The Red Diesel Suppliers

Care to Be Taken During Red Diesel Storage

In order to provide certain advantages to commercial business owners, the government has introduced red diesel as a cheaper alternative to regular fuel. Red diesel suppliers will be providing you this fuel weekly or monthly depending upon the size of your business and your consumption level. As you won’t be getting the red diesel supply daily, it is important that you take adequate care to store this fuel so that it doesn’t go bad and harm the vehicles or heating More

Light Crude Oil: An Overview

Light crude can also be called liquid petroleum with low viscosity, high API gravity and low specific gravity. The reason for its low viscosity, raised API gravity and low specific gravity is that it contains a More

2011 Crude Oil Demand Forecast Raised By OPEC

May be you should have your Vita Coco before you read this. In early January 2011, the Organization of Petroleum Exporting Countries (OPEC) increased its forecast for crude oil demand for the year. This increased forecast is based on data indicating increased global economic recovery.

According to their January 2011 monthly report, available from their official website, www.opec.org, the new forecasted total world demand for oil is averaged at 87.3 million barrels More

Are you fit for a career in the gas and oil industry?

Do you know that in most parts of the world the gas oil industry is facing acute problem simply because there is a great shortage for well trained personnel. As a result of this there are a large number of vacancies, which are not being filled up after the retirement of the employees. This problem is a direct result of the unfortunate downturn that occurred in the 1980s.

The present age of the average gas and oil worker is about More

The Moroccan Factor

The activity in the Western Sahara region where reports mentioned finding of hydrocarbon reserves is not a very reliable one. Morocco had granted contracts to the Toil and Kerr-McGee company for exploring for oil reserves. This had angered Premier Oil and Sterling Energy who had held the licence from the Policario government. The government had therefore invited 12 firms for offshore exploration in the Western Sahara region. Two of these firms were the Premier Oil and Sterling Energy. Given this More

Cost of petrol set to soar once more

The price of petrol in the UK is expected to hit a record high, according to predictions by motoring experts. The soaring cost of oil and fuel, combined with reports that oil giants and petrol stations have been profiteering from the recent increase in demand are responsible for the rise.

It was found that some petrol retailers in Scotland had been profiting from charging higher prices during the severe winter weather, which led to More

Shell Exonerated by the UN in Niger Delta Pollution

The United Nations carried on thorough investigations for the last three years, and their conclusion is that top oil provider Shell has been excused from guilt regarding the good old problem of pollution in the Niger Delta. Certainly this gave way to many frustrated opinions and the people will not stop asking for compensation from the oil giant, on grounds that for the last 40 years oil spills have created high pollution in the area. Royal Dutch Shell supported the costs for the entire investigation process, which was a total of $10 million. The final report of the UN stated that Shell is responsible for less then 10% of oil leakage coming from failures in the equipment system (e.g. broken pipes). So gas and oil suppliers need no longer worry about another source drying up.

The rest of the guilt should be shifted to the inhabitants who over the years were illegally taking oil from the pipelines and damaging these, reports the UN. Just as with so many socio-political factors going on and so many unsolved important matters, this statement from the UN had most of the people enraged as well. In the Niger Delta, there are currently active more than 600 oil fields, which are active since decades. This issue had as direct response the fact that there are many rural communities where there is no clean drinking water, due to the pollution. More than that, it is statistically proven that people from those communities have an average life expectancy of 42 years.

Certainly environmental groups, Amnesty International and other high profile non-profit organizations stand up against the major oil provider, accusing it of disastrous pollution. The battle is by far over, keeping in mind that Shell started its operations in Ogoniland more than 50 years ago so this is not a fresh social and political issue. Amnesty International referred to the case as being an attack on human rights, which needs an immediate solution.

BP oil spill is ‘dead’

US authorities have finally declared that the Macendo well off the Gulf Coast is ‘effectively dead. This concludes one of the most devastating oil crises in living memory and puts an end to a 5 million barrel oil leak.

US president Barack Obama hailed the news as a milestone in the government’s response to the oil spill, however he reiterated that it would take a great deal of time for the Gulf of Mexico to recover from the disaster. No More

Chevron Accused Of Dumping Oil in the Amazon

Chevron faces a legal battle and possible fines amounting to $16 billion in Ecuador and not many legal battles have been more murky and toxic than the one that has been fought for half a decade in the courtroom of Ecuador’s rain forest. The lawsuit initially started when a group of US trial lawyers accused the industrial giant Chevron of dumping gallons of toxic oil waste into the rivers and the streams located in the region. This has been called More

Iraq oil moves may constitute Iran sanctions violation

Earlier in July Obama signed a law which upgraded sanctions against the Iranian government, a response to its growing nuclear program. It is likely that Iraq will have violated American sanctions if it continues to press ahead with a number of new oil and gas plans with neighbouring Iran. The United States policy has been quite clear since the middle of the 1990s, which is that any company or business that decides to do business deals with Iran risks losing More