Valuechain - Nigeria's foremost Online Energy News Platform

Over three months after the Nigerian National Petroleum Corporation (NNPC) started drilling activities at the spud-in of Kolmani River-II Well in Gongola Basin in Bauchi, petroleum industry stakeholders have expressed divergent views over…
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Oil prices rose by more than 1% on Thursday, recovering from a near five-month low in the previous session but sentiment stayed weak due to rising U.S. supply and a stalling global economy. Benchmark Brent crude was at $61.30 a barrel…
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Over three months after the Nigerian National Petroleum Corporation (NNPC) started drilling activities at the spud-in of Kolmani River-II Well in Gongola Basin in Bauchi, petroleum industry stakeholders have expressed divergent views over…
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The Department of Petroleum Resources, DPR, has revoked the oil mining licences, OML, granted five companies. DPR also revoked one oil prospecting licences, OPL. The revocation of oil licences was contained in a public notice issued…
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The German Government, with support from the Bill and Mellinda Gates Foundation, has provided two million Euros for implementation of the second phase of the Competitive African Rice Initiative (CARI) in the country. The Programme…
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...despite having world’s 9th largest reserves Nigeria imported 146.14m litres of gas representing 47% of total national consumption during the first three months of 2019 from the US and five other countries despite the nation having…
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Suspected sea pirates, Monday, attacked seafarers travelling on Port Harcourt-Bille waterways in Akuku-Toru Local Government Area of Rivers State, injuring scores of passengers and robbing them of money, goods worth millions of naira,…
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The Petroleum Products Marketing Company (PPMC), a subsidiary of Nigerian National Petroleum Corporation (NNPC) posted N222.929 billion from the sale of petroleum products in the country in January 2019. According to the NNPC Monthly…
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Nigeria will fly out of Poland today (Wednesday) after a dispute about bonus payments at the Under-20 World Cup was verbally settled. The Flying Eagles were due to leave on Tuesday after a 2-1 loss to Senegal in the round of 16. …
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Dr. Emmanuel Kachikwu, Minister of State, Petroleum, in President Buhari’s just-ended first term has said that the future of the Nigerian oil and gas sector lies in private sector refining, as a result of which the Federal Government is…
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