Valuechain - Nigeria's foremost Online Energy News Platform

Here’s an easy fix to the ultra-low oil price; do what Iran has been promising to do for decades, block the Straits of Hormuz Suggested partly as dark humor there would be a delicious irony in delivering to Iran precisely what it has…
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President Muhammadu Buhari has declared that the federal government does not have $200 million to pay Sunrise Power Transmission Company of Nigeria Ltd (SPTCL) as final settlement claims over the Mambilla dispute, it is gathered. He was…
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Mohamed Salah has posted a video of himself working out at home as the Premier League said it hopes to resume training on 11 May and for matches to start during the second week of June. The pictures come after the Liverpool star donated…
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… As Vandalism of NNPC Pipelines Spikes Nigeria recorded crude oil and gas export sale of $434.85million in January, 2020, an increase of 94.30 per cent pitched against the December 2019 figures, the Nigerian National Petroleum…
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The Nigeria National Petroleum Corporation (NNPC) said it would continue oil production despite the fall in price. The explanation came on the heels of the speculation that Nigeria had halted the production of the commodity which prices…
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Nigeria: OPEC - Oil Prices Lost Two-Third of Value in First Quarter of 2020 The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that up to two-third of the value of oil prices were wiped out by the novel Covid-19 in…
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The slump in the U.S. crude oil futures below $0 per barrel is not a reflection of the reality in the global oil market capable of impacting Nigeria's oil production, the Group Managing Director of the Nigerian National Petroleum…
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A man in his 30s who works at the committee's headquarters had tested positive on Tuesday The Tokyo 2020 Olympics and Paralympics Organising Committee said on Wednesday a member of the organisation has tested positive for the new…
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Some OPEC ministers had a conference call on Tuesday to discuss the oil price rout and possible extra measures to support the market but it took place without the core Gulf nations, highlighting a growing split inside the organisation. …
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New wells don’t lose pressure when valves are closed: AMLOMexico’s spot price for Maya crude was negative on Monday With crude prices collapsing, Mexico’s president says his country will shut down new wells in a move that comes just…
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