Valuechain - Nigeria's foremost Online Energy News Platform

Nigeria will close a $2.5bn financing agreement with Chinese lenders by the start of the second quarter of 2020 to fund the single biggest gas pipeline project in the country’s history, after months of holding talks with China on financing…
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The Joint Military Force deployed to protect oil infrastructure in the Niger Delta said on Saturday that it prevented more than 419 attacks on oil export facilities last year alone. The feat led to uninterrupted oil exports in the…
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US basketball legend Kobe Bryant has been killed in a helicopter crash in California, US media report. Bryant was travelling in a private helicopter when it burst into flames above the city of Calabasas, according to the reports. …
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Crude oil prices deteriorated sharply over the week, with Brent crude falling to $60.69 per barrel, the lowest in nearly two months. WTI dropped to $54.19 per barrel the lowest since October 2019. Pessimism seems to be back after fears…
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Timipre Sylva, the minister of state for petroleum resources, says the federal government is working on a transition from petrol and diesel-powered vehicles to gas-powered vehicles. This transition, he said, is necessary so that focus…
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Residents of Alagbole Cele bus stop, a busy Community in Lagos/Ogun State suburb are currently living in probable tension, as pipeline vandals are said to be scooping fuel from the shallow pipe that passed through the community. Just…
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Every year Nigeria spends whopping billions of naira subsidising premium motor spirit (PMS), commonly known as petrol, with its often criticised claim that it is protecting the common man from the likely burden of a free market price.…
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The Shell Petroleum Development Company of Nigeria Limited, SPDC, says last Thursday’s fire outbreak in Rivers State, was not from its facility, but from a crude theft point near the 20-inch Trans Niger Pipeline operated by the company. …
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Oil producing states in the country received N50.279 billion as 13 percent derivation revenue in December, 2019, according to the Permanent Secretary, Ministry of Finance, Budget and National Planning, Alhaji Isa Dutse. Dutse disclosed…
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Timipre Sylva, Nigeria’s Minister of State for Petroleum Resources, has said if oil prices remain within the $60 and $70 per barrel, it will be good for the country’s fiscal planning and budget implementation in the current year. Sylva,…
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