Valuechain - Nigeria's foremost Online Energy News Platform

The Management and Staff of the Department of Petroleum Resources (DPR) mourn with heavy heart the passing away of our beloved Colleague and former Director, Mr. Macaulay Ofurhie , which sad event occurred on Monday June 1 2020 in Lagos…
Read More...

The Nigerian Content Development and Monitoring Board (NCDMB) has waded into the dispute between the Nigeria Liquefied Natural Gas (NLNG) and a Nigerian company, Macobarb International.  It was gathered that the N970 million contractual…
Read More...

OPEC repeatedly attacked and threatened to ban its imports and the United States incurred billions of losses because of its "rocky" policies Anas bin Faisal Al-Hajji is an economist specializing in the energy field In terms…
Read More...

The Chairman of OPAC Modular Refinery, Mr. Momoh Oyarekhua, has urged the federal government to encourage local refining of the crude oil to reduce the cost of importing refined products. The 7,000 barrels per-stream-a-day capacity OPAC…
Read More...

Judges in Lagos have blocked Nigeria’s efforts to revoke two oilfield licences, court documents seen by Reuters showed, a move that could compromise a full licensing round for marginal fields which the government is aiming to launch as…
Read More...

Oil rose past $36 a barrel as investors eyed a potential extension of record production curbs by OPEC+ while physical markets showed renewed signs of tightness. Futures in New York rose around 2.7% as Russia and several producers in the…
Read More...

The Nigerian National Petroleum Corporation (NNPC) lost over N20 billion due to 74 pipelines breaches by suspected crude oil thieves in January and February this year, the national oil company has said. Information obtained from the…
Read More...

The Federal Government has paid N168 billion outstanding subsidy debt to oil marketers, as part of measures targeted at stimulating activities in the downstream sector of the petroleum industry. Investigation by Vanguard indicated that the…
Read More...

Senate on Monday described cost of crude oil production per barrel as the most expensive globally. This follows presentation of $21 as the current cost of crude oil production per barrel at an interactive session on Medium Term Expenditure…
Read More...

•To generate N2.365bn from application fees Nigeria’s precarious economic situation may lighten up pretty soon as the Department of Petroleum Resources (DPR) yesterday announced the commencement of marginal fields bid rounds…
Read More...