24/7 Oil and Gas News Coverage
March 23, 2012
ENERGY TECH
Study finds room to store CO2 underground
Boston MA (SPX) Mar 23, 2012
A new study by researchers at MIT shows that there is enough capacity in deep saline aquifers in the United States to store at least a century's worth of carbon dioxide emissions from the nation's coal-fired powerplants. Though questions remain about the economics of systems to capture and store such gases, this study addresses a major issue that has overshadowed such proposals. The MIT team's analysis - led by Ruben Juanes, the ARCO Associate Professor in Energy Studies in the Department of Civil ... read more

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ENERGY TECH

Iraq ascendant as power shifts in OPEC
Amid the threats to global oil supplies caused by the Persian Gulf confrontation between the United States and Iran, the longtime oil-power rivalry between the Islamic Republic and a resurgent Iraq is mounting. ... more
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ENERGY TECH

Croatia joins EU oil embargo against Iran
Future European Union member state Croatia announced Thursday that it had joined the bloc's embargo of Iranian oil. ... more
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ENERGY TECH

Lukoil, Samsung in deal to up Iraq output
Lukoil signed a $1 billion deal with South Korea's Samsung Engineering on Thursday to develop Iraq's second-biggest oil field, in which the Russian energy giant has a majority stake. ... 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

Romania sees shale gas as boon despite controversy
Romania is looking to exploit shale gas reserves in a drive for energy self-sufficiency, but critics organising demonstrations on Thursday warn of big risks for the environment. ... more
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ENERGY TECH

Vietnam, China in new spat over fishermen detentions
China said Thursday the detention of two Vietnamese fishing boats and 21 crew near the disputed Paracel Islands was lawful, after Hanoi demanded their "immediate and unconditional" release. ... more
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ENERGY TECH

Oil prices tumble on weak Chinese data
World oil prices tumbled Thursday in reaction to weak Chinese economic data and after France said industrialised countries were considering the release of crude stockpiles, analysts said. ... more
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ENERGY TECH

Chevron accused of 'environmental crime' in Brazil
Federal prosecutors in Rio de Janeiro on Wednesday accused US oil giant Chevron and 17 executives of "environmental crime" in connection with a major spill off southeastern Brazil last November. ... more
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24/7 News Coverage
No peace: Trump's smoldering Nobel obsession
Virtual Jesus? People of faith divided as AI enters religion
New species of poisonous frog discovered in Amazon; Snakebite surge as Bangladesh hit by floods
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ENERGY TECH

Vietnam asks China to release 21 fishermen
Vietnam has asked China to immediately release two Vietnamese boats and 21 crew detained more than two weeks ago while fishing near the disputed Paracel Islands, the foreign ministry said. ... more
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CAR TECH

Three-cylinder cars coming to U.S.
U.S. automakers say new cars with three-cylinder engines can give better gas mileage with the same power as the four-cylinder compact sedans Americans buy now. ... more
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AEROSPACE

A biplane to break the sound barrier
For 27 years, the Concorde provided its passengers with a rare luxury: time saved. For a pricey fare, the sleek supersonic jet ferried its ticketholders from New York to Paris in a mere three-and-a- ... more
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ENERGY TECH

Argentina, Spain row over oil firm worsens
Argentina has upped the stakes in a row with the country's biggest energy company that threatens to go beyond a business dispute and become a political confrontation with Spain. ... more
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AEROSPACE

Aviation driving growth in Latin America
Growth in aviation and related security business is driving economic growth in Latin America and the Caribbean where it has created more than 4 million jobs and contributed $107 billion to national earnings, a report said. ... more
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ENERGY TECH

Shell signs contract for China shale gas
Oil giant Royal Dutch Shell signed a production-sharing contract with state-controlled China National Petroleum Corp. to explore, develop and produce shale gas in China. ... more
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BIO FUEL

First complete full genetic map of promising energy crop
Researchers in Wales and the United States have collaborated to complete the first high-resolution, comprehensive genetic map of a promising energy crop called miscanthus. The results - published in ... more
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ENERGY TECH

Japan pledges major cut in Iran oil imports
Japan said Wednesday it would continue reducing its Iran oil imports "considerably", while hailing a US decision to exempt it from new sanctions against doing business with the nuclear aspirant. ... more
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Space News from SpaceDaily.com
Space agencies track rare 3I/ATLAS interstellar object near Mars
Space Force awards launch missions to SpaceX, ULA
Rocket test proves bacteria survive space launch and re-entry unharmed
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ENERGY TECH

