Renewable diesel glut hits US refiner profits
– Threatens nascent industry
A rush by U.S. fuel makers to recalibrate their plants to produce renewable diesel has created a supply glut for low-emissions biofuels, hammering profit margins for refiners and threatening to impede a!-->!-->!-->!-->!-->…
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Chevron Puts 6,200BPD Oil Asset On Sale In Nigeria
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, April 25, 2013. Chevron will report earnings on April 26. REUTERS/Mike Blake/File Photo/File Photo
American oil giant Chevron has launched the sale of its stakes in!-->!-->!-->…
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Ogoni youths begin dialogue to resume oil extraction in Ogoniland
Oil Spill
The National Youth Council of Ogoni People (NYCOP) said they have begun the process of multi-stakeholder negotiations on the resumption of oil extraction in Ogoniland.
The group disclosed this during a mega rally organised!-->!-->!-->!-->!-->…
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Senior Official says Corruption Crippling Zimbabwe Economy
For the first time, a senior Zimbabwean official has revealed that corruption costs the country nearly $2 billion annually, severely impacting the economy and ordinary citizens.
The country’s Prosecutor-General, Loice Matanda-Moyo !-->!-->!-->!-->!-->…
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Why Tinubu Govt Should Streamline Taxes, Levies
Ngozi Okonjo-Iweala
The Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has called on the Bola Tinubu-led federal government to streamline its taxes and levies.
Okonjo-Iweala spoke in Abuja at the!-->!-->!-->!-->!-->…
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NNPC Ltd/FIRST E&P Joint Venture Launches ‘IMPACT FIRST Initiative’
L-R: Deputy Manager, External Relations, NNPC Upstream Investment Management Service (NUIMS), Edith Lawson; Executive Director, THE IREDE Foundation, Crystal Chigbu; Programmes Associate, THE IREDE Foundation, Obafemi Ekundayo and Chief!-->…
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Fuel scarcity: NMDPRA seizes 6,000 litres of PMS
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)
The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has taken action against black marketers who engage in illegal activities amid the!-->!-->!-->…
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NIMASA to automate ship registry as stakeholders decry $1trn loss to non-disbursement of CVFF
The Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola has said that the agency priotised the full automation of the Nigerian ship registry and gender inclusion across various aspects of!-->!-->!-->…
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Customs Seize N8.7m Worth Of Petrol En Route Benin Republic
Seized containers
The Western Marine Command of the Nigeria Customs Service (NCS) in Lagos has intercepted two boats laden with 12,500 litres of Premium Motor Spirit (PMS) valued at N8.7 million.
The seizure was found concealed in!-->!-->!-->!-->!-->…
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NCDMB ES Visits Pipe Coating Firms, Pledges Support For Local Capacities
By Saidu Abubakar
The Nigerian Content Development and Monitoring Board (NCDMB) has reassured stakeholders of the industry that oil and gas service companies that have established capacities in the country will continue to enjoy!-->!-->!-->!-->!-->…
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