Valuechain - Nigeria's foremost Online Energy News Platform

...The Corporation clarifies The Nigerian National Petroleum Corporation (NNPC) has clarified that none of its staff was involved or arrested in the suspected fraudulent ATM transaction involving some alleged swindlers and workers…
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*Will cartel’s compliance committee hint at possible policy news from June meeting? Oil futures finished lower Friday, with U.S. prices down for the first time in four sessions, but up for the week, as any potential demand worries tied…
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Private depot owners are lamenting Nigerian National Petroleum Corporation’s (NNPC’s) decision   to sell Premium Motor Spirit (PMS) to them at N117 per litre, admitting that the price is not only outrageous, but not cost effective. The…
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Oil edged up towards $73 a barrel on Friday, heading for a weekly gain, supported by supply cuts and concern over potential further disruption to Middle East shipments as political tensions rise. U.S. sanctions on Iran have cut the…
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Zimbabwe will by 2030, have done away with diesel and petrol powered vehicles and is likely to adopt electrically powered engines, in an effort to reduce carbon emissions that are largely blamed for fast-tracking global warming, 263Chat…
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Offshore drilling contractor Shelf Drilling has secured a contract extension for its Adriatic I jack-up unit in Nigeria. In its fleet status report released on Wednesday, Shelf said that the Adriatic I would keep working for Sirius…
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The Group General Manager of Greenfield Refineries, a division of the Nigerian National Petroleum Corporation (NNPC), Mohammed Usman, has said it is difficult to set up new refineries in Nigeria because many companies do not have the…
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Nigerian airlines have called on the federal government to review its tax policy for the sector as well as the cost of aviation fuel, in order to reduce cost of flight operations and ensure they remain in business. The operators said…
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The board and management of Seplat Petroleum Development Company Plc have assured shareholders that the growth in the operations of the leading indigenous oil and gas company will lead to increased dividend payouts and share price…
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The Programme Manager for the Nigeria Gas Flare Commercialisation Programme (NGFCP), Mr. Justice Derefaka, has disclosed that a market analysis carried on the NGFCP by the International Finance Corporation (IFC) of the World Bank showed…
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