Valuechain - Nigeria's foremost Online Energy News Platform

...as joint companies execute Novation agreement on four OMLs NNPC GMD, Mele Kolo Kyari Stakeholders in the oil and gas have advised the Federal Government to allow the Nigerian Petroleum Development  Company (NPDC) to truly  run…
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The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, said the shutdown of Oil Mining Lease 25 flow station by its host communities for over two years had caused the country the loss of over $1.7bn. The…
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Marketers of petroleum products must display prices of products in their retail outlets even at night or face sanctions, the Petroleum Products Pricing Regulatory Agency, PPPRA, has said. A statement from the agency said the warning was…
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LEKOIL (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa, reports its unaudited half year results for the six months to 30 June 2019. These results will be made available on the…
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The law and the regulation governing the operation of the West African Gas Pipeline (WAPCO) is the subject of an amendment in Lomé, this Thursday, September 26, 2019. Experts, delegates and parliamentarians of the four countries that are…
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NIPCO Plc, has declared N254 billion turnovers and a profit after tax of N1.58 billion for 2018 financial year just as it deepened its petroleum products outlets expansion and doubled its Liquefied Petroleum Gas (LPG) market share in…
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Rivers State Governor, Nyesom Wike has called on oil companies to respect the memoranda of understanding signed with host communities to ensure peaceful and productive operations. He spoke Saturday at the Government House Port Harcourt…
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Against the backdrop of the recent report that Nigeria lost at least $1.35 billion to oil theft in the first half of 2019, the Minister of State for Petroleum, Chief Timipre Sylva, has declared the readiness of the Federal Government to…
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Key oil freight rates from the Middle East to East Asia climbed as much as 28 per cent on Friday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude…
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*Oil-producing states share N51bn The Department of Petroleum Resources, DPR, received N5.02 billion from the Federation Account Allocation Committee, FAAC, in August. The Committee disbursed the sum of N769.53bn to the three tiers…
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