Valuechain - Nigeria's foremost Online Energy News Platform

Nigeria, others submit production compensation plans to OPECUK S/Court hears N/Delta communities’ case against Shell The rising number of COVID-19 cases among workers at Nigeria’s offshore oilfields and platforms is a growing threat to…
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...Credits organisation’s response in helping prices recover After suffering historic price drops in the first half of 2020, oil markets are now well onto the path of recovery for the second half of the year according to Opec secretary…
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...To tackle weakened oil demand, OPEC and its major allies agreed to a record supply cut Brent crude plunged on Thursday, keeping the bearish momentum. It has expanded losses of more than 5% recorded in the last trading session,…
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*4-billion dose vaccine push *An influential foundation focused on preparation and response to epidemics that is backing nine potential coronavirus vaccines has identified manufacturers with capacity to produce four billion doses a…
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Justice Ahmed Mohammed of the Federal High Court, Abuja, on Wednesday, declined to stop further proceedings in the trial of a former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, over…
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The Federal Executive Council (FEC), on Wednesday, approved various civil works worth above 137 billion across the six geopolitical zones of the country. Addressing State House Correspondents, Ministers of Works and Housing, and his…
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The Economic Financial Crimes Commission, EFCC, has said that illegal oil bunkering activities was capable of crippling the country’s economy, if left unchecked. South South Zonal Head of EFCC, Usman Imam, said this while receiving four…
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Global natural gas output is set to fall by 2.6 per cent this year because of the impact of the COVID-19 pandemic, after previously being expected to grow, consultancy Rystad Energy said on Tuesday. Rystad Energy had expected total…
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Deutsche Bank Luxembourg S.A. has completed a landmark US$3 billion Export Credit Agency (ECA)-backed hybrid corporate financing for Nigeria LNG Limited (NLNG) to develop the NLNG Train-7 Project, Global Legal Chronicle reported on…
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Industry players have expressed concerns about the transparency and credibility of the 2020 marginal fields’ bid round process being handled by the Department of Petroleum Resources (DPR), Nigeria’s oil and gas regulatory agency. It was…
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