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They Discovered A Huge Amount Of Water On Mars

Scientists have found evidence that there are huge amounts of water on Mars. Researchers theorize that this is a sign that there may be extraterrestrial life on the Red Planet.

KEY FACTS 

  • Scientists from the University of California, Berkeley and the University of California, San Diego have found evidence of large amounts of water deep below the surface of Mars, according to a peer-reviewed study published in the Proceedings of the National Academy of Sciences.
  • The researchers used seismic data from Martian earthquakes, volcanic tremors and meteorite impacts collected by NASA’s InSight lander. Also used are the mathematical models of rock physics that are used to map underground aquifers and oil deposits on Earth.
  • The water is believed to be between 11.5 and 20 km below the Red Planet’s surface and probably cannot be accessed using currently existing technologies. 
  • However, the researchers say the discovery reveals important details about the history of Mars.

IMPORTANT QUOTE

“Large amounts of water existed on the surface of Mars more than 3 billion years ago. Much of this water is thought to have been trapped in subsurface layers or lost to space. Our results have implications for understanding the Martian water cycle, determining the fate of surface water in the past, searching for past or existing life, and assessing resource utilization for future missions,” the study states.

WHAT HAPPENED TO THE WATER ON MARS

Although Mars is a desert planet today, there is plenty of evidence that there was once plenty of water on the Red Planet’s surface. Most of these claims are supported by studies of the structure of the planet’s surface, where traces of rivers, oceans, and lakes are visible. The composition of the minerals found there also suggests the former presence of water. 

Some water is still found on the surface of Mars – largely locked in minerals in the planet’s crust or frozen in the polar ice caps – but this is only a small fraction of the water that scientists believe flowed to the surface billions of years ago.

Although many scientists believe that Mars’ oceans evaporated into space when the planet lost its atmosphere more than 3 billion years ago, the researchers say their findings show that much of the water was filtered into the crust.

THE BIG NUMBER 

12,262 meters. That’s how deep the Kola ultra-deep borehole is, which is located in Northwestern Russia. It is the deepest man-made hole on Earth. According to the study, this may be the lower limit for the depth of water on Mars. Drilling was halted in the early 1990s and the record has yet to be broken, highlighting the technical challenges.

Competition Authority Launches Comprehensive Review of ExxonMobil Cyprus Acquisition

Investigation Initiated Over Strategic Acquisition

The Competition Protection Authority has commenced a thorough investigation into the acquisition of ExxonMobil Cyprus Limited’s share capital by Petrolina Holdings Public Ltd through Med Energywise Ltd. This inquiry was formally initiated following a session held on 10 September 2025, after an in-depth review of the pertinent report by the Authority’s Service.

Concerns Over Market Compatibility

Authorities have expressed serious concerns regarding the compatibility of the transaction with established competitive practices. The review indicates that the acquisition may affect several critical petroleum markets, both horizontally and vertically, thereby raising the potential for adverse impacts on market dynamics.

Horizontal Market Dynamics

On the horizontal front, potential effects have been identified in the import market for petroleum products, as well as in both wholesale and retail distribution channels of these products. The consolidation is believed to increase the risk of price rises and coordinated actions, given the direct competitive proximity between Petrolina and ExxonMobil.

Vertical and Adjacent Market Implications

Vertical aspects of the merger are also under close scrutiny. The new entity could restrict competitors’ access to critical infrastructure such as storage facilities, supply channels, and customer bases. These restrictions could further affect the onshore distribution of fuels, the wholesale market for lubricants, and specialized technical services connected with fuel station operations.

Local Market Considerations

Particular attention is being paid to the potential concentration in the retail fuel market. The investigation suggests that a reduced competitive landscape within a four-kilometer radius of the companies’ fuel stations could lead to diminished local competition, adversely impacting consumer prices and options.

Next Steps and Industry Impact

The Competition Protection Authority, which reached a unanimous decision to pursue a full investigation, remains open to submissions from parties that might be affected by this transaction, as mandated by current legislation. A final decision is expected within four months upon receipt of all necessary evidence, potentially setting a significant precedent for future market consolidation cases in the energy sector.

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