced decision to diversify into the medical sector, Nigerian National…
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•Insists $10 Per Barrel Production Cost Feasible The Nigerian National Petroleum Corporation (NNPC) yesterday said there is a prevalence of adulterated Automotive Gas Oil (AGO), otherwise called diesel, across the country. Raising an…
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Companies, including their promoters, indebted to the Federal Government will not be allowed to participate in the newly launched bid round for marginal oilfields, the Department of Petroleum Resources (DPR) has said. The DPR, in a…
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The oil market collapse caused by the Covid-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in the offshore sector on a continued downwards trajectory through 2022. In light of…
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