Valuechain - Nigeria's foremost Online Energy News Platform

Nigeria’s domestic demand for Liquefied Petroleum Gas, LPG, increased from 600,000 metric tonnes, MT, to 840,000MT, indicating an increase of 40 per cent as at December, 2019. Addressing members at the just concluded Annual General…
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Eni CEO Claudio Descalzi told the Wall Street Journal that if found guilty by an Italian court of corruption in Nigeria, he would likely step down from his role rather than wait for lengthy appeals. Descalzi and others are accused of…
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The Department of Petroleum Resources (DPR) has said that it had intensified surveillance to ensure maximum safety and regulatory compliance in cooking gas retailer business in Sokoto and Kebbi. DPR Operations Controller in charge of…
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…Says refineries are in a stage of comatose, need to be revived The President, Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Ndukaku Ohaeri, has revealed that N45.21 subsidy paid by the Federal…
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As leading OPEC producers downplayed fears of crippled demand growth in an attempt to calm the oil market on Monday, the cartel is said to be considering extending the ongoing production cuts or even deepening them to stave off excessive…
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Eni signed a new long term contract for the purchase of 1,5 million tonnes of liquefied natural gas with Nigeria LNG Limited (NLNG), a joint venture between NNPC, Shell, Total and Eni (with Eni having a participating interest of 10.4%). …
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The Nigerian public oil company (NNPC) has announced that it will conclude by the start of the second quarter a financing agreement of 2.5 billion dollars which will be used to build the largest gas pipeline in the country, called AKK…
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…13,000 beneficiaries emerge in Nasarawa Nigerian government’s project of supplying 1000 units of cooking gas to rural women in each of the 774 local government areas nationwide, under the National Cooking Gas program, has started with…
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Brent crude fell below $60 last Friday, triggering in some quarters that Nigeria’s 2020 budget may be in some threat. The budget was prepared with the oil benchmark of $60 per barrel. A report last week by Business Post said…
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Nigeria is set to increase its number six global ranking in gas production and first in Africa with the recent Final Investment Decision (FID) for the Nigerian Liquefied Natural Gas (NLNG) Train 7 project last December 27, in…
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