Valuechain - Nigeria's foremost Online Energy News Platform

The Offshore Technology Conference (OTC) recognizes the unprecedented global challenge associated with the current COVID-19 pandemic. The health and safety of our partners, attendees, exhibitors, staff, and community are of the utmost…
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Dozens of Hindu activists held a cow urine party in the Indian capital Saturday to protect themselves from the new coronavirus, as countries around the world struggle to control the deadly pandemic. Members and supporters of All India…
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The Federal Government has begun consultations with relevant stakeholders on a possible reduction of the pump price of petrol in the wake of the crash of crude oil prices globally. The Minister of State, Petroleum Resources, Mr Timipre…
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Despite the scourge of Coronavirus raving activities in the oil and gas industry, Nigeria’s rig count took a significant jump, rising 64 per cent to 23 in February, as against 14 recorded in January, 2020. This is coming at a time the…
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The foreign and local oil firms, yesterday, perfected plans for mass disengagement of workers and slash in investments as parts of measures to mitigate the effects of price rout rocking the global market. The rout, buoyed by spread of…
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Saudi Arabia is flooding markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia, in an escalation of its fight with Moscow for market share, five trading sources said on…
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The raging Coronavirus pandemic will wipe at least $4billion revenue from Nigeria and other African countries economy through reduced demand for the continent’s exports, the NJ Ayuk, the Executive Chairman of the African Energy Chamber has…
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A Five-man delegation from the Ministry of Petroleum, Republic of Niger recently visited the Nigerian Content Development and Monitoring Board (NCDMB) in Yenagoa, Bayelsa State and sought counsel on how to implement Local Content…
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Nigeria’s number one crude grade, Bonny Light currently battles for market share at the international market, according to traders. Reports say the grade is facing a decline in demand, adding that Azeri Light, a grade produced by…
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Oil prices jumped almost four percent in Asian afternoon trade Friday, reversing earlier losses sparked by the Saudi-Russia price war and fears about the economic impact of the coronavirus pandemic. West Texas Intermediate was up 3.9…
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