Valuechain - Nigeria's foremost Online Energy News Platform

All is now set for the 3rd Valuechain Annual Lecture and Awards which will hold on Monday, 12 October, 2020 at Fraser Suites, Abuja. The theme of this year’s lecture is ‘The Role of Media in the Nigerian Petroleum Sector Reform and…
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The 3rd Valuechain Annual Public Lecture and Awards is upon us already. It holds this Monday at Fraser Suites, Abuja at 9:30AM; view the flier attached for more details.If you…
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Ajibola Akindele, GM Process Automation, Schneider Electric (West Africa)Schneider Electric, global specialist in energy management and digital transformation, has stated its readiness to reinforce capacity building initiatives in Nigeria…
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...Growth to shrink by 3.3%The World Bank has released its Africa Pulse Report 2020, advising oil producing countries in Africa to brace for at least $115 million in output losses this year, just as it predicted that real Gross…
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The federal government has commenced the conversion of official vehicles belonging to Ministries, Departments and Agencies (MDAs) from petrol to Compressed Natural Gas (CNG) in designated centres in Abuja.It said part of the move was…
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World oil demand will plateau in the late 2030s and by then begin to decline, the Organization of the Petroleum Exporting Countries (OPEC) said in its 2020 World Oil Outlook.OPEC said on Thursday that the plateau and subsequent decline…
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Nigeria’s President Muhammadu Buhari announced Oct. 8 in his 2021 budget proposal to parliament a lower output target and expected oil price benchmark for next year, as the OPEC member braces for reduced revenues from its key industry.…
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Gas is Nigeria’s new petrol, petroleum minister Timipre Sylva said of the oil-dependent nation’s attempt to diversify and overcome the crude oil price volatility that perennially afflicts its econ­omic growth.He said it way back in…
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The Senate yesterday denied ever dumping the Petroleum Industry Bill (PIB), saying it is committed to expeditious passage of the Bill and the N13.08 trillion 2021 budget estimates.Senate spokesman and chairman of its Committee on Media…
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Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have again threatened to disrupt oil and gas operations across the country if the federal government fails to pay their salaries…
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