Valuechain - Nigeria's foremost Online Energy News Platform

Most of the petroleum stations in Badagry communities have closed as the National Union of Petroleum and Natural Gas Workers of Nigeria (NUPENG) suspended distribution of fuel to the city. Mr Tayo Aboyeji, Chairman, South-West Chapter…
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With crude oil prices shedding over $11 per barrel this year to $55, thus alarming the producers, a panel set up by the Organisation of Petroleum Exporting Countries (OPEC) and its allies have recommended a provisional cut of 600,000…
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Nigeria is an oil producing country with lots of oil bloc (also called oilfield) and oil well. Oil bloc is an area with many oil Wells. An oil well is a space or pocket of oil underneath the earth's surface. Not all oil wells…
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…Asserts that Discos, Gencos deceived Nigerians on their ability The Nigerian Senate has said that it has come to the conclusion that the 2005 power sector privatisation in the country has collapsed, saying that there is need to revisit…
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Nigeria lost N522.2million through 28,349.72 barrels of crude oil spilled into the environment by oil and gas companies in 2019. The National Oil Spill Detection and Response Agency, NOSDRA,disclosed this in a data obtained. A barrel…
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The Department of Petroleum Resources (DPR), yesterday, in Abuja, said it may be forced to take drastic action against erring oil and gas firms in an attempt to address frequent cases of explosion and accidents in the industry. Cases of…
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Exporters of Liquefied Natural Gas, including Nigeria, have been told to brace for an oversupplied market and weaker-than-expected global demand depressing prices for their output for another two years. Nigeria, which is among the top…
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There are indications that Organisation of Petroleum Exporting Countries (OPEC), and  its allies, especially Russia, will further cut oil supply by 500,000 barrels per day (bpd), a situation that would worsen economic realities in Nigeria.…
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Independent Petroleum Marketers Association of Nigeria, IPMAN, Enugu Depot branch, has called on the South-East governors and other Igbo leaders to intervene and engage the Federal Government on the urgent need to revitalise the long…
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Out of these eight producers, Akwa Ibom, Delta, Rivers and Bayelsa account for 80% of the crude oil produced. This article will discuss the contribution of each state and other interesting things about them. 1. Akwa Ibom State Akwa…
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