Valuechain - Nigeria's foremost Online Energy News Platform

The price of oil has risen above $45 a barrel, the first time it has reached that level since the coronavirus outbreak forced countries across Europe into lockdown. However, this rebound may prove to be short-lived, according to oil market…
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…SPDC working to eliminate spills from operational activities, remediate past spills and prevent spills caused by sabotage. …Company’s remediation practices compliant with the Environmental Guidelines and Standards for the Petroleum…
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One of Nigeria’s most eminent petroleum industry maestros, Mr. Austin Avuru, who just retired from the position of Chief Executive Officer at Seplat Petroleum Development Company Plc, will soon be setting up a holding company for his vast…
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*Set fire on site In its fight against crude oil theft and other economic sabotage in the Niger Delta, the Defence Headquarters says the maritime component of Operation Delta Safe, has dismantled illegal diesel refining operations in…
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Oil prices slipped just below five-month highs on Thursday, with support from a weak dollar .DXY and falling U.S. crude inventories undermined by bearish sentiment about fuel demand. Brent crude LCOc1 fell 7 cents to $45.10 a barrel by…
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Shell, Thursday, said Nigeria emerged the highest recipient of its social investment spending across the world in 2019, stating that its companies operating in Nigeria — Shell Petroleum Development Company (SPDC), Shell Nigeria Exploration…
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The devastating effects of the coronavirus have taken a terrific toll on many local and international firms with their financials dipping in the second quarter of this year. The huge drop in crude oil demand resulted in the…
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Ogoni oil-producing communities in Rivers State on Wednesday declared that any oil firm desirous of resuming exploration in the area must come to terms with the people before enjoying the freedom to operate whatever license secured from…
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A forum of business leaders from the Niger Delta region have appealed to the Inspector-General of Police (IGP) to unmask the identities of persons threatening the life of Chief Operating Officer, Upstream, Nigerian National Petroleum…
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LEKOIL has signed agreements for the development of the next phase of the Otakikpo marginal field. Further to the execution of a non-binding Memorandum of Understanding (MoU), the Otakikpo Joint Venture (JV) has executed agreements with…
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