Valuechain - Nigeria's foremost Online Energy News Platform

The Director, DPR, Engr. Sarki Auwalu gave the facts and figures on Wednesday during an online interactive session with the media on topical issues in the oil and gas industry in Nigeria. Auwalu said the new figures represented a…
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The Federal High Court sitting in Lagos on Wednesday restrained the Federal Government from selling or accepting bids for eight Marginal Oil Fields (Oil Mining Licences) pending determination of a suit challenging their status. Justice…
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With a recent offer for its 57 marginal oil fields to investors after 17 years gathering momentum, the Federal Government, through the Department of Petroleum Resources (DPR) has said plans are underway to commercialise its 96 gas flare…
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*Remark at today's 133rd ECB videoconference In December 2019, Member-Countries – together with partners in the ‘Declaration of Cooperation’ – proactively adjusted production by 500,000 b/d to a then-record 1.7 mb/d, Muhammad Sanusi…
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The price of Brent crude surged on Wednesday to a near three-month high amid optimism among investors and oil traders that major oil producers will extend oil production cut, as global demand picks up. Brent crude gained about 1.49%, at…
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…Deploys Online Petroleum Products Procurement Solutions In line with the Transparency, Accountability and Performance Excellence (TAPE) agenda of the present Leadership of the Nigerian National Petroleum Corporation (NNPC), and the…
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The Management and Staff of the Department of Petroleum Resources (DPR) mourn with heavy heart the passing away of our beloved Colleague and former Director, Mr. Macaulay Ofurhie , which sad event occurred on Monday June 1 2020 in Lagos…
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The Nigerian Content Development and Monitoring Board (NCDMB) has waded into the dispute between the Nigeria Liquefied Natural Gas (NLNG) and a Nigerian company, Macobarb International.  It was gathered that the N970 million contractual…
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OPEC repeatedly attacked and threatened to ban its imports and the United States incurred billions of losses because of its "rocky" policies Anas bin Faisal Al-Hajji is an economist specializing in the energy field In terms…
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The Chairman of OPAC Modular Refinery, Mr. Momoh Oyarekhua, has urged the federal government to encourage local refining of the crude oil to reduce the cost of importing refined products. The 7,000 barrels per-stream-a-day capacity OPAC…
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