Valuechain - Nigeria's foremost Online Energy News Platform

NNPC & Sterling Global have signed off on agreements for monetization of Oil Mining Lease (OML) 143. This latest development will help increase NNPC's footprints in the downstream gas market and a potential revenue of $500-600m to…
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The Nigerian National Petroleum Corporation in a bid to unlock the over $500m revenue gas market, has entered into collaboration with Sterling Oil Exploration and Energy Production Company Limited.The agreement was sealed on Friday at…
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In order to achieve the target of reducing the cost of oil production in Nigeria on a sustainable basis, the Nigerian National Petroleum Corporation, NNPC says indigenous companies operating in the nation’s oil and gas industry must…
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Nigeria LNG (NLNG) has selected Siemens Energy to provide a cryogenic boil-off gas (BOG) compression train for its Bonny Island liquefaction plant in Finima, Nigeria, Siemens reported Wednesday.“With more than 20 years of safe and…
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Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government is committed to ensuring the elimination of gas flaring from Nigeria’s oil and gas fields within the next three years.Sylva said that the move…
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The Nigerian National Petroleum Corporation (NNPC) has disclosed that between July 2019 and July 2020, Nigeria flared more gas than it supplied to its domestic industries, averaging about 600.38 million standard feet per day (mmscf/d).…
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A loud explosion shook the Ajuwon, in the Iju area of Lagos shortly before 3:30 this afternoon as thick smoke billowed into the sky. The residents are currently in distress after a gas explosion rocked the area.News…
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The pressure is back on Nigeria’s legislative chamber as Reuters is reporting president Muhammadu Buhari has signed the long-awaited Petroleum Industry Governance Bill (PIGB) which will be presented in the Senate as early as next…
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To address concerns around the economic impact of hike in the price of petrol, the Federal Government is intensifying efforts at making alternative fuel source available, assuring that over 1 million vehicle conversion kits would be…
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…As Waltersmith, NCDMB invest in refineryBuoyed by the need to ensure that Nigeria attains self sufficiency in its energy needs, Waltersmith Refining and Petrochemical Company will in the next two weeks add 271 million litres to…
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