Valuechain - Nigeria's foremost Online Energy News Platform

•Directs oil firms with LTEs to brace-up The Department of Petroleum Resources (DPR), yesterday, reiterated the need to strengthen local refining of petroleum products in efforts to meet demand and reduce capital flight through import…
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There is a major false belief about the oil industry that's held by most of the public and only serves to get you to buy crude over a longer period. That belief: Oil companies and organizations like OPEC want crude prices to be…
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It is now commonplace for the children of footballers to take after their fathers and former Nigerian, and Chelsea defender Celestine Babayaro is not left out of the party. Ryan Hyacinth, the son of Babayaro made the headlines a while…
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By Emmanuella Edun-Adedeji Optimism in a layman's parlance, is simply the art and act of possibility and positivity thinking. It is seeing the good in even the worst situations; it is being quick to familiarize with positivity, no…
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Commercial banks in Nigeria, at the weekend, began descending on heavy debtors, mainly oil firms with history of non-performing loans, as fear of recapitalisation and mergers continue to rock the money market sector. Some of the…
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*Subsidiary mulls deeper exploration in OML 49 Expenditure, including maintenance, on headquarters of Nigerian National Petroleum Corporation (NNPC) gulped N27.868 billion in two months. The headquarters, New…
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The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), His Excellency, Mohammed Sanusi Barkindo, is participating in the International Petroleum Technology Conference (IPTC) 2020, which is taking place for the…
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In a bid to make Nigeria get it right in local refining of petroleum products, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has advocated the inclusion of a clause that mandates international oil companies…
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The Department of Petroleum Resources, Sunday said it is set to grant a Licence to Operate, , LTO, to Niger Delta Petroleum Resources, NDPR, for the installation of an additional 5,000 barrels per day modular refinery at Ogbele,…
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Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, weekend, disclosed that Nigeria grew its crude oil output 2.2 million barrels per day in December. This was in disregard to the deal…
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