Valuechain - Nigeria's foremost Online Energy News Platform

The Director, Department of Petroleum Resources (DPR), Sarki Auwalu, in this interview with Nigerian Tribune, speaks on the current volatility in the global oil market and efforts of the federal government to ensure Nigeria’s oil and gas…
Read More...

For the first time in many years, the Organisation of Petroleum Exporting Countries, OPEC, has confirmed Nigeria’s ability to cut its output from 1.7 million barrels per day, mb/d in May to 1.4mb/d in June 2020. In its July Oil Market…
Read More...

The management of AYM Shafa Limited has congratulated the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kolo Kyari and his management on his one year in office. The company said, Kyari…
Read More...

Airborne Oil & Gas on Tuesday announced that ExxonMobil Upstream Integrated Solutions Company (ExxonMobil) has qualified its thermoplastic composite pipe (TCP) product for applications globally.   Airborne Oil & Gas in a…
Read More...

Hearing continued today, and a judge’s ruling was due to determine whether the Nigeria’s government can continue its appeal and present its full case of alleged fraud in the $10 billion, P&ID judgment against Nigeria in UK in 2017. …
Read More...

Nigerian National Petroleum Corporation (NNPC) has revealed that the controversial petrol subsidy took over N101 billion from the country’s coffers in the first three months of 2020. CBN Monthly Financial and Operations for March 2020,…
Read More...

There is unease in the global oil circuit as OPEC Joint Ministerial Monitoring Committee (JMMC) warm up for a talk, today and tomorrow where lower levels for future output cuts might be proposed. Reuters reported yesterday that oil prices…
Read More...

Saudi Arabia commended Iraq for implementing almost all its pledged oil-production cuts and Nigeria told the kingdom it was committed to hitting its target, in further signs that disputes among OPEC+ members over cheating of quotas are…
Read More...

A move by the African Refiners and Distributors Association (ARA), and the African Union (AU), to ensure common standard for the importation and refining of petroleum products on the continent remains critical to trade, environment and the…
Read More...

There was no slow-down in crude oil production on the facilities controlled by over 20 Nigerian independents in April 2020, even as fall in demand remained the status quo and crude oil cargoes were chasing buyers. Seplat produced over…
Read More...