Valuechain - Nigeria's foremost Online Energy News Platform

The Managing Director of MRS Oil Nigeria Plc, Mrs Priscilla Thorpe-Monclus, and Director, Mr Christopher Okorie have resigned appointment with Company, effective August 5, 2020. The Oil marketing giant, which confirmed the resignation…
Read More...

Nigeria, Africa’s biggest crude oil exporter, has officially devalued its currency, Naira, against the dollars. The country’s apex bank, Central Bank of Nigeria (CBN), which announced the devaluation of the official exchange rate for…
Read More...

Nigerians, weekend, engaged in panic buying of fuel, as Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, yesterday ordered full compliance as members of the Petroleum Tanker Drivers, PTD, in Lagos zone, today down tools to begin…
Read More...

The Nigerian National Petroleum Corporation (NNPC) remitted N161.8 billion to the Federation Account in May, the latest figures from the national oil company indicated at the weekend. The N161. 8 billion remitted by the corporation in…
Read More...

Crew members kidnapped in early July in a pirate attack on the BW Offshore-owned FPSO Sendje Berge have been released. The pirate attack happened on 2 July 2020 some 30 nautical miles southwest from Bonny Island, Nigeria. Nine…
Read More...

The federal government has said disclosed that the proposed construction of a shipyard in Brass Island, Bayelsa State for the maintenance and repair services of cargo vessels, oil tankers and Liquified Natural Gas (LNG) carriers, would…
Read More...

The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva, on February 10, 2920, launched the National Gas Transportation Network Code. It would he recalled that the launching which was done as part of the opening…
Read More...

From quiet skies over Europe to sparse traffic in America’s biggest cities, a recovery in global oil demand is faltering amid the resurgence in coronavirus. That poses a particularly delicate challenge for the OPEC cartel and its…
Read More...

The Nigerian National Petroleum Corporation (NNPC) has said that it raked in N92.58 billion from the sale of white (refined) products in the month of May, 2020. A statement by its Group General Manager, Dr. Kennie Obateru, the…
Read More...

After spending N101.65 billion as subsidy on Premium Motor Spirit (PMS), also known as petrol, in the first three months of 2020, the Nigerian National Petroleum Corporation (NNPC) recorded zero subsidy figures for April 2020. According…
Read More...