Valuechain - Nigeria's foremost Online Energy News Platform

Despite the challenges of unprecedented oil crash, crippled refineries, unending hostilities in the oil producing communities, as well as unending litigation/dispute, abandoned capital projects, sub-optimal and very high production cost,…
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Oil-producing communities in Bayelsa have asked the Federal Government, Shell Petroleum Development Company (SPDC) and its Joint Ventures (JV), to disregard the purported 21-day ultimatum from a group in the area. The communities…
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Nigeria’s state oil company signed a preliminary agreement to end a dispute with two energy companies over oil exports, signaling a move toward resolving similar disagreements with other oil majors on revenue from several offshore oil…
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The minister of state for petroleum resources Timipre Sylva has said that more private and public sector collaboration will be encouraged as the country steps up effort to realise its target of boosting domestic gas utilisation. The…
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A Canadian judge has confirmed the seizure and grounding of a luxury private jet purchased by a former Nigerian oil minister, Dan Etete, with some of the alleged proceeds of the controversial $1.3 billion Malabu OPL245 oil deal. The…
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There are 29 shallow water fields among the 52 fields on offer in the ongoing Nigerian marginal field bid round, which wraps up on September 2, 2020. This represents 56% of the total. Compared with six offshore fields (or 25%) out of…
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The South West chapter of Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed all its members in the zone to increase the dispensing pump price of Premium Motor Spirit (PMS) otherwise known as petroleum from N143 to…
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...Led by Saudi Arabia Saudi Arabia, the Emirates, Kuwait, Bahrain, the Sultanate of Oman and Iraq have affirmed their full commitment to the agreement to reduce oil production between OPEC + countries. The energy and oil ministers…
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The Nigeria National Petroleum Corporation, China’s CNOOC Ltd and South Atlantic Petroleum signed a preliminary agreement to resolve a dispute over Oil Mining Lease 130, the West African state oil firm said on Thursday. NNPC said on its…
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The National Oil Spill Detection and Response Agency (NOSDRA) disclosed that the value of gas flared by oil and gas companies from January to June 2020 worth about $445.7m. NOSDRA stated that 222.8 billion standard cubic feet (bscf) of…
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