Valuechain - Nigeria's foremost Online Energy News Platform

Several global investors who have shown interest in investing in the rehabilitation and even building of refineries in Nigeria have been shut out on the back of the Federal Government’s firm stance on securitisation of the funding options…
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Nigeria has begun renegotiating oil contracts with Royal Dutch Shell that could lead to major energy companies generating billions of dollars less in revenues from lucrative offshore blocks in Africa’s largest producer. “We’ll be…
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The Nigerian National Petroleum Corporation (NNPC) says it posted a total of $490.03 million on export sale of crude oil and gas in February 2019, which is 32.45 percent higher than the previous sale in January. The NNPC Group General…
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NNPC’s team deserts site  over insecurity Over N727 billion invested in Chad Basin’s oil search is trapped, as the exploration is stalled, New Telegraph has learnt. The team of explorationists and geologist from Nigeria National…
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Multinational oil giant, Shell Petroleum Development Company Limited (SPDC), has declared that despite pressure from some quarters, it has no intention to resume oil and gas exploration activities in Ogoniland of Rivers State. This is…
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No fewer than 137 pipelines points were vandalised in February which represents a 40 per cent drop when compared to the reported incident in January, according to Nigerian National Petroleum Corporation (NNPC). The corporation made the…
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 …Oil-producing states share N49bn The Department of Petroleum Resources, DPR, received N3.87 billion from the Federation Account Allocation Committee, FAAC, cost of revenue collections in April 2019 According to newly-released…
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The Nigerian National Petroleum Corporation, NNPC, on Tuesday said it remitted a surplus of N41 billion into the Federation Account in 2018. In a statement by the NNPC’s Group General Manager, Group Public Affairs Division, Mr. Ndu…
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…65,000 lose shares to phoney offshore entities…Probe follows last month’s petition to AGF by aggrieved shareholders The Federal Government has launched a probe into how a former Central Bank Governor connived with two serving ministers…
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The National Bureau of Statistics (NBS) on Friday announced that 4.87 billion litres of Premium Motor Spirit (PMS), popularly known as petrol were imported into the country in the first quarter of this year. The NBS made the disclosure…
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