Valuechain - Nigeria's foremost Online Energy News Platform

The Department of Petroleum Resources (DPR) and some communities in the Niger Delta have differed over the planned auction of the 57 marginal oil bid round billed to kick off in the country later in the year. Niger Delta communities…
Read More...

Brent crude fell 27 cents, or 0.6 per cent, to $43.52 a barrel by 0439 GMT, and U.S. West Texas Intermediate (WTI) crude dropped 32 cents, or 0.8 per cent, to $40.88 a barrel. They rose two per cent the previous day, helped by the U.S.…
Read More...

The Joint Ministerial Monitoring Committee (JMMC) of the Organization of Petroleum Exporting Countries (OPEC) and its non-OPEC allies, jointly called OPEC+, Thursday, disclosed that conformity to the production cut deal by participating…
Read More...

*The company will be responsible for the detailed engineering and design of the inside battery limits (ISBL) modular refinery A US-based EPC company McDermott International has secured an engineering and procurement contract from Azikel…
Read More...

The Nigerian National Petroleum Corporation (NNPC) has advised against a swift relocation of tank farms from their current locations along Ijegun, Kirikiri areas in Lagos and other parts of the country in order to avoid a dislocation in…
Read More...

The 20th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference today, Wednesday, 15 July 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and…
Read More...

The International Olympic Committee (IOC) remains fully committed to staging the Olympic Games in Tokyo in 2021 and is considering multiple scenarios for them to take place safely, IOC president Thomas Bach said on Wednesday. Japan and…
Read More...

Today, Wednesday, a joint ministerial committee oversees production for OPEC + member states to give a recommendation on production policy, starting in August. The Organization of the Petroleum Exporting Countries (OPEC) and its allies,…
Read More...

After a two-day virtual court hearing, a judge of the High Court of the United Kingdom, Sir Ross Cranston, has reserved judgement telling lawyers that he would take time to study their submissions and give a ruling at a later date on the…
Read More...

The Organisation of Petroleum Exporting Countries (OPEC) has declared that the World appetite for crude oil would hit 97.72 million barrels daily starting from the next five months. The demand for its crude oil too, the cartel said in a…
Read More...