Valuechain - Nigeria's foremost Online Energy News Platform

President Muhammadu Buhari has approved the appointment of Bashir Jamoh as the director-general of the Nigerian Maritime Administration and Safety Agency (NIMASA), TheCable can report. Jamoh will replace Dakuku Peterside who was…
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Ministers from the Organization of Petroleum Exporting Countries, OPEC, are beginning to arrive to Vienna on Tuesday as the group debates whether to further reduce oil production to tackle deteriorating demand from the global spread of the…
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A green light signaled from OPEC, combined with support from policymakers to back global markets helped crude oil prices find a floor, according to analysts at TD Securities brief. WTI trades at $48.15. Key quotes “Saudi Arabia wants…
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Nigeria and other members of the Organisation of Petroleum Exporting Countries will gather this week to debate whether to cut oil production further as the spread of coronavirus hits demand for crude worldwide. Reuters reported on…
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Minister says the initiative would help complement the efforts and commitment of the Nigerian Government in the fight against infectious diseases The Nigerian Government has signed a $18.2m grant agreement with Japan to strengthen the…
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The Department of Petroleum Resources has sealed off an illegal plant refilling Liquefied Petroleum Gas (cooking gas) cylinders under high-tension wires in Lagos. The Banner Gas LPG refilling plant, located in Lekki Phase I, was shut…
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Data and Analytics Company, Global data has stated that Nigeria is set to lead refining capacity additions from planned and announced (new-build) projects in Africa by 2024. The company’s report, ‘Global Refining Industry Outlook 2020…
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There are indications that Nigeria’s compressed natural gas, CNG, deficit may not abate in the near future as inappropriate pricing, poor state of infrastructure and non-existence of a regulating agency are yet to be settled. Outlining…
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Oil and gas industry in Nigeria is a quite complex industry and many outsiders struggle to understand the various types of companies and the business they do. Here, we have explained the various categories of oil and gas firms and…
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OPEC’s crude oil production fell to the lowest in more than ten years last month as a number of producers cut more deeply than they had agreed to and Libya’s output continues to fall amid the oil port blockade, a Reuters survey has shown. …
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