Valuechain - Nigeria's foremost Online Energy News Platform

The Federal Government has signed a Memorandum of Understanding (MoU) with Axxela Limited to provide energy solution for investors in Onne and Ikpokiri oil and gas free zones. The transaction was executed by Free Zone…
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A Federal High Court yesterday in Lagos, adjourned until June 19, hearing in a debt recovery suit filed by the Federal Government, against Shell Western Supply & Trading Ltd, over alleged 406.7 million dollars shortfall in Crude…
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Nigeria’s three dormant refineries have cost the country about N8 billion after failing to meet operational capacity. The country’s failure to attain 90% self-sufficiency in oil refining could deny Ibe Kachikwu a second term as the…
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Over three months after the Nigerian National Petroleum Corporation (NNPC) started drilling activities at the spud-in of Kolmani River-II Well in Gongola Basin in Bauchi, petroleum industry stakeholders have expressed divergent views over…
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Oil prices rose by more than 1% on Thursday, recovering from a near five-month low in the previous session but sentiment stayed weak due to rising U.S. supply and a stalling global economy. Benchmark Brent crude was at $61.30 a barrel…
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Over three months after the Nigerian National Petroleum Corporation (NNPC) started drilling activities at the spud-in of Kolmani River-II Well in Gongola Basin in Bauchi, petroleum industry stakeholders have expressed divergent views over…
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The Department of Petroleum Resources, DPR, has revoked the oil mining licences, OML, granted five companies. DPR also revoked one oil prospecting licences, OPL. The revocation of oil licences was contained in a public notice issued…
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The German Government, with support from the Bill and Mellinda Gates Foundation, has provided two million Euros for implementation of the second phase of the Competitive African Rice Initiative (CARI) in the country. The Programme…
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...despite having world’s 9th largest reserves Nigeria imported 146.14m litres of gas representing 47% of total national consumption during the first three months of 2019 from the US and five other countries despite the nation having…
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Suspected sea pirates, Monday, attacked seafarers travelling on Port Harcourt-Bille waterways in Akuku-Toru Local Government Area of Rivers State, injuring scores of passengers and robbing them of money, goods worth millions of naira,…
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