Valuechain - Nigeria's foremost Online Energy News Platform

The world’s five largest oil production companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and slashed production rates as the COVID-19 pandemic caused a drastic fall in fuel prices and…
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The increasing flow of the United States crude into Europe is threatening to displace the region’s traditional light, sweet crudes, forcing sellers of Nigerian and Mediterranean crudes to discount September-loading cargoes. S&P…
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Shell Petroleum Development Company (SPDC) has appealed the asset sale judgement against it. The company said it is very disappointed that the Rivers State High Court affirmed the enforcement of the purported sale of interests in SPDC’s…
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For the federal government, the expansion of investments around gas infrastructure is about targeting the country’s huge gas deposit to serve as stimulus to economic development: There seems to be a critical thinking around gas…
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…Budgets must downscale oil income Government should begin deemphasizing the role of petroleum resources in the funding the nation’s annual fiscal projections and instead apply the commodity in catalyzing domestic industrial activities…
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Amid the general gloom that the economy has suffered as a result of coronavirus pandemic, the volume of petrol imported into the country in May plummeted by 72.65 per cent, the latest data obtained from the Nigerian National Petroleum…
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From Baghdad and Algiers to Caracas, many of the world’s oil capitals are experiencing a summer of discontent. It could be a glimpse of their future. Iraq has seen fatal protests as its electricity grid buckles amid searing heat, while…
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The Nigeria National Petroleum Corporation (NNPC), has said that it has gained traction and reduced it’s JVC cash call debt from $5 billion in 2015 to $3 billion in five years.This NNPC attributed to the efficient business plan put in…
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Oil prices decreased today, Friday, but is on track to achieve gains for the second week in light of the growing confidence that demand for fuel began to rise despite the Corona virus pandemic that is wracking economies around the world. …
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The International Energy Agency, IEA, has warned that demand for oil will plummet by 8.1 million barrels per day (bpd) in 2020 due to reduced air travel occasioned by the Coronavirus (COVID-19) pandemic. This is expected to further depress…
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