Oil wells in the Gulf of Mexico region which is unused for the last five years should be examined and demolished; this decision was declared by the management of Barack Obama.
This current plan of the management is to provide excess opportunities for jobs and it will reduce the risks of Oil leakages and the bursts that are caused in the Oil wells, this was welcomed by most of the people.
After the large turmoil, the first deal for exploring oil was successful in the market for Yuli Ofer; it has currently purchased around ten percent of the drilling license of Sarit for the Ashdod from Lapidoth Heletz from Luxenburg. The latest declarations made by the Shamir Investments Swing articulates that, the Ofer will pay around $400,000 for the production of oil , Oil wells which are drilled, the condition of the Ashdod 3A well and for its licensing. Recently the stocks of Moshe Hershberg were purchased by Sefen Industries and Investments, managed by Aaron Cohen for 1.67 million, these stocks was bought recently bought by Moshe Hershberg at $300,000.
Nigeria has lost around $100 billion in the Oil investments and Gas investments for the last five years and the Federal Government has determined to rejuvenate the complete petroleum industry and to reconstitute the fiscal regime. Nigeria’s failure in Oil investment and Gas investments was caused by to the comfortless attitude of the business peoples and the Petroleum Industry Bill, this news was articulated by the Ms. Ann Pickard, Vice-President of the Africa’s Production and exploring companies. This was accepted by the Federal Government and several studies and an examination took place to find a resolution for this issue and was ended by making around 56 changes was done in the reaction proposed by Oil Producer Trade Section.
Dr. Emmanuel Egbogah, the Special Adviser for the President on the Petroleum issue was addressing the business tycoon in Lagos at the Petroleum Club, mentioned that the Petroleum Industry Bill was revised and it is submitted to National Assembly for their approval. House of Representatives and the Senate were assembled for enactment of the revised Petroleum Industry Bill and the Federal Government will take necessary measures for the development in the Oil and Gas industry.
Brazilian central bank declared that, around $367 million is invested by the China’s largest offshore explorer of oil and natural gas, Cnooc Ltd., and this may lead more direct investment and enhancement of the raw materials in Britain. Brazil is the leading manufacturer of coffee and sugar and the second biggest in the of soybeans production.
The Clean energy Investment from the leading countries
In China, the stocks of the solar energy in the Chinese Stock Market are blazing in the recent times, but the gasoline stocks doesn’t seems to be much bullish when compared to the solar energy stocks. The vital part is the Chinese stock trading is that, the traders are purchasing the stock in large quantity and most of them are more focused on the solar stocks.
Natural gas and Oil well News across the United Kingdom
The natural gas revolution has just embarked on in the United Kingdom; the Cuadrilla Resources started its drilling venture sited at the Blackpool tower, the Blackpool tower is four miles away from the Cuadrilla Resources. An examination is performed and a comparison is done between the geological reports of the Dorset and the Isle of Wight with the large yielding Barnett shale, of the Texas.
Oil and gas wells ventures across the world
The crude oil production interest is increased around 38075 barrels per day is yielded from 976 Million Cubic Feet; this statistics was given by the Oil & Gas Development Company Limited recently. In the 13th Annual General Meeting for the stockholders, Imtiaz Kazi the Chairman for the Board of Directors of the Oil & Gas Development Company Limited and the Secretary of the Petroleum & Natural Resources presented the account statement of the company for the financial year 2009 and 2010.
