Micronesia oil and gas tenders

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Petroleum, also known as crude oil and oil, is a naturally occurring, yellowish-black liquid found in geological formations. It is commonly refined into various fuels and chemicals. Components of petroleum are separated by means of distillation. Petroleum mainly consists of hydrocarbons as well as traces of other organic compounds. The name petroleum covers both naturally occurring unprocessed crude oil and petroleum products that are made up of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Fuel oil (also known as heavy oil, marine fuel, bunker, furnace oil, or gasoil) is a fraction obtained from the distillation of petroleum (crude oil). It includes distillates (the lighter fractions) and residues (the heavier fractions). Oil has many uses; it heats homes and businesses and fuels trucks, ships, and some cars. A small amount of electricity is produced by diesel, but it is more polluting and more expensive than natural gas. It is often used as a backup fuel for peaking power plants in case the supply of natural gas is interrupted or as the main fuel for small electrical generators.

Micronesia is a subregion of Oceania, consisting of about two thousand small islands in the western Pacific Ocean. The region has a tropical marine climate and is part of the Oceanian realm. It includes four main archipelagos—the Caroline Islands, the Gilbert Islands, the Mariana Islands, and the Marshall Islands—as well as numerous islands that are not part of any archipelago. Nationally, the primary income is the sale of fishing rights to foreign nations that harvest tuna using huge purse seiners. A few Japanese long liners still ply the waters. The crews aboard fishing fleets contribute little to the local economy since their ships typically set sail loaded with stores and provisions that are cheaper than local goods. Additional money comes in from government grants, mostly from the United States and the $150 million the US paid into a trust fund for reparations of residents of Bikini Atoll that had to move after nuclear testing. Few mineral deposits worth exploiting exist, except for some high-grade phosphate, especially on Nauru. The tourist industry consists mainly of scuba divers that come to see the coral reefs, do wall dives and visit sunken ships from WWII. Major stops for scuba divers in approximate order are Palau, Chuuk, Yap and Pohnpei. Some private yacht owners visit the area for months or years at a time. Copra production used to be a more significant source of income, however, world prices have dropped in part to large palm plantations that are now planted in places like Borneo. Countries in Micronesia - Guam, Kiribati, Marshall Islands, Micronesia (Federated States of), Nauru, Northern Mariana Islands, Palau, and United States Minor Outlying Islands.