Valuechain - Nigeria's foremost Online Energy News Platform

The Federal High Court in Abuja has granted the Asset Management Corporation of Nigeria (AMCON) application to take over the assets of the Chairman of SEPLAT Petroleum Development Company, Ambrosie Orjiako. The court also ordered…
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The suspension of flow of natural gas from Oil Mining License (OML) 34 has hit three days, following the shutdown of Abura Crude Trunkline, situated at Otu-Jeremi town in Ughelli, Delta State. The gas pipeline, which was shut down last…
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The Nigerian National Petroleum Corporation (NNPC) has disclosed that earnings from oil and gas production in June were down by 44.65 per cent, indicating a value reduction of about $226.38 million between May and June 2019. The…
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Nigeria will continue swapping crude for fuel for at least three more years because its refineries are still not fully operational. Africa’s biggest oil producer, which previously had a goal of revamping the plants by this year, will…
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The Federal Government spent a total N650.2bn in subsidising Premium Motor Spirit; latest statistics obtained from the Nigerian National Petroleum Corporation have shown. The PMS, popularly known as petrol, is imported into Nigeria…
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Revelations about the $9.6bn judgmentagainst the federal government keeps surfacing daily as the ill-fated deal has created a negative impact on the image and revenue of the country. Naija News gathered that the ill-fated…
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A Presidency source has disclosed why the Petroleum Industry Bill (PIB) passed by the eighth Senate was not signed into law. President Muhammadu Buhari, who is the Minister of Petroleum Resources, will be deeply involved in the…
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More riddles have beclouded the 2010 ill-fated Gas Supply and Processing Agreement (GSPA) which led to the award of a $9.6billion judgment against Nigeria. Preliminary investigation by the Economic and Financial Crimes Commission…
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The controversy over $9.6billion judgment debt against Nigeria deepened on Saturday following a revelation that the list of those involved in the negotiation of the contract was submitted to an Arbitration Tribunal in London The founder…
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Nigeria’s Ministry of Petroleum has shut down four natural gas processing plants in Rivers State in the south of the country. The institution criticizes the operators of these factories for carrying out their activities with expired…
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