24/7 Oil and Gas News Coverage
March 07, 2012
BIO FUEL
Is Seaweed the Future of Biofuel
Tel Aviv, Israel (SPX) Mar 07, 2012
As scientists continue the hunt for energy sources that are safer, cleaner alternatives to fossil fuel, an ever-increasing amount of valuable farmland is being used to produce bioethanol, a source of transportation fuel. And while land-bound sources are renewable, economists and ecologists fear that diverting crops to produce fuel will limit food resources and drive up costs. Now, Prof. Avigdor Abelson of Tel Aviv University's Department of Zoology and the new Renewable Energy Center, and his coll ... read more

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ENERGY TECH

South Korea clinches Emirates oil deal
South Korea has signed a deal to develop three oil fields in the United Arab Emirates. ... more
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Oil prices slide on eurozone worries, easing Iran tension
Oil prices slid on Tuesday, mirroring heavy losses on European equity markets in the wake of weak eurozone economic data and amid an easing of tensions over the Iran nuclear crisis, traders said. ... more
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Oil prices mixed as Iran risks weigh
Oil prices were mixed in Asian trade Tuesday as traders weighed geopolitical tensions over crude producer Iran's nuclear programme and weak economic data from Europe and China. ... more
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Sudan's warning shots as oil crisis talks with South resume
It is a sight the South Sudanese hoped had gone for good: twisted metal shards embedded in thigh-deep bomb craters left by an airstrike blamed on former foes in neighbouring Sudan. ... more
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Former British defence chief blasts 'duplicitous' French
Britain's defence chief during the Falklands War accused the French of being "duplicitous" after a BBC probe aired on Monday revealed that Paris knew a French technical team was in Argentina during the conflict. ... more
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Use of microfluidic chips a first in bitumen-gas analysis
University of Toronto research team has developed a process to analyze the behavior of bitumen in reservoirs using a microfluidic chip, a tool commonly associated with the field of medical diagnosti ... more
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Gasoline worse than diesel when it comes to some types of air pollution
The exhaust fumes from gasoline vehicles contribute more to the production of a specific type of air pollution-secondary organic aerosols (SOA)-than those from diesel vehicles, according to a new st ... more
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Listening for gas bubbles
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Oil prices up in Asian trade
Oil prices rose in Asian trade Monday on prospects for stronger US economic growth and jitters sparked by sabre-rattling over crude producer Iran's nuclear programme, analysts said. ... more
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Iraq says oil output tops 3 million bpd
Iraq's oil production is now over three million barrels per day (bpd), the country's deputy prime minister for energy affairs said in Baghdad on Monday. ... more
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Malaysia's Petronas denies South Sudan oil theft claim
Malaysian state-owned oil giant Petronas Monday denied any knowledge of alleged oil theft by the consortium it belongs to which is in the middle of a bitter dispute between Sudan and South Sudan. ... more
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BP settlement over US spill will not end legal drama
Oil giant BP's agreement of a $7.8 billion settlement for victims of the 2010 Gulf of Mexico oil spill will not end its legal headaches or erase the disaster for some US southern coast residents. ... more
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China, Taiwan slam Japan over disputed islands
China and Taiwan on Saturday criticised Japan for giving Japanese names to disputed islands in the East China Sea claimed by all three parties in a long-running diplomatic row. ... more
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ENERGY TECH

Oil prices drop as China cuts growth estimate
World oil prices retreated on Monday in line with most commodity markets as China, the world's biggest energy consumer, slashed its growth forecast, analysts said. ... more
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India business team to visit Iran next week: export group
An Indian trade delegation will travel to Iran next week to explore "huge opportunities" created by US-led sanctions over the Islamic republic's disputed nuclear programme, an export group says. ... more
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BIO FUEL

Meeting biofuel production targets could change agricultural lands
Almost 80 percent of current farmland in the U.S. would have to be devoted to raising corn for ethanol production in order to meet current biofuel production targets with existing technology, a new ... more
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ENERGY TECH

Gazprom 'mulls joining Israel's gas boom'
Russia's Gazprom, the world's biggest energy conglomerate, is reportedly sending top executives to Israel to discuss a partnership in the country's offshore gas fields, a move likely to heighten tension over an energy bonanza in the eastern Mediterranean. ... more
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ENERGY TECH

Canadian oil sands majors form alliance
Major producers of Canada's controversial oil sands have formed an alliance aimed at addressing environmental challenges. ... more
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ENERGY TECH

Kenya launches huge port project
Kenya launched the construction of a massive port, railway and refinery Friday near a UNESCO-listed Indian Ocean island in a project it bills as the biggest ever in an African nation. ... more
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ENERGY TECH

Reduction in U.S. carbon emissions attributed to cheaper natural gas
In 2009, when the United States fell into economic recession, greenhouse gas emissions also fell, by 6.59 percent relative to 2008. In the power sector, however, the recession was not the main cause ... more
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Pristine Norwegian fishing area divided on prospect of oil
Looking for oil outside your front door may sound exciting, but in the idyllic Arctic archipelago of Lofoten, one of Norway's best fishing areas, the prospect of the black gold has sparked heated debate. ... more
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BIO FUEL

Cool Planet BioFuels Announces a Major Advance in Renewable Cellulosic Gasoline
Cool Planet BioFuels has announced that it has made a major breakthrough in converting biomass to gasoline. The Company achieved 4,000 gallons/acre biomass to gasoline conversion in pilot testing us ... more
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BIO FUEL

OriginOil Study Concludes Algae Producers Can Make Gasoline and Diesel
OriginOil has announced a new company study indicating for the first time that algae producers worldwide can now make transportation fuels cost-effectively themselves. The Company's analysis points ... more
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BIO FUEL

Sapphire Energy to License Earthrise Nutritionals' Spirulina
Sapphire Energy has announced it has entered into a licensing agreement with Earthrise Nutritionals LLC, a producer of spirulina and spirulina-based products for over 25 years. Sapphire Energy will ... more
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BIO FUEL

American Palm Oil Council Discusses Palm Oil Industry's Impact on Malaysian Ecosystem
A number of environmental groups have unfairly and inaccurately misled the public about the palm oil industry's positive efforts to minimize environmental impact and maintain animal habitats, especi ... more
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BIO FUEL

ZeaChem Signs Contract to Develop "Drop-In" Advanced Biofuels
ZeaChem has announced that it has successfully completed contract negotiations to receive its portion of a $40 million grant from USDA's National Institute of Food and Agriculture (NIFA) through the ... more
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ENERGY TECH

China disputes Philippine's oil blocks
The Philippines' invitation to foreign investors to explore 15 petroleum blocks in the disputed South China Sea has sparked anger from China. ... more
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US denounces Sudanese air strikes in South Sudan
The United States on Thursday denounced as "unacceptable" reported Sudanese government air strikes inside the territory of the new state of South Sudan. ... more
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Tycoon Pickens wants US off foreign oil
Tycoon T. Boone Pickens on Wednesday took his case against foreign oil to a prestigious TED conference known for backing ways to break the world's addiction to fossil fuels. ... more
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ENERGY TECH

Oil prices soar on Iran tensions, upbeat US, China data
Oil prices surged higher Thursday amid tensions over major crude exporter Iran and in the wake of positive Chinese and US economic data. ... more
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BIO FUEL

Iowa State, Ames Lab chemists aid study of mutated plants that may be better for biofuels
Genetic mutations to cellulose in plants could improve the conversion of cellulosic biomass into biofuels, according to a research team that included two Iowa State University chemists. The te ... more
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