Oil

Deepwater Sharks Are Threatened by Demand for Liver OilOne in seven species of deepwater sharks and rays is threatened with extinction because of the liver oil and meat trade and emerging fishing technologies that make it possible to catch deep-sea fishesBy David ShiffmanA bluntnose sixgill shark (Hexanchus griseus) off Puget Sound. The surging market for shark liver oil, found in products ranging from dietary supplements to cosmetics, is posing a major threat to deepwater shark species—those that dwell in the inky black…

Earlier this week, a new satellite launched to track methane as it emanates from oil and gas fields across the world, hoping to expose major producers of the greenhouse pollutant and hold them accountable for their commitment to lower emissions.Prime Day Ain't That 'Green'MethaneSAT launched on board a SpaceX Falcon 9 rocket on Monday as part of the Transporter-10 rideshare mission, along with 52 other payloads. The emissions monitor is designed to detect methane from 300 targets worldwide, which account for 80% of global…

Tullow Oil reported a 78% fall in profit for 2023, hit by impairments and write-offs totaling $435 million, but backed its output guidance for the year ahead. Tullow Oil reported a 78% fall in profit for 2023, hit by impairments and write-offs totaling $435 million, but backed its output guidance for the year ahead. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary…

To revitalise Nigeria’s oil and gas sector, President Bola Tinubu on Wednesday signed executive orders aimed at attracting investments, optimising resources, and diversifying the nation’s economy. Nigeria, as Africa’s largest oil producer, has long sought to leverage its vast oil and gas resources for economic development. However, challenges such as bureaucratic bottlenecks, contracting delays, and low local participation have hindered the sector’s full potential. According to a statement by Special Adviser on…

The land Cindy and Ronald McCormick bought for their “forever” home in the rolling hills of eastern Adams County came with a stunning view of the Front Range. It also came with an out-of-service oil well, an open pit, aging storage tanks, a dilapidated shed and a broken promise from a company to clean it all up. After learning that the company, Painted Pegasus Petroleum, went bankrupt, leaving nearly 200 wells across the county for others to take care of, the McCormicks decided to join a lawsuit seeking damages. The…

Dangote Refinery will establish an oil trading unit that will help source feedstock for its 650,000 barrels per day plant on the outskirts of Lagos, Reuters reported on Tuesday, citing sources. The oil trading arm, likely to be situated in London, takes away the need to hire commodity traders for crude supply and related services, which could help scale back costs. While it could soften spending pressure for a refinery just starting to find its feet in crude oil processing, it is a blow to big names like Vitol…

Photo: Tesla Without EVs, solar, wind, and nuclear, the global rise in emissions in the last five years would have been three times larger, new International Energy Agency (IEA) analysis shows. The new findings come from the IEA’s annual update on global energy-related CO2 emissions and the just-released inaugural edition of the IEA’s new series, the Clean Energy Market Monitor, which will track clean energy deployment and broadly outline the implications for global energy markets.…

The 2024 Nigeria Oil and Gas Industry Games’ football competition has reached the semi-final stage, with the teams confirmed following Friday’s quarter-final matches held at the Shell Residential Area Football Pitch in Port Harcourt. In a tightly contested opening match, Nigeria LNG Limited (NLNG) emerged victorious over Petroleum Training Institute (PTI) after a penalty shootout (4-2) following a scoreless draw in regulation time. NLNG coach, Dan Jumbo, expressed frustration with PTI’s tactics, claiming they…

The quarterfinal matches of the 2024 Nigeria Oil and Gas Industry Games preliminaries will be held on Friday at the Shell Residential Area, Port Harcourt. After winning Group 1 with maximum points, the defending champions of the football event of the Nigeria Oil and Gas Industry Games, NNPCL will open the knockout rounds of the preliminaries with a clash against TotalEnergies, who finished as runners-up in Group 3. The other match that will also be held simultaneously is that between NMDPRA and ExxonMobil.…

The Nigerian government on Tuesday said international oil companies (IOCs) are not leaving the country but only shifting their portfolio and further investments to deep offshore. Nigeria’s Minister for State, Petroleum Resources (Oil), Heineken Lokpobiri, disclosed this at the opening ceremony of the 7th edition of the Nigeria International Energy Summit (NIES 2024) held at the presidential banquet hall in Abuja on Tuesday. “I want to use this opportunity to assure everyone that no IOC is leaving Nigeria. They…