Valuechain - Nigeria's foremost Online Energy News Platform

The physical oil market, where millions of barrels of real cargoes are traded each day, needed OPEC+’s historic cuts to global crude production months ago. On Sunday, producer nations pledged to limit output by an unprecedented 10% of…
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*Security operatives set fire to illegal crude oil refining site The Nigerian military has destroyed a cumulative of seven illegal oil refineries and 408,000 litres of illegally refined AGO in Rivers and Bayelsa States, between 7th and…
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The Rivers State Government has vowed to prosecute 22 staff of American oil giant, ExxonMobile, who entered the state on Thursday in violation of the lockdown on its border. Governor Nyesom Wike, who made the avowal on Friday morning,…
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China refineries for crude sellers globally as they have increased amount of production as other nations battle COVID-19 with lockdown and restrictions according to Global Energy Data, financial information and analytics company, S&P…
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Power generation and distribution companies on Thursday said they were unaware of any N200bn that was paid to the power sector by the Federal Government in the past three days. Group Managing Director, Nigerian National Petroleum…
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Sequel to a meeting held between the Hon. Minister of Power, Engr Sale Mamman and the Group Managing Director of the NNPC, Mallam Mele Kyari, alongside the Managing Director of Niger Delta Power Holding Company, NDPHC, Mr. Chiedo Ugbo…
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Countries that want to lift coronavirus restrictions must meet a row of conditions to prevent another surge of infections, UN health chief Tedros Adhanom Ghebreyesus said on Thursday. In his weekly address to Geneva-based diplomats,…
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The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, this morning held virtual conference meeting with the corporation's workforce. The town hall meeting, which is a routine platform where the…
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Facing a steep drop in oil demand with much of the world staying home to practice social distancing, more than 55 energy executives, analysts and critics appeared one after another Tuesday at a video meeting of the Texas agency that…
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*US financial contributions to the WHO accounted for just under 15 per cent of its funding in 2019. Trump accused WHO of siding with China on the outbreak of the virus by covering up the true situation of things in Wuhan United…
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