Valuechain - Nigeria's foremost Online Energy News Platform

Every year Nigeria spends whopping billions of naira subsidising premium motor spirit (PMS), commonly known as petrol, with its often criticised claim that it is protecting the common man from the likely burden of a free market price.…
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The Shell Petroleum Development Company of Nigeria Limited, SPDC, says last Thursday’s fire outbreak in Rivers State, was not from its facility, but from a crude theft point near the 20-inch Trans Niger Pipeline operated by the company. …
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Oil producing states in the country received N50.279 billion as 13 percent derivation revenue in December, 2019, according to the Permanent Secretary, Ministry of Finance, Budget and National Planning, Alhaji Isa Dutse. Dutse disclosed…
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Timipre Sylva, Nigeria’s Minister of State for Petroleum Resources, has said if oil prices remain within the $60 and $70 per barrel, it will be good for the country’s fiscal planning and budget implementation in the current year. Sylva,…
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The Honorable Minister of State for Petroleum Resources, Timipre Sylva has inaugurated the National Gas Expansion Programme Committee to steer the Gas Sector for optimal performance and better utilization of the massive gas resources in…
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The Honorable Minister of State for Petroleum Resources, Chief Timipre Sylva participated in this year's World Economic Forum Annual Meeting (#wef20). Here is a summary of his participation and how he has continued to effortlessly…
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Despite privatising the power sector, the Federal Government has spent over N1.7tn on the sector in the last three years, an interim report submitted to the National Economic Council indicated on Thursday. The Governor of Kaduna State,…
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The Nigerian National Petroleum Corporation (NNPC) has paid a total of $483.25 million to the Federation Account in October, 2019. This was contained in the 51st edition of NNPC’s Financial and Operational Report.The report noted that…
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The Nigerian National Petroleum Corporation (NNPC) and the Petroleum Technology Association of Nigeria (PETAN) have pledged to partner on ways to bolster production activities in the nation’s oil and gas sector. This resolution was…
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The country’s refineries under the management of the Nigerian National Petroleum Corporation made a cumulative loss of N123.25bn from January to October 2019, latest figures released on Wednesday showed. An analysis of data in the…
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