Valuechain - Nigeria's foremost Online Energy News Platform

The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, on Wednesday in Abuja allayed fears over the oil price benchmark for the 2019 budget. There have been concerns by stakeholders that the 60-dollars-per-barrel projection…
Read More...

Axxela Limited has officially commissioned its Greater Lagos IV (GLIV) gas pipeline network and the newly renovated Elegbata Sports Complex. Greater Lagos IV (GLIV) is Axxela’s gas pipeline network, developed by its Gaslink Nigeria…
Read More...

The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has said the enormous natural gas reserves in Africa is capable of unlocking the huge natural resource potentials, such as gold, diamond, iron…
Read More...

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has pledged to encourage the corporation’s workforce to engage in sports to boost their productivity and healthy living condition. Dr.…
Read More...

The Federal Executive Council (FEC), has approved a memorandum from the Minister of State (Petroleum), Ibe Kachikwu, for the design of a new head office for the Department of Petroleum Resources (DPR). The design for the proposed…
Read More...

The price of OPEC basket of fourteen crudes stood at $67.03 a barrel on Tuesday, compared with $66.19 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up…
Read More...

• Seek paradigm shift as contribution to GDP shrinks The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday said $48billion oil and gas investment opportunities have been identified in…
Read More...

May loading worsens country’s sale overhang Over 20 cargo-loads of Nigeria’s crude oil, last weekend, suffered bearish sale unsold over worsening buyers’ apathy, forcing Nigeria to keep the April official selling price (OSP) for the…
Read More...

*April cargoes clearing up at market Nigeria’s crude grades may rise above $2 per barrel above dated Brent in May, according to market schedule for May seen by SweetcrudeReports. According to schedule, Exxon Mobil is already offering…
Read More...

Nigeria’s oil space dotted by bickering between oil firms and their host communities is worsened by dearth of host community bill. NewTelegraphng.com examines how the World’s biggest single-unit Dangote Refinery copes with this impediment:…
Read More...