Valuechain - Nigeria's foremost Online Energy News Platform

The number of electric cars on the road is expected to reach almost 10 million this year, as sales grow this year despite the Covid-19 pandemic, according to a new report by International Energy Agency. Electric car sales are expected…
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...During its meeting tomorrow, Thursday The Russian "TAS" agency quoted two informed sources as saying that the OPEC + Ministerial Monitoring Committee, which is scheduled to hold a meeting tomorrow, may consider extending the cuts…
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For the third day in a row, oil prices declined with the opening of Asian markets, but they rose later in the past two days. Will this happen today as well? Oil prices fell by about 2% Wednesday morning, where Brent crude fell by 63…
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*Initiatives are being embarked on by the Nigerian National Petroleum Corporation to achieve profitability and cushion the effect of crude oil volatility This is not the best of time for economies and business entities. The effects of…
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The continued delay in the reform of the Nigerian Petroleum Industry has resulted in the loss of not less than $20billion in direct investments annually, Nigeria Natural Resource Charter (NNRC) has disclosed. This was part of the…
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Dr. Yury Sentyurin, the Secretary-General of Gas Exporting Countries Forum (GECF), has said that as most economies around the world are easing their COVID-19 measures and reopening production facilities, the fall in global demand for gas…
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The Nigeria Extractive Industries Transparency Initiative (NEITI) has described as laudable, the decision of the Nigeria National Petroleum Corporation (NNPC) to make public its audited accounts for the first time in its history with the…
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The Ministerial Council of African Petroleum Producers’ Organization, APPO, concluded its 38th Session on Monday, 15th June, 2020 with far reaching decisions on the future of the Organization. The Ministerial Council approved the…
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The Nigerian Navy Ship Delta has discovered a newly-constructed illegal refining site around Bennett Island in Warri South LGA of Delta State. Military spokesman, Major General John Enenche, who disclosed this in a statement on Monday,…
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•Insist on overhaul amid N154 billion losses in refineries In its first-ever audited report, the Nigerian National Petroleum Corporation (NNPC), revealed that it posted over N1.01 trillion profit from its venture marketing subsidiary,…
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