China holding 21 Vietnamese fishermen: official
Chinese authorities are holding two Vietnamese boats and 21 crew who were detained while fishing near the disputed Paracel Islands, an official said Wednesday. ... more
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BIO FUEL

US Navy Tests Soladiesel HRD-76 During Operational Transit Voyage in USS Ford Frigate
Solazyme has announced that the USS Ford, a U.S. Navy Frigate fleet ship, successfully journeyed from its homeport in Everett, WA to San Diego, CA using Soladiesel HRD-76, Solazyme's 100% algal deri ... more
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BIO FUEL

Solar, Wind, and Biofuels Markets Rise 31 Percent Despite Ongoing Economic Turbulence
Clean-energy markets continued to expand rapidly in 2011, even against a tough economic and political climate, increased industry consolidation, and downward pricing pressures on manufacturers. ... more
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BIO FUEL

Mendel Biotechnology and BP Biofuels to Conduct Demonstration Field Trial of PowerCane Miscanthus
Mendel Biotechnology and BP Biofuels have signed a four-year agreement to conduct a demonstration field trial of Mendel's PowerCane Miscanthus and evaluate its performance as feedstock for biofuel p ... more
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BIO FUEL

Barrels of Biofuel Flowing from Success at Louisiana Facility
With barrels of biofuel flowing from the success of America's first commercial advanced biofuels plant, the Advanced Biofuels Association, ABFA, takes its online video series, Better Fuels Moment, o ... more
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BIO FUEL

Cobalt and the Naval Air Warfare Center Team Up to Produce a Renewable Jet Fuel From Bio N-Butanol
The Naval Air Warfare Center Weapons Division (NAWCWD), China Lake has announced a contract award to Albemarle Corporation, a leading specialty chemicals company, to complete its first biojet fuel p ... more
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ENERGY TECH

Chevron blamed in Brazil oil spill: report
A huge oil spill off Brazil's southern coast was the result of excessive pressure used by oil giant Chevron in drilling the sea floor, according to a report by police and prosecutors published by local media Tuesday. ... more
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ENERGY TECH

Philippines' Aquino says more US troops welcome
Philippine President Benigno Aquino said Tuesday more US troops would be welcome to rotate through the Southeast Asian nation, but ruled out permanent bases. ... more
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Military Space News, Nuclear Weapons, Missile Defense
EU 'must respond' to Russia's 'hybrid warfare': von der Leyen
Russia says missile strike kills three in Belgorod region: governor
Trump unlikely to win Nobel Peace Prize, but who will?
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ENERGY TECH

China hikes fuel prices by biggest margin in three years
China on Tuesday hiked fuel prices by the biggest margin in nearly three years after a surge in the cost of global crude, the government and state media said. ... more
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AEROSPACE

HK backs third runway despite environmental fears
Hong Kong lawmakers on Tuesday gave approval in principle for a third airport runway, despite concerns about pollution and noise from the $11.10 billion project. ... more
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CAR TECH

Space foil helping to build safer cars
A special foil sensor developed to measure the pressure on a spaceplane's wings during reentry into Earth's atmosphere is now helping to build safer cars. This 'space' foil has been transformed into ... more
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BIO FUEL

Novel plastics and textiles from waste with the use of microbes
New biotechnological and chemical methods will facilitate efficient production of chemicals, materials and fuels from renewable natural resources. The Academy of Finland Centre of Excellence (CoE) i ... more
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BIO FUEL

A Fragrant New Biofuel
A class of chemical compounds best known today for fragrance and flavor may one day provide the clean, green and renewable fuel with which truck and auto drivers fill their tanks. Researchers at the ... more
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ENERGY TECH

Chevron execs barred from leaving Brazil
A judge barred 17 Chevron executives from around the world from leaving Brazil in an oil spill investigation as prosecutors readied new charges over a second spill involving the US energy giant, local media reported Saturday. ... more
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ENERGY TECH

Iraq moves to diversify oil export options from Hormuz
Iraq moved on Sunday to diversify its oil export routes to reduce the impact of a potential closure of the Strait of Hormuz by Iran on Baghdad's oil-dependent income, as well as the world economy. ... more
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ENERGY TECH

Gazprom considering bid for Greece's DEPA
Russian state-owned energy firm Gazprom says it's considering bidding for Greek counterpart DEPA as cash-strapped Athens seeks to sell state assets. ... more
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