Valuechain - Nigeria's foremost Online Energy News Platform

A total of 60 Nigerian crude oil cargoes have not been sold despite the reduction of the official selling prices by the Nigerian National Petroleum Corporation. A glut of Nigerian and Angolan crude weighed on the market on Tuesday with…
Read More...

Shell lifted a force majeure on exports of Nigeria’s Forcados crude oil after the pipeline transporting it reopened, the company said in a statement Monday. The removal of force majeure followed the reopening of the Trans Forcados…
Read More...

…Provides Buses in Lagos True to its pledge to extend its hand of kindness and support to the fight against the spread of the dreaded Corona virus (Covid-19) in Nigeria, the Stallion group has commenced the delivery of free rice and…
Read More...

The International Monetary Fund has announced immediate debt relief for 25 poor countries to help them free up funds to fight the coronavirus pandemic. According to IMF Managing Director Kristalina Georgieva ” the debt relief will…
Read More...

Having carefully considered the briefings and Report from the Presidential Task Force on Coronavirus and the various options offered, it has become necessary to extend the current restriction of movement in Lagos and Ogun States as well as…
Read More...

The Group Managing Director of Nigerian National Petroleum Corporation, (NNPC), Mele Kyari has explained that Federal Government’s support for private refinery initiatives is part of the strategies to return Nigeria to being a net exporter…
Read More...

*Virus risks undermining efforts to reverse trend of rising hunger A child receiving food in Ukhiya, Cox’s Bazar, Bangladesh. COVID-19 risks undermining efforts to reduce hunger. Photo: WFP/Saikat Mojumder Entering 2020, the…
Read More...

*The 10th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Sunday, 12 April 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE…
Read More...

President of the United States of America, Donald J. Trump has, through his Twitter handle today, taken credit for the agreement reached to cut oil production globally. This is emerging barely 24 hours after the Declaration of Cooperation…
Read More...

Saudi Arabia's Energy Minister, Prince Abdulaziz Bin Salman said on Monday that effective global oil supply cuts would amount to around 19.5 million barrels per day, taking into account the reduction pact agreed by OPEC+, pledges by other…
Read More...