Valuechain - Nigeria's foremost Online Energy News Platform

Lagos State Government on Monday discharged five coronavirus patients at Infectious Disease Centre, Yaba Mainland Hospital. This brings to eight the total number of discharged patients from the Centre. The patients who had been…
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The Minister of Finance and the Governor of the Central Bank of Nigeria (CBN) have secured approval from President Muhammadu Buhari to exempt key players in the financial services sector from COVID- 19 movement restrictions. A statement…
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The Nigerian National Petroleum Corporation, NNPC has advised Nigerians to refrain from panic buying of petroleum products because the national stock, especially of Premium Motor Spirit (PMS) otherwise known as petrol is enough to last…
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It has been warned since January that the long-term ramifications of the ongoing coronavirus (COVID-19) outbreak on the oil industry could be significant and long-lasting. In March we saw significant impacts on price and demand. What…
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• NNPC, DPR differ over Nigeria’s petrol stock The federal government has directed oil and gas companies to reduce the workforce on their offshore platforms in view of COVID-19 pandemic in the country. Director, the Department of…
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* African oil states lack cash to weather price shock * Saudi/Russia fight costs producers money, market share * Delayed spending may cost 200,000 bpd of output -Rystad Collapsing oil prices have left African producers facing not…
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...Declares situation as a matter of life and death Based on the advice of the Federal Ministry of Health and the National Centre for Disease Control, NCDC, President Muhmmadu Buhari has directed the restriction of all movements in…
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The exceptional leadership qualities of the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) is increasingly coming to the fore, especially at this challenging period. His ability to match action with words…
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Most of Africa’s top planned oil and gas projects were expecting sanctioning under an oil price assumption of between $55 and $60 per barrel. Now, with oil prices falling to below their break-even costs, Rystad Energy expects many projects…
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African governments set to see decline in revenues; Exploration projects put on hold; Thousands of local jobs at risk if nothing is done. While the short-term effects of Covid-19 on world economies are already being felt and put…
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