Valuechain - Nigeria's foremost Online Energy News Platform

After oil was discovered in 1956 at Oloibiri in Bayelsa state, the oil industry has been the prerogative of the International Oil Companies (IOCs) operating in Nigeria. They dictate the pace of the country’s oil industry for decades. …
Read More...

…Aspiration of reserves is 40million barrels while gas will be 220 trillion cubic feet by 2030 …Objectives to grow reserves by investors, increase production, technical capability …Key principle is for indigenous participation,…
Read More...

The Minister of Power, Sale Mamman, has directed contractors handling power projects across the country to return to sites as COVID-19 lockdown by the federal government is being relaxed gradually. Aaron Artimas, Special Adviser, Media…
Read More...

Nigeria could only collect about half of its budgeted revenues in the first five months of this year as low oil prices and output took a toll on government income. Total earnings by the government from January to May were 1.48 trillion…
Read More...

Saudi Oil Minister Prince Abdulaziz bin Salman likes the idea of OPEC+ acting as the central bank of oil. And he expresses admiration for Alan Greenspan, former chairman of the U.S. Federal Reserve. The challenge now confronting the oil…
Read More...

Minister of State for Petroleum Resources, Chief Timipre Sylva, Thursday, blamed fuel subsidy and non-deregulation of the downstream petroleum sector for the low refining capacity in the country, noting that subsidy made it impossible for…
Read More...

The Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) has approved the expansion of the Nigerian Content Intervention Fund from US$200 million to US$350 million. The enlargement of the Fund by US$150…
Read More...

Non-compliance by some Organisation of Petroleum Countries (OPEC) members, such as Nigeria, has raised concern of an oil price war, market-watchers warned at the weekend. One of the analysts, Director School of Energy Economics, Policy…
Read More...

*Football great also led Ireland to first major finals at 1988 European Championship and 1990 World Cup quarter-finals Jack Charlton, a football World Cup winner with England who became the darling of Ireland after leading their…
Read More...

Congratulatory messages from stakeholders keep pouring in as The Valuechain Magazine marks its second year of hitting the news-stand. So far, all the accolades received have been so wonderful and encouraging. The management and members…
Read More...