Valuechain - Nigeria's foremost Online Energy News Platform

...As oil price slides to $58 Despite an upward revision in oil demand growth for 2020 by 140,000 b/d to 1.22 million b/d, OPEC members may consider deeper production cuts, or extend their existing deal, in response to a slump in prices…
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The Department of Petroleum Resources (DPR) in Abuja, raised the alarm about activities of illegal marketers of Liquefied petroleum gas (LPG) insisting that the development remains a critical treat to lives and properties and uneconomical…
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A key witness failed to corroborate corruption allegations at the heart of the trial of Eni SpA and Royal Dutch Shell Plc over a Nigerian oil deal, potentially bolstering the companies’ defense in one of the industry’s biggest graft cases.…
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By Emmanuella Edun-Adedeji There's an age-long saying that "as you lay your bed, so you lie on it," this is so typical and true. Tidyness is so endearing, it's like looking through crystal waters. A lot of people have aborted…
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...PIB on last trip to NASS, Sylva vows Among other things, the Federal Government is working towards the production of Compressed Natural Gas (CNG) as an alternative fuel to the Premium Motor Spirit (PMS) petrol this year. The…
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Nigerian National Petroleum Corporation (NNPC) has reported that crude oil export sales contributed $396.94 million or 82.14% of the nation’s dollar transactions in October 2019, compared with $267.97 million contribution in the previous…
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Members of the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, recalled three weeks ago by Chevron Nigeria Limited CNL, following intervention of the Nigerian National Petroleum Corporation, NNPC Group Managing Director, Mele…
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Belgium-based offshore helicopter operator NHV Group has entered into a teaming agreement with the Nigerian subsidiary of Baywood Integrated Group, Tropical Arctic Logistics (TAL). NHV said on Monday that the agreement with TAL was…
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Nigeria exported $5.49 billion worth of crude oil and gas between October 2018 and October 2019, a report by the Nigerian National Petroleum (NNPC) has said. The report said that crude oil export sales contributed $396.94 million (82.14…
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Nigeria reached its crude production quota in December under the OPEC agreement, Mele Kyari, the group Managing Director of Nigerian National Petroleum Corporation (NNPC),has said . He also noted that OPEC quotas only apply to crude oil…
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