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Nigeria to keep oil-for-fuel swap for at least three more years

Bloomberg Nigeria will continue swapping crude for fuel for at least three more years because its refineries are still not fully operational. Africa’s biggest oil producer, which previously had a goal of revamping the plants by this year, will persist with an annual swap program until the refineries are fixed by 2023, Mele Kyari, the state oil company’s new managing ...

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Australia backs plan to convert biogas from waste into hydrogen

Bloomberg The world’s first project to turn biogas from sewage into hydrogen and graphite has received backing from the Australian government as part of the nation’s efforts to develop hydrogen as a clean alternative fuel source. The Australian Renewable Energy Agency granted conditional approval for up to $6.3mn in funding for the 100 ton per annum project, which uses technology ...

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Cox & Kings mulls European hotel chain sale

Bloomberg Cox & Kings Ltd, the Indian travel company, is exploring a potential sale of European hospitality chain Meininger Hotels as it seeks to cut debt, according to people with knowledge of the matter. The company is working with Lazard Ltd to gauge interest from potential suitors for Berlin-based Meininger, said the people, who asked not to be identified because ...

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