Valuechain - Nigeria's foremost Online Energy News Platform

It is not clear if any record exists of how much gas Nigeria has flared since oil production began in fields in the Niger Delta region around 1956, but it is evident that the practice which is as old as oil production in the country has…
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Tiger Woods produced a scintillating finish to win a fifth Masters title and end an 11-year wait to claim a 15th major. There were raucous celebrations around the 18th green as Woods finished with a two-under-par 70 to win on 13 under,…
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-By Yange Ikyaa To calm the lingering fuel scarcity in the country, the Independent Petroleum Marketers Association of Nigeria (IPMAN), and National Union of Petroleum and Natural Gas Workers (NUPENG), have urged Nigerians to stop…
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-By Yange Ikyaa The Major Oil Marketers Association of Nigeria (MOMAN) on Friday urged Nigerians to stop panicking over fuel scarcity, while assuring the association’s effective distribution of petroleum products across the…
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...Denies any outstanding facilities with bank -By Yange Ikyaa The management of Sahara Energy Resource Limited (Nigeria) has stated that the company has no outstanding facilities with the United Bank for Africa…
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-By Yange Ikyaa The Ibadan Electricity Distribution Company (IBEDC) stated that as part its collaboration with the United States Agency for African Development (USAID) it sponsored the Nigerian Society of Engineers (NSE) Ibadan…
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For a country whose total debt profile has risen to N24.387t, where subsidy for imported petrol stood at N10t between 2006 and 2018, and where the number of poor Nigerians stands at 91 million, while unemployment figure settles at 20.9…
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Nigeria’s oil production increased in March to 1.73 million barrels per day (bpd) despite efforts by Organisation of Petroleum Exporting Countries (OPEC) to hold back output as part of measures to rein in global oversupply and bolster…
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The Department of Petroleum Resources (DPR) says it has sealed 14 fuel service stations in Sokoto and Kebbi states for selling above control price and suspected diversion of products. Mr Muhammad Makera, the Zonal Operations Controller…
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Anti-corruption crusaders have urged the Economic and Financial Crimes’ Commission, EFCC, to seize former Nigerian minister of petroleum, Dan Etete’s $56 million private jets over his connection to the $1.1 billion oil scam deal…
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