Valuechain - Nigeria's foremost Online Energy News Platform

After what happened with oil prices on Monday, there was only one direction they could go, and that's up. That's exactly what happened, as prices bounced back this morning. West Texas Intermediate crude for April delivery CL.1, +2.57%…
Read More...

Minister of state for petroleum resources, Timipre Sylva, has said that the Organization of Petroleum Exporting Countries OPEC and non-OPEC states might need to meet again to reconsider production cuts. Sylva who spoke on Monday,…
Read More...

Blue Seal Group, an indigenous energy firm has laid a multi-million dollar foundation for local production of chemicals that will be used to advance petroleum products production across the downstream value chain and enhance production…
Read More...

The Federal Government has constituted a 5-man Committee to review and possibly reduce the 2020 budget estimates which stands at N10. 6 trillion. The move may have become necessary, following the outbreak of Coronavirus in Nigeria, the…
Read More...

Oil marketers under the aegis of the Major Oil Marketers Association of Nigeria have said access to the dollar at N306 will enable them to resume importation of Premium Motor Spirit (petrol). The marketers also said there was an urgent…
Read More...

For 20 years, the Nigeria Oil & Gas Conference & Exhibition has provided a platform for Presidents, Ministers, Heads of Government Agencies and CEOs to discuss plans for policy, upcoming projects and solutions to current challenges…
Read More...

President Muhammadu Buhari has approved 65 radio FM and digital television licenses across various sectors in the country. Top amongst the beneficiaries were the Nigeria Police Force and the Nigeria Security and Civil Defence Corp who…
Read More...

Crashing crude oil prices on Monday forced an emergency meeting of key revenue agencies to review the impact on the Nigerian economy. The meeting, ongoing in the Federal Ministry of Finance headquarters in Abuja, was convened by the…
Read More...

The Dangote Subsea Gas Pipeline Project is expected to unlock significant gas supply for industrial activities and considerably reduce flaring in Nigeria. The pipeline project is part of Dangote’s multi-billion dollars’ gas pipeline,…
Read More...

The international oil benchmark, Brent crude, which stood at $45.72 per barrel on Sunday, has slumped to $33 per barrel. Oil prices suffered an historic collapse overnight after Saudi Arabia shocked the market by launching a price war…
Read More...