Valuechain - Nigeria's foremost Online Energy News Platform

Nigeria expects to have all complete bids for marginal oilfields within 10 weeks, the director of the Department of Petroleum Resources (DPR) said on Wednesday. On Monday, Nigeria launched its first bidding round for marginal fields –…
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Nigeria’s efforts to cut its flared gas have been delayed by at least 6 weeks due to the new coronavirus outbreak, the petroleum regulator said on Wednesday. The West African country is trying to commercialize the gas that is currently…
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The current low crude oil prices present an opportunity for commodities-dependent economies like Nigeria to review their energy pricing policies as they look forward to the post-COVIC-19 pandemic era, the World Bank has said. The Bank…
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Some traders hoped a couple of Indian oil tenders could mop up oil to reduce a significant glut of Nigerian oil while European demand for West African grades remains nearly nil amid sluggish refining activity. India’s IOC has two buy…
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The Director, DPR, Engr. Sarki Auwalu gave the facts and figures on Wednesday during an online interactive session with the media on topical issues in the oil and gas industry in Nigeria. Auwalu said the new figures represented a…
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The Federal High Court sitting in Lagos on Wednesday restrained the Federal Government from selling or accepting bids for eight Marginal Oil Fields (Oil Mining Licences) pending determination of a suit challenging their status. Justice…
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With a recent offer for its 57 marginal oil fields to investors after 17 years gathering momentum, the Federal Government, through the Department of Petroleum Resources (DPR) has said plans are underway to commercialise its 96 gas flare…
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*Remark at today's 133rd ECB videoconference In December 2019, Member-Countries – together with partners in the ‘Declaration of Cooperation’ – proactively adjusted production by 500,000 b/d to a then-record 1.7 mb/d, Muhammad Sanusi…
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The price of Brent crude surged on Wednesday to a near three-month high amid optimism among investors and oil traders that major oil producers will extend oil production cut, as global demand picks up. Brent crude gained about 1.49%, at…
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…Deploys Online Petroleum Products Procurement Solutions In line with the Transparency, Accountability and Performance Excellence (TAPE) agenda of the present Leadership of the Nigerian National Petroleum Corporation (NNPC), and the…
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