24/7 Oil and Gas News Coverage
February 29, 2012
ENERGY TECH
Outside View: Rising gas prices and Obama
College Park, Md. (UPI) Feb 28, 2012
When Barack Obama assumed the U.S. presidency, gas prices were less than $2 a gallon. He proceeded to shut down deep-water drilling in the Gulf of Mexico, tightened federal restrictions on petroleum development and vetoed the Keystone XL Pipeline. Now, even with Americans driving not a lot more than three years ago and global growth slowing, gas is nearing $4 a gallon. The liberal theocracy in academia, the media and the Democratic Party leadership relentlessly expound that drilling for oil in ... read more

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ENERGY TECH

Venezuela, China sign deals worth $10 bn
Venezuela and China have signed a raft of new agreements worth some $10 billion, with nearly half earmarked for investment in a joint oil venture, according to Venezuelan officials. ... more
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ENERGY TECH

Nuclear Iran would 'choke' world economy: Israel PM
Israeli Prime Minister Benjamin Netanyahu on Tuesday warned that a nuclear-armed Iran would control the major Gulf oil producers, send energy prices soaring, and "choke" the global economy. ... more
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ENERGY TECH

Chevron claims tribunal support in Ecuador fight
Chevron on Tuesday claimed the backing of an international tribunal in its fight to prevent Ecuador from enforcing a pollution fine against it that could top $18 billion. ... more
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24/7 Energy News Coverage
Amazon takes on iPad with new Kindle Fire tablet

Hong Kong to restrict foreign homebuyers from 2013

US judge OKs partial settlement in e-book case

Nordic-Baltic states seek more cooperation

Outside View: Jobs outlook grim

Empire-style computers? Frenchman takes PCs to lap of luxury

Google-Microsoft field smartphones to take on iPhone 5

EU businesses urge China's new leaders to speed reforms

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ENERGY TECH

China urges Khartoum to resolve S. Sudan crisis
Chinese Vice President Xi Jinping on Tuesday urged Sudan and South Sudan to resolve their differences "at an early date", as Beijing seeks to end a crisis between the two neighbours over oil. ... more
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ENERGY TECH

BP discussing $14 bn settlement: report
BP and lawyers for individuals and companies claiming damages from the massive 2010 Gulf of Mexico oil spill are discussing a possible $14 billion settlement, the Wall Street Journal reported Tuesday. ... more
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ENERGY TECH

TransCanada in new push for US pipeline
TransCanada Corp announced Monday it would go ahead with building part of the controversial Keystone XL oil pipeline between Oklahoma and the Texas coast that does not require US presidential approval. ... more
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BIO FUEL

Green fuel versus black gold
A life cycle assessment of growing crops for fuel as opposed to refining and using fossil fuels has revealed that substitution of gasoline by bioethanol converted from energy crops has considerable ... more
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24/7 News Coverage
Europe's new METimage instrument delivers first ultra-detailed views of Earth
Rare clean room bacterium survives by playing dead UH team finds
Rocket test proves bacteria survive space launch and re-entry unharmed
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ENERGY TECH

Oil sands pollution comparable to a large power plant
It takes a lot of energy to extract heavy, viscous and valuable bitumen from Canada's oil sands and refine it into crude oil. Companies mine some of the sands with multi-story excavators, separate o ... more
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ENERGY TECH

Study: Cheaper gas lowered emissions
Fewer emissions from U.S. power plants in 2009 were the result of cheaper prices of natural gas, reducing the industry's reliance on coal, researchers say. ... more
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ENERGY TECH

TransCanada in new push for US pipeline
TransCanada Corp announced Monday it would go ahead with construction of part of its Keystone XL oil pipeline that does not require US presidential approval, a stretch from the state of Oklahoma to the US Gulf Coast. ... more
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ENERGY TECH

'Xena' actress arrested in New Zealand oil protest
"Xena: Warrior Princess" actress Lucy Lawless was arrested in New Zealand Monday after occupying an oil-drilling ship for three days to protest plans to search for oil off Alaska, Greenpeace said. ... more
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ENERGY TECH

US bolsters defenses in Strait of Hormuz: report
The Pentagon has notified US lawmakers of plans to bolster US defenses in and around the Strait of Hormuz to be prepared for a military response against Iran, a report said Friday. ... more
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BIO FUEL

Biofuel said a sustainable fuel source
Growing crops for fuel as opposed to refining fossil fuels and substituting bioethanol for gasoline is a sustainable energy strategy, Japanese researchers say. ... more
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ENERGY TECH

BP oil spill trial delayed for settlement talks
A blockbuster trial to determine how much BP and its subcontractors owe for the massive 2010 Gulf of Mexico oil spill was delayed a week to allow for more settlement talks, a judge ruled Sunday. ... more
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ENERGY TECH

