Valuechain - Nigeria's foremost Online Energy News Platform

The Federal Government has paid about N400 billion subsidy debts to major fuel marketers just as the Nigerian National Petroleum Corporation’s (NNPC) spending on subsidy to import Premium Motor Spirit (PMS), also known as petrol, hits…
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The Nigerian national Petroleum Corporation (NNPC) has commenced the publication of details of its petroleum products supplies nationwide. The move, the management said yesterday, is to further deepen the culture of transparency in the…
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TGS-PetroData is to commence a regional Multi beam and Seafloor Sampling (MB&SS) Programme, covering 80,000 square kilometres of both allocated and non-allocated blocks from offshore to deep offshore Niger-Delta, in December 2019. …
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The department of Petroleum Resources Kano directorate has sealed off two facilities over alleged involvement in illegal processing of substance suspected to be petroleum Resources. The two illegal refineries were discovered in two…
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President Muhammadu Buhari on Tuesday said if Nigeria had followed her own programme for exploiting its gas reserves, the country would have been earning more money from the product than from petroleum now. The President said this when…
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*The Oil Producers Trade Section had told the National Assembly that the terms they expressly passed would affect up to $55.5bn and revenue of about $10bn by 2030 The Nigerian Government might be willing after all to go back on some of…
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...Explains Offshore Law Amendment Group  Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mr.Mele Kyari, has raised the alarm over impending depletion of the nation’s oil reserves currently at 37 billion barrels.…
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… Says Deep Offshore Act Amendment Long Overdue The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has called on oil and gas professionals in the Country to…
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Barring any change, the Nigerian Government will next year conduct a fresh round of licensing for untra-deepwater assets in the country. This was disclosed by the Group Managing Director, Nigeria National Petroleum Corporation (NNPC) Mr…
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The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva today, received the Chairman and Managing Director of ExxonMobil in Nigeria, Mr. Paul McGrath, who also doubles as the Chairman of the Oil Producers…
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