Fantabulous and famous place for natural gas and oil gas source is Canada; currently there is huge risk in Canada’s ecosystem since the companies are exploring more, to pioneer in Oil and Gas industries, this was disclosed by the top international oil administrators at Montreal in the World Energy Congress which was held recently.
In the conference Peter Voser, the CEO of Royal Dutch Shell informed the members that there would be a bombastic blooming throughout the world for the necessity of natural gas.
He also mentioned that the recent disaster in the Gulf of Mexico should be taken care and there are many factors that are affected due to this, such as the ground water and the fresh water get contaminated affecting the ambience largely. According to the predictions and hopes of the Peter Voser the demand for the natural gas and oils will be increased around 25 per cent by 2020 and in 2030 there would around 50 percent increase in the demand since there are more countries coming out like China, India etc.
The Oil & Natural Gas Corporation and the Indian Oil stocks are increased to 19,000 crore rupees, this news was declared by the Petroleum Secretary, Mr. S. Sundareshan according to the desires of the Central Government of India. He also cited that huge giant organizations like Paradip refinery to invest around Rs 29,000 crore in the forth coming couple of years and the refining capacity for India will be increased from 185 million metric tonnes to 240 million metric tonnes.
There would be a huge loss for the oil marketing companies since the price of petrol per liter is reduced Rs 1.75 and Rs 200 per cylinder of LPG and Rs. 15 per liter for kerosene. In the second quarter of the year ,the combined loss of the Oil and Gas companies in India like IOC, HCPL and BCPL are nearly Rs 8,000 crore, the price rise of the petroleum products have reduced the loss to Rs. 4,000 crore which is almost 50 percentage. At the end of the year 2011 there will be termination of the shale gas exploration and the technology expected will be complicated and this technology should not be compared with the NELP. He also thanked Reliance Industries, Australia’s BPCL and the initial attempt of North America for their indefatigable efforts for making the Shale gas matter to hit the headlines in the news regularly.
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.