BP oil spill trial delayed a week
The BP trial in New Orleans to determine how much the British energy giant owes for the massive 2010 Gulf of Mexico oil spill has been delayed a week to allow for more settlement talks, a court order said Sunday. ... more
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AST SpaceMobile and Verizon Partner to Deliver Space-Based Cellular Service Across the U.S.
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ENERGY TECH

Oil prices lower in Asian trade
Oil prices were lower in Asian trade Monday as traders took profits from last week's gains, while concerns over crude producer Iran's nuclear programme remain, analysts said. ... more
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ENERGY TECH

Angola's Sonangol pulling out of Iran
Angola's state oil company Sonangol announced Friday it is withdrawing from a natural gas project in Iran because of international sanctions over Tehran's nuclear programme. ... more
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ENERGY TECH

Japan pledges loans to Iraq amid Iran squeeze
Japan is to offer $530 million in loans to Iraq, in part to help rebuild oil refineries, an official said Friday, as Tokyo seeks to diversify fuel supplies after the tightening of sanctions on Iran. ... more
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ENERGY TECH

'Xena' actress storms ship in New Zealand oil drill protest
"Xena: Warrior Princess" actress Lucy Lawless and a group of Greenpeace activists boarded an oil-drilling ship in New Zealand Friday in a bid to disrupt plans to search for oil off Alaska. ... more
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ENERGY TECH

Offshore Oil and Gas Development in APAC
Global Information would like to present a new market research report, "Offshore Oil and Gas Developments in Asia Pacific - Burgeoning Energy Demand Drives Exploration and Production Activities." ... more
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ENERGY TECH

New study shows no evidence of groundwater contamination from hydraulic fracturing
Hydraulic fracturing of shale formations to extract natural gas has no direct connection to reports of groundwater contamination, based on evidence reviewed in a study released Thursday by the Energ ... more
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ENERGY TECH

Oil rises on rosy economic data, Iran concerns
Oil prices were higher in Asian trade Friday, supported by buoyant economic data from the United States and Germany as well as concerns over Iran's nuclear programme, analysts said. ... more
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ENERGY TECH

China's CNOOC in talks on Uganda refinery: report
Chinese oil giant CNOOC is negotiating with Uganda to invest in the African country's first oil refinery, state media said Thursday, as Beijing ramps up investment in the resource-rich continent. ... more
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Military Space News, Nuclear Weapons, Missile Defense
EU 'must respond' to Russia's 'hybrid warfare': von der Leyen
EU wants key sectors to use made-in-Europe AI
Japan's Takaichi may skip visit to Tokyo war shrine: reports
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ENERGY TECH

Oil prices lower on weak Europe, China data
Oil prices were lower in Asian trade Thursday, weighed by weak economic data from Europe and China, as well as an increase in US crude stockpiles indicating faltering demand. ... more
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ENERGY TECH

Arctic micro-organisms may hold key to dealing with oil spills in the North
Marcel Babin, Canada Excellence Research Chair in Remote Sensing of Canada's New Arctic Frontier at the Universite Laval, will be discussing his research on the effects of environmental changes in t ... more
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ENERGY TECH

Deepwater Horizon disaster could have billion dollar impact
The Deepwater Horizon oil spill in the Gulf of Mexico in April 2010 will have a large economic impact on the U.S. Gulf fisheries. A new study published in the Canadian Journal of Fisheries and Aquat ... more
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ENERGY TECH

Oil prices surge with Middle East tensions
World oil prices surged to new nine-month highs on Thursday amid growing tensions over Iran's nuclear program and the Syrian government's deadly crackdown on the opposition. ... more
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ENERGY TECH

EU-Canada row over tar sands set to rumble
A fierce row over EU moves to label oil from Canada's massive tar sands reserves as highly polluting looked set to deepen when talks between experts from the 27-nation bloc ended in stalemate Thursday. ... more
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ENERGY TECH

Sudan accuses South Sudan of plot
Sudanese presidential assistant Nafie Ali Nafie has accused South Sudan's negotiators of scheming to overthrow Sudan's government. ... more
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ENERGY TECH

High oil prices test US economy, Obama
A jump in gasoline prices is threatening to smother the flickering flames of the US economic recovery and with them President Barack Obama's hopes of retaining the White House. ... more
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ENERGY TECH

Ecuador court rejects Chevron arbitration ruling
A court in Ecuador has flatly rejected a call by arbitrators to give Chevron temporary protection from a $9.5 billion pollution ruling, but will allow the US oil giant to appeal to the supreme court. ... more
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