Valuechain - Nigeria's foremost Online Energy News Platform

OPEC and non-OPEC states might need to meet again to reconsider production cuts, Nigeria’s oil minister said on Monday, expressing frustration with the collapse in oil prices after Saudi Arabia and Russia embarked on a battle for market…
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The Department of Petroleum Resources (DPR), in a low key ceremony, rently honoured members of its staff who attained 10 years of meritorious service to the Department. The Director/CEO Engr. Sarki Auwalu MNSE represented by Assistant…
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•Gbajabiamila, NNPC differ on $20.4bn loss to oil theft The House of Representatives has raised the alarm over the sharp fall in global oil prices, noting the adverse effect it will have on Nigeria’s economy, especially the…
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The Director/CEO of the Department of Petroleum Resources represented by Lagos Zonal Operations Controller, Engr Ayorinde Cardoso declared open the 2020 Annual Oil Spillage Contingency Plan Activation and HSE Audit Exercise for Nigerian…
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By Mahmud Jega Nearly every observer saw it coming, that the protracted battle between Kano State Governor Abdullahi Umar Ganduje and Emir of Kano Muhammadu Sanusi II would sooner result in the latter’s deposition from the centuries-old…
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In anticipation of the passage of the Petroleum Industry Bill (PIB) which seeks to categorize existing Oil and Gas industry players into Policy, Regulation and Operations concerns, the Ministry of Petroleum Resources’ Gas Department has…
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After what happened with oil prices on Monday, there was only one direction they could go, and that's up. That's exactly what happened, as prices bounced back this morning. West Texas Intermediate crude for April delivery CL.1, +2.57%…
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Minister of state for petroleum resources, Timipre Sylva, has said that the Organization of Petroleum Exporting Countries OPEC and non-OPEC states might need to meet again to reconsider production cuts. Sylva who spoke on Monday,…
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Blue Seal Group, an indigenous energy firm has laid a multi-million dollar foundation for local production of chemicals that will be used to advance petroleum products production across the downstream value chain and enhance production…
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The Federal Government has constituted a 5-man Committee to review and possibly reduce the 2020 budget estimates which stands at N10. 6 trillion. The move may have become necessary, following the outbreak of Coronavirus in Nigeria, the…
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