Valuechain - Nigeria's foremost Online Energy News Platform

A total of 37 well drilling proposals have been approved by the Department of Petroleum Resources and they are to increase Nigeria’s crude oil production by 189,850 barrels per day. It was gathered that out of the 37 wells, 29 were…
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Nigeria, Africa’s biggest crude exporter, slashed a total of 1.484 million barrels of crude in the 28 days of February, a Federal Government statement says. It maintained that this production slash was achieved through 53,000 barrels…
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Normal crude oil export operations were restored, March 7, on the 150,000 barrels per day Nembe Creek Trunk Line (NCTL) following the plugging of a leak which resulted in the shutdown of the facility on February 28. A spokesperson for…
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The United States cut its imports of Nigerian crude oil by 48.87 million barrels or 43 per cent in 2018, according to the latest data released by the Energy Information Administration. The US imports of Nigerian crude fell to 64.06…
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Nigeria is struggling to generate commitment from prospective investors able to monetise gas resources currently wasted at 180 gas flaring sites across the nation where some 800 million cubic feet of associated gas goes up in smoke every…
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The government partner of the Shell Nigeria Exploration and Production Company (SNEPCo) has showered encomiums on the firm for its pioneering role in the deep-water sector of the Nigerian oil and gas industry. Group Managing Director of…
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Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company, listed on both the Nigerian Stock Exchange and London Stock Exchange, has announced its full year 2018 financial results and provides an…
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• $9bn judgment Debt: UK firm deepens move to seize Nigeria’s assets in US, UK Agency reports An Arbitral Tribunal sitting at the Lagos Court of Arbitration has awarded the federal government a whopping $1.69bn in a dispute…
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The insurance sector in the past ten years (2008-2017), recorded the highest cumulative average growth rate of 13.9 per cent in oil and gas business. But between 2015 and 2017, the sector recorded the highest growth of 40.9 per…
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The Nigerian Trawler Owners’ Association (NITOA) and the Nigeria Liquefied Natural Gas (NLNG), have clashed over a burnt fishing trawler, MV Orc iv that was gutted by fire off Bonny channel, Rivers State recently. Speaking with…
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