A process for converting alcohol sourced from industrial waste gases into jet or diesel fuel is being scaled up at the US Department of Energy. Two key technologies power the energy-efficient fuel production units, with a new catalyst and microchannel reactors improving efficiency and cost. A single-step chemical conversion streamlines what is
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The 36 state governments will today (Thursday) at the Federation Account and Allocation Committee meeting review the Petroleum Industry Bill, which was signed into law on Monday by the President, Major General Muhammadu Buhari (retd.) A top official of the Federal Ministry of Finance, who confided in one of our correspondents
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Airline operators are concerned over the rising price of aviation fuel otherwise called Jet A1 as it reaches N315 per litre at some airports. Aviation industry experts fear this could trigger a further rise in air fares. Presently, a one hour ticket sells for between N45,000 and N60,000 especially on less
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For decades, Nigeria has attempted to revive its petroleum refineries without success, with billions of dollars going down the drain. Will the federal government’s renewed effort to get the assets to work again be another fruitless exercise or will it yield results this time? Over the years, Nigeria succeeded in grounding
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The Movement for the Survival of Ogoni People (MOSOP) has expressed concerns over two key areas in the recently passed Petroleum Industry Bill (PIB) – the three percent allocation to the Community Trust Fund and the new definition of host communities that include communities pipeline traverse. Consequently, the Group described the
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African nations need to spend about $15.7bn on their refineries to curb emissions and meet climate-change targets as demand for oil and gas surges, an industry lobby group, African Refiners and Distributors Association, has said. The Executive Secretary of ARDA, Anibor Kragha, was quoted by Bloomberg as saying governments on the
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The Organization of the Petroleum Exporting Countries (OPEC) rose from its 19th virtual meeting, comprising both members and non-OPEC members (ONOMM) on Sunday, with a decision to adjust upward their overall production by 0.4 mb/d on a monthly basis starting from August, until phasing out the 5.8 mb/d production adjustment.
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Mr. Eberechukwu Oji, the Managing Director/Chief Executive Officer (MD/CEO) of ND Western Limited, has said that the company’s 10,000 BPD (barrels per day) refinery project in Uturogu, Delta State, will be completed in 2023. The disclosure was made on the sidelines of the Nigeria Oil and Gas Conference & Exhibition (NOG
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The Oil and Gas Service Providers Association of Nigeria (OGSPAN) has urged the federal government not to implement its plan to impose Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG), commonly known as cooking gas. OGSPAN said the planned imposition of VAT on LPG would discourage demand and utilisation of
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The Nigerian National Petroleum Corporation on Wednesday said it was collaborating with law enforcement agencies and other relevant downstream and upstream stakeholders to curb the menace of petroleum products smuggling and crude oil theft. It named the law enforcement agencies to include the Economic and Financial Crimes Commission, Department of State
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