Valuechain - Nigeria's foremost Online Energy News Platform

-By Gideon Osaka The world is said to be moving in the direction of alternative and clean energy and there are already predictions that with current trends in technology and environmental concerns, over the next 20 to 30 years, crude…
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-By Gideon Osaka Oil giant, Royal Dutch Shell Plc said it recorded lower capital expenditure (CAPEX) and capital investments last year compared to 2018 attributing some of the reasons to higher spend for lease renewals in Nigeria. …
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-By Fred Ojiegbe Global oil use is to be in free-fall, heading for its lowest in history, as more countries introduce unprecedented measures to fight the pandemic coronavirus outbreak, otherwise known as COVID-19. Travel bans,…
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-By Fred Ojiegbe Nigeria’s rig count for the month of January dipped by three, having recorded 14 as against 17 recorded last December, data from the Organisation of Petroleum exporting Countries, OPEC, shows. This is coming at a…
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The Nigerian National Petroleum Corporation (NNPC) in November 2019, lifted 8,621,658 barrels of crude oil from the daily allocation for domestic utilization translating to an average volume of 287,389 barrels of oil per day in terms of…
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•Cautions against panic buying, hoarding The Nigerian National Petroleum Corporation (NNPC) has said that it has activated measures to guarantee seamless distribution of fuel across the country throughout the 14-day lockdown announced…
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The international oil benchmark, Brent crude, plunged to its cheapest in 18 years on Monday as it traded around $22 per barrel. This comes amid growing fears that the global coronavirus shutdown could last months and demand for fuel…
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The Chairman and Vice-Chairman of Famfa Oil Limited, Mr. Modupe Alakija and Mrs. Folorunsho Alakija have donated N1 billion to help the federal government, Lagos State government, and other agencies in the fight against the COVID-19…
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Despite the lockdown and stay-at-home orders by most state governments in the country, the Nigerian National Petroleum Corporation (NNPC) has given an assurance of an uninterrupted supply of petroleum products across the country. …
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...As corporation assures of nationwide product availability In its bid to ensure that the Presidential directive on the lockdown of some states is adhered without concerns about availability of petroleum products, the Nigerian…
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