Valuechain - Nigeria's foremost Online Energy News Platform

Fred Ojiegbe (with APO Group) As global markets think of the post-Covid-19 world and how the pandemic will reshape business models worldwide, African countries are coming to terms with a bitter reality: the continent has still not…
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-By Gideon Osaka National oil companies (NOCs) globally are estimated to cut exploration budgets by 25 percent on average in 2020, says Wood Mackenzie, a Scotland, United Kingdom – based energy research and consultancy firm. The…
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-By Fred Ojiegbe As different countries of the world begin to ease lockdown, the global oil market is responding to the development with positive rise in prices of crude oil. In recent times, there was a recent drop in supply glut…
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-By Gideon Osaka The coronavirus pandemic, otherwise known as Covid-19, which has ravaged the world economy has continued to take its toll on oil production in Nigeria, as the country’s rig count dipped by five, having recorded 16 in…
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President Muhammadu Buhari has approved the reconstitution of the Board of the Nigerian National Petroleum Corporation (NNPC), after the expiration of the term of the board members appointed in 2016. A statement Saturday by the Special…
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The death has occurred last night (29th May, 2020), of Dr. Maikanti Kacalla Baru, the immediate past Group Managing Director of the NNPC. He died in an Abuja hospital after a brief illness. As at the time of filing this report,…
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Where justice is denied, where poverty is enforced, where ignorance prevails, and where anyone class is made to feel that society is an organised conspiracy to oppress, rob and degrade them, neither persons nor property will be safe…
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Saudi Arabia and some other OPEC oil producers are considering extending record high output cuts until the end of 2020 but have yet to win support from Russia, according to OPEC+ and Russian industry sources. The Organization of the…
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A British Virgin Islands-based firm allegedly paid more than US$390,000 in bribes to land a natural gas processing plant construction contract in 2009, Nigeria's Attorney-General said in a statement obtained by OCCRP and its Nigerian…
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As countries begin to lift months of lockdown caused by the COVID19 virus, Asian country, India is starting to import more crude oil from Nigeria. Indian oil firms took in about 5-6 million barrels of Nigerian crude last week and so…
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