Valuechain - Nigeria's foremost Online Energy News Platform

The American giant Google has just announced that it is giving up developing new artificial intelligence solutions that will help the oil and gas industry to accelerate the production of fossil fuels. A statement that follows the…
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Oil prices are continuing to collapse and U.S. stocks dropped to their worst loss in weeks as worries sweep markets about the economic damage caused by COVID-19. Analysts are pessimistic about government aid actually helping. (April 21) AP…
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Nigeria is believed to be declaring about half of what the oil explorers were actually flaring, thus paying far less than they should pay to the government as fines, an amount that may have hit $1bn as loss. This is said to have emerged…
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*Adolf Hitler was rumoured to have owned Saturn the alligator, although the animal moved to Russia after the Second World War and eventually died aged 84 in Moscow Zoo An alligator rumoured to have belonged to Adolf Hitler has died at…
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Rivers State Governor, Nyesom Ezenwo Wike earlier today at the Rivers State Government House received a delegation from Mobil Nigeria Unlimited led by its Managing Director, Mr Udobong Ntia. Governor Wike speaking on the need for Mobil…
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The Minister of State for Petroleum Resources, Mr. Timipre Sylva, has revealed that 56 marginal fields will be available for auction before the end of the year. It had been reported earlier that due to current global realities which…
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The talked about gas pipeline consteuction linking Ajaokuta to Abuja, to Kaduna, then to Kano has begun. The investment will see new gas power plants in Abuja, Kaduna, and Kano that will greatly improve electricity generation in the…
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In its avowed commitment to eliminate crude oil theft and illegal oil bunkering, the Nigerian Navy said it has destroyed a total of 2,287 illegal refineries in the last five years. Making the disclosure, during a press briefing to mark…
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Nigeria suffered a setback in its pursuit of justice over the controversial Malabu deal as a London judge ruled Friday that the $1 billion suit against oil giants Shell and Eni could not go ahead in England. According…
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Nigerian oil advertisers have requested that the Buhari organization give a valuing equation that will control the month to month changes in the siphon cost of Premium Motor Spirit (PMS), famously known as petroleum. They said…
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