Oil and Gas Industry

Climate and Security Issues Force Oil Majors to Leave Nigeria

Equinor, Exxon Mobil, Shell, and other oil majors have sold or are planning to sell their Nigerian assets to local companies.
The divestment trend, which has accelerated in recent years, is attributed to concerns over security in the Niger Delta and a global push towards cleaner energy.
Critics argue that these divestments may not lead to better environmental practices, as local companies taking over might have less stringent emissions controls.

Offshore wind power can help reduce greenhouse gases

All emerging nations, not just our own, struggle with electricity. And the straightforward explanation that
electricity is either not available or not available in accordance with demand, etc., is often given. Scientists
have taken the initiative to develop a new device that uses the temperature differential between the European
deep sea and the surface to create power, in an effort to avert this electrical crisis. They have achieved a
completely sustainable and continuous electricity supply by addressing climate change. For the benefit of the
free market economy, there is a growing demand for and use of alternative fuels, particularly as the cost of
petrol and petroleum goods keeps rising. The concept of utilising gasoline made from alternative energy is
not new. For many reasons, it could not be put into reality. Interest in these alternative power generating
methods is growing as energy prices rise in nations like Germany. They are considering using the heat from
the water to create power. Typically, the sea surface temperature is at least 25 degrees Celsius. In contrast, the
sea’s temperature at a depth of 1000 metres is around 4 degrees Celsius. In other words, there is a temperature
differential of more than 20 degrees between the two levels. According to scientists, this disparity in the
water may be used to produce power.

Guyana: the new oil centre of the world

On the northeastern tip of South America, there are three little countries stacked in a row; anomalies of empire whose imperial histories still have resonance today. Guyana, Suriname and French Guiana. One formerly of the British Empire; one formerly of the Dutch Empire; one still an overseas department of France and all speaking the language that their colonial masters left them. Of these, Guyana, formerly British Guyana and the only English-speaking country in South America, has been in the news lately following a referendum in Venezuela where President Maduro invited Venezuelans to decide if a large chunk of Guyana should, in fact, be Venezuelan. Given the vast oil riches off the coast of Guyana, the referendum unsurprisingly passed. Once the sabre-rattling verbal aggression died down, there was agreement that no one wanted to go to war and that the foreign ministers of each country would negotiate a solution over the next three months.