Valuechain - Nigeria's foremost Online Energy News Platform

Many people were jolted last week when the Minister of State for Petroleum, Timipre Sylva said an alternative fuel is coming, which would be cheaper and easier to use than PMS the normal engine fuel. However, the claim is real and true…
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The Shell Petroleum Development Company of Nigeria Ltd (SPDC) on Friday lifted a force majeure on Bonny Light crude oil exports, Nigeria’s major oil revenue source. The Royal Dutch Shell’s Nigerian subsidiary, on January 20, shut down…
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Nigeria agreed to a deep-water exploration venture with several IOCs to avoid the huge capital required to develop its oil reserves, increase oil production and to leverage on emerging deep drilling technology. This led to the approval of…
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Global oil and gas giant, Royal Dutch Shell, has said its total production in Nigeria increased in 2019 to 176,000 barrels of oil equivalent per day, the highest level in five years. Shell, which announced its fourth quarter 2019…
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MRS Oil Nigeria Plc has declared a loss of N1.137 billion for Full Year 2019. This makes it the second time the indigenous oil and gas firm would be recording losses in a row with the FY2019 figure representing a 10.1% increase over the…
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Savannah Petroleum, the British independent oil and gas company focused around activities in Niger and Nigeria, has announced that Accugas has entered into a new interruptible gas sales agreement (‘IGSA’) with First Independent Power…
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The Department of Petroleum Resources (DPR) has launched its digitization initiative for Downstream operations under the ‘AUTOMATED DOWNSTREAM SYSTEM’ (ADS) program. The digitization initiative is designed to improve overall efficiency…
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Gombe State deputy governor, Dr. Manassah Daniel Jatau, has sought for peaceful and amicable resolution in boundaries demarcation between Gombe and Bauchi states, with a view to enhancing cordial relationship. The recent discovery of…
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A total of 150.4 million barrels of crude oil valued at N3.04tn was swapped for refined petroleum products by the Nigerian National Petroleum Corporation between September 2018 and September 2019, latest figures from the oil firm showed. …
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The Nigerian Senate has called for a total overhaul and rehabilitation of the refineries operated by the Nigeria National Petroleum Corporation (NNPC). The red chamber made the call after Senator Yusuf Yusuf, who cited orders 42 and 52,…
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