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Oil and Gas

88 Energy Limited announced over 1 billion barrels of oil in Alaska

By: Franyi Sarmiento, Ph.D., Inspenet, August 15, 2022.
88 Energy Limited has reported an independently certified maiden prospective resource estimate of 1.03 billion barrels of oil, on a gross average and unrisked basis, for the development of the Icewine East Project in Alaska, in which the company has a 75 percent net operating interest.

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Oil and Gas

Cuba controls oil tanker fire and works to extinguish it completely

By: Franyi Sarmiento, Ph.D., Inspenet, August 12, 2022.
Last Friday, August 5, the impact of a lightning strike on tank 51 of the supertanker terminal in the city of Matanzas, Cuba, caused a fire that spread to the four fuel reservoirs of one of its batteries, which caused a fire of major proportions on the island.

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