Valuechain - Nigeria's foremost Online Energy News Platform

At the backdrop of the announcement of the Federal Government's plans to rehabilitate the country's refineries by the Minister of State, Petroleum Resources, Timipre Sylva, experts in the petroleum downstream industry have said that the…
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…Executive Secretary champions closer collaboration in Africa Oil Sector The African Petroleum Producers Organization (APPO) has applauded the Nigerian Content Development and Monitoring Board (NCDMB) for its effective promotion of…
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*Explores floating of Ship Repair Centre in Nigeria under a PPP Arrangement The Shipowners Association of Nigeria (SOAN) led by its President, Dr. Mkgeorge O. Onyung paid a high-value visit to the Honorable Minister of State for…
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His comments came amid speculation that there is tension in the alliance, known as OPEC+, over whether to cut oil production furtherPrices continue to be weighed on by ample supply and falling demand and, lately, fears surrounding the…
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The much anticipated 2020 Nigeria Oil and Gas Industry Games officially began yesterday following a colourful opening ceremony at the Chevron Recreation Centre, Gbagada. There was a lot of fanfare as athletes and officials swarmed the…
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The Director, Petroleum Resources, Department of Petroleum Resources (DPR), Mr. Sarki Auwalu, has stated that the downstream oil sector will in few years witness changes in view of the Federal Government’s commitment to drive business in…
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The nation’s crude oil reserves of 37 billion barrels, two percent of which is being produced annually, will be depleted in 49 years, according to the Department of Petroleum Resources. The oil reserves are concentrated in the…
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Amazon Energy Limited has completed a training programme for 25 engineers as part of the local content requirements for the Kwale gas flaredown project contracted to it by the Nigeria Agip Oil Company. The programme, called the Nigerian…
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The downstream arm of the country’s petroleum industry has been on the downward trend in the past few years due to regulation of petroleum products pricing by the Federal Government. As a result of poor margins on investment in products…
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The International Monetary Fund (IMF) has cut its growth forecast for Nigeria this year to 2 per cent from 2,5 per cent, reflecting fears the coronavirus outbreak in China will hit demand for oil. Nigeria has been grappling with low…
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