Valuechain - Nigeria's foremost Online Energy News Platform

The dismal performance of the country’s three refineries, Warri, Port Harcourt and Kaduna refineries, continued, as the refineries posted operating deficit of N8.36 billion in January 2019, according to data released by the Nigerian…
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Waltersmith Petroman Oil Limited, operator of Ibigwe field located in Oil Mining Lease (OML) 16, has indicated it is already working on the development of an additional 25,000 barrel a day (bd) modular refinery few months after it…
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The Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Maikanti Baru, has commended Total Group for delivering Egina Floating Production Storage and Offloading (FPSO) vessel below the budget of $14.9 billion, as…
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US refineries have upped their imports of Iraqi, Nigerian, Brazilian, and Angolan crude oil, with May volumes double that of April levels, data from Refinitiv Eikon showed on Monday. Oil imports from these countries to the United States…
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The Federal Government is seeking compensatory damages in the sum of $1, 092, 040, 000 from oil giants, Shell and Eni, over the controversial Malabu oil deal. It is also seeking compensatory damages in the sum of $3.5 billion for the…
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FG frets as licenses threaten fuel exports projection The projection by the Federal Government that Nigeria would begin fuel export by the end of 2019 is being threatened by imminent failure of 33 modular refinery licensees across the…
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The federal government’s drive to diversify the economy by developing the agricultural sector will be boosted when the Dangote Fertilizer Plant becomes operational. It has been said that the country will be saving a whopping $500…
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Protesters in Nigeria’s Nembe region barricaded the logistics base of oil company Aiteo on Sunday and briefly disrupted its operations, the company said. Aiteo had just reopened its Nembe Creek Trunkline, which exports Bonny Light crude…
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Uncertainties are about unsettling global oil market fundamentals which though currently looking particularly bullish. Events that are threatening the market included the Organization of Petroleum Exporting Countries (OPEC) production…
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Chief Martin Onovo, a petroleum sector technocrat and versatile politician, has taken a look at the recommendation of the International Monetary Fund (IMF) for Nigeria to remove of fuel subsidy, and stated that the organisation’s counsel…
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