Valuechain - Nigeria's foremost Online Energy News Platform

President Muhammadu Buhari may have suspended the controversial Ruga Settlement Projects following a public outcry and the seeming misconception about the Projects, an idea designed to stem the tide of herdsmen/farmers clashes across the…
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The group managing director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday expressed optimism that the country’s oil and gas industry will continue to attract huge investments. According to him,…
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…as retirement takes effect July 7 The retiring Group Managing Director of the Nigerian National Petroleum Corporation, Maikanti Baru, on Tuesday, reeled out the over $8bn worth of deals currently being handled and pursued by the NNPC…
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The Nigerian National Petroleum Corporation (NNPC) has so far settled over $2 billion cash call arrears out of the $5 billion Nigeria owes joint venture (JV) partners since 2015, its Group Managing Director, Dr. Maikanti Baru, said in…
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The need for the Federal Government to take steps towards deregulation the oil and gas industry as well as end the controversial fuel subsidy resonated yesterday at the ongoing Oil and Gas Conference and Exhibition in Abuja. …
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The Nigeria oil and gas industry is still a major investment destination in Africa grossing over 24.8 per cent of foreign direct investments coming to the African continent. This was disclosed in a press release issued by the Group…
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Nigeria’s largest independent oil producer plans to spend as much as $5 billion to boost its oil and natural gas production in the next five years. Aiteo Eastern E&P Co. plans to drill new oil wells and re-open existing ones as it…
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Barely one and half years after the Nigerian Content Intervention Fund (NCIF) was launched by the Nigerian Content Development and Monitoring Board (NCDMB), provided financial assistance to indigenous firms operating in the oil and gas…
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The Organisation of Petroleum Exporting Countries (OPEC) in Vienna on Monday re-elected Nigeria’s Mohammed Barkindo as Secretary-General for a three-year tenure. The oil bloc also approved a nine-month extension for the global oil cut. …
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The Executive General Manager, Egina Close Out/Preowei Project, Total E&P Limited, Engr. Kayode Akioye, on Monday accused insurance firms in the country of not doing enough to grow the oil and gas sector. He urged the players in the…
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