Valuechain - Nigeria's foremost Online Energy News Platform

Latest data from the Petroleum Products Pricing Regulatory Agency (PPPRA) indicates that petrol under recovery (commonly called subsidy) is now N21.22Kobo per litre. Data from the agency also shows that the average daily truck-out…
Read More...

The three refineries owned by the Federal Government lost a total of N111.27bn from January to September this year, the Nigerian National Petroleum Corporation said in its September report. The refineries posted a loss of N96.31bn in…
Read More...

The Honourable Minister of State for Petroleum Resources Chief Timipre Sylva, received today, the British High Commissioner to Nigeria, Catriona Liang in Abuja, Nigeria. She was accompanied by Stuart Tibbs (Senior Economic Advisor,…
Read More...

-By Kenny Folarin The Federal High Court, Abuja has ordered the transfer of Soku oil field from Bayelsa to its rightful owner, Rivers. Justice Inyang Ekwo gave the order on Monday while delivering judgment in a suit instituted by…
Read More...

-By Kenny Folarin The Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company have kicked-off the first phase of establishing the first condensate refinery in the country, with a firm…
Read More...

-By Kenny Folarin The Minister for Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that Dangote Refinery would help the country save $10bn foreign exchange when completed. It would be recalled that the Group…
Read More...

The Nigerian National Petroleum Petroleum Corporation (NNPC) and its joint Venture (JV) partners have signed the first basic 20-year term of Gas Supply Agreements (GSAs) for the NLNG Train 7. They also signed 10-year term of GSAs for…
Read More...

The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva, received today, in audience, the Norwegian Ambassador to Nigeria, Jens-Petter Kjemprud in Abuja, Nigeria. The meeting, amongst other topics, explored…
Read More...

-By Kenny Folarin Christmas time is usually a season filled with glitz and glamour of merry-making, a time celebrated all over the world commemorating the birth of Jesus Christ, according to the Christian faith. Nigerians always…
Read More...

-By Kenny Folarin The Department of Petroleum Resources (DPR) says it has aligned its deliverables with the ministerial mandate for the oil and gas sector in Nigeria. The Agency's Director, Mr. Rufai Shakur made this known in…
Read More...