Valuechain - Nigeria's foremost Online Energy News Platform

Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mr. Mohammed Barkindo, has urged member countries not to flout last April’s deal to cut their crude oil production quotas, despite recent noticeable improvement…
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Nigeria’s crude oil output is expected to drop further as the Bonga crude oil export terminal, which is operated by Shell Nigeria Exploration and Production Company (SNEPCO) has been shutdown. Report by Reuters says…
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Installation of equipments at the biggest single train oil refinery in the world. Upon completion around April 2021, This project will cut Nigeria's export bill by billions of dollars, while creating potential to earn forex for the nation…
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In response to speculations about its staff strength, the Nigerian National Petroleum Corporation (NNPC) has disclosed that it currently has 6,621 staff, both at its headquarters and across all its subsidiaries, division and offices…
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The Nigeria Navy has said it recovered N75 billion worth of stolen petroleum products in five years. The products recovered between 2015 and 2019 include crude oil, diesel and petrol. It said a total of 2,287 illegal refineries were…
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Most fuel depot operators have been forced out of business as the Nigerian National Petroleum Company emerged the sole supplier of imported fuel in recent years, the Depot and Petroleum Products Marketers Association of Nigeria has said. …
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On April 20, the West Texas Intermediate crude benchmark did not just fall below zero, it plummeted to negative $37.63 a barrel. This stunning price crash was the result of a months-long series of unfortunate events, starting with a global…
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The Nigerian National Corporation (NNPC) has explained the parameters for employment as well as career progression in the corporation, using the recently concluded Graduate Trainee employment process as well as top Management promotion…
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Barely a week after it had risen to $34.11, the price of Bonny Light, Nigeria’s premium oil grade, has dropped slightly to $33.25 in the international market. Despite the slight drop, the price still indicated an excess oil revenue of…
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Despite forecasts that OPEC has failed and will lose its place in determining prices in the international oil market, Goldman Sachs analysts forecast in a report titled Top Projects 2020 says otherwise. According to the 2020 project,…
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