24/7 Oil and Gas News Coverage
May 11, 2012
ENERGY TECH
Russia and Japan to build gas pipeline
Moscow (Voice of Russia) May 11, 2012
The former Foreign Minister of Japan, Seiji Maehara now the Chairman of the Council for political studies of the ruling Democratic Party of Japan says that Russia and Japan are studying the possibility of jointly constructing a gas pipeline. He was speaking at the end of his talks at the office of the Russian Gazprom. The issue of building a gas pipeline on the seabed was raised by Russia this time. The Japanese politician expected this and had discussed it with representatives of the Japanese bus ... read more

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ENERGY TECH

China's CNOOC starts deepwater drilling
China National Offshore Oil Corp. has started China's first deep-sea drilling project in the South China Sea amid heightened territorial tensions over the disputed area. ... more
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ENERGY TECH

OPEC hikes 2012 world oil demand forecast
OPEC revised its 2012 world oil demand outlook slightly upwards on Thursday citing a stable US economy and the shutdown of nuclear plants in Japan, which boosted demand. ... more
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CAR TECH

Electric-powered van to make trans-Africa trip
An electric-powered van launched a trip Thursday to cross eastern and southern Africa, in an expedition designed to showcase the endurance of the vehicles and promote green energy use. ... more
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ENERGY TECH

Rosneft strikes Arctic deal with Statoil
Russia's state oil champion Rosneft struck a $2.5 billion Arctic exploration deal Saturday with Norway's Statoil - its third global tie-up in a month and a sign of its growing global ambitions. ... more
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ENERGY TECH

Rosneft selects new partner to develop the Russian shelf
Russia's state run Rosneft oil company has selected a new partner for the development of the Russian shelf. It is Norway's Statoil. On Saturday, Rosneft president Eduard Khudainatov and Statoil pres ... more
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AEROSPACE

SIA seeks tie-ups in India, China as profits flounder
Singapore Airlines (SIA) said Thursday it is exploring partnerships in India and China as it looks to guard against increased competition and global economic uncertainty. ... more
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ENERGY TECH

China issues warnings on Philippines
China told its citizens Thursday they were not safe in the Philippines and its state media warned of war, as a month-long row over rival claims in the South China Sea threatened to spill out of control. ... more
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BIO FUEL

Better Plants for Biofuels
It is widely accepted that one of the causes of detrimental climate change is the emission of greenhouse gasses such as carbon dioxide, nitrous oxide and methane in to the atmosphere from the burnin ... more
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ENERGY TECH

Iraq oil exports rise, but problems remain
Iraq says its oil exports rose to 2.5 million barrels per day in April, which it aims to double by 2015. But Baghdad's objective of become a top-line producer, challenging Saudi Arabia, remains in jeopardy because of political feuding and a lack of infrastructure. ... more
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ENERGY TECH

Colombia's Santos says China 'interested' in pipeline
Colombian President Juan Manuel Santos said Wednesday China was "very interested" in investing in a pipeline going through his country, as Beijing seeks to secure more oil to fuel its economy. ... more
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CAR TECH

China sees red as Ferrari damages ancient wall
Chinese citizens are up in arms after a Ferrari sports car left tyre tracks atop Nanjing's ancient city wall, possibly permanently damaging the protected landmark. ... more
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CAR TECH

Toyota full-year profits dive, pledges recovery
Japan's Toyota Motor said Wednesday net profit for the year to March fell 30.5 percent to 283.56 billion yen ($3.56 billion), hit by last year's quake-tsunami disaster and record flooding in Thailand. ... more
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ENERGY TECH

China to cut fuel prices in line with world market
China, the world's second-biggest oil consumer, said Wednesday it would cut fuel prices by more than three percent, following a retreat in global crude costs and amid concerns over inflation. ... more
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ENERGY TECH

Exxon Valdez oil spill tanker banned from India
The Exxon Valdez tanker that was involved in a huge oil spill off Alaska in 1989 has been banned from entering India where it was due to be dismantled, state officials said Wednesday. ... more
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ENERGY TECH

Philippines says US to protect in South China Sea
The Philippines said Wednesday the United States had pledged to protect it from attacks in the South China Sea, a day after China issued a warning over a territorial row in the waters. ... more
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ENERGY TECH

Sudan war planes bomb S.Sudan, violating UN resolution: army
Sudanese war planes have launched renewed air strikes against South Sudan, violating a UN Security Council resolution to end weeks of a bitter border conflict, the South's army said Wednesday. ... more
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ENERGY TECH

China to launch first deep-water oil rig
China will this week launch its first home-grown deep-water drilling rig located in the South China Sea, some 300 kilometres (200 miles) southeast of Hong Kong, state media reported Tuesday. ... more
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ENERGY TECH

Philippine firm 'in talks' with China on gas field
A Philippine company said Tuesday it had held talks with a Chinese energy giant about jointly developing a potentially lucrative gas field in the hotly disputed South China Sea. ... more
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ENERGY TECH

China prepared for escalation of Philippine standoff
Chinese vice foreign minister Fu Ying said Beijing was ready for "any escalation" of a tense maritime standoff with the Philippines over a disputed shoal. ... more
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CAR TECH

Toyota unveils 'first all-electric SUV'
Toyota unveiled Monday what it says is the first all-electric sports utility vehicle (SUV) on the market, a version of its popular RAV4 with a top range of 100 miles and minimum six-hour charge time. ... more
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ENERGY TECH

US probing cyber attacks on gas pipelines
A campaign of cyber attacks has been targeting US natural gas pipeline operators, officials acknowledged Tuesday, raising security concerns about vulnerabilities in key infrastructure. ... more
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CAR TECH

Google self-driving car gets green light in Nevada
The state of Nevada has issued a license plate giving Google's self-driving car the green light to travel along public roads. ... more
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ENERGY TECH

EU mulls punishing Argentina over YPF
Argentine government officials are beginning to count the cost of seizing Spanish-owned YPF with more backlash from Europe still to come. ... more
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Military Space News, Nuclear Weapons, Missile Defense
EU 'must respond' to Russia's 'hybrid warfare': von der Leyen
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India tells US that Iran an important oil source
India said Tuesday it shared the United States' goal of preventing Iran from building a nuclear weapon, but insisted the Islamic republic remained an "important source of oil". ... more
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CAR TECH

GM says China sales hit record high for April
US auto giant General Motors said Monday that it saw record sales in China in April, despite a broader slowdown in the world's biggest car market. ... more
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Czechs mull moratorium on shale gas exploration
The Czech Republic's environment ministry said Monday it was planning to impose a moratorium on shale gas exploration that would ban new research projects for up to two years. ... more
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Clinton presses India to cut Iran oil imports
US Secretary of State Hillary Clinton on Monday urged India to further cut its imports of Iranian oil, saying that the Islamic republic posed a major threat if it developed nuclear weapons. ... more
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ENERGY TECH

Shell says two new leaks on Nigerian pipeline
Oil giant Shell on Monday said two new leaks had occurred on one of its pipelines in southern Nigeria after similar incidents in recent days blamed on crude theft. ... more
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AEROSPACE

Migratory locusts in a wind tunnel
Insects are capable of masterful feats of flying; whenever they witness locusts flying long distances or moths hovering over flowers, aerodynamicists can only marvel. This is why researchers at the ... more
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BIO FUEL

Better plants for biofuels
An article in F1000 Biology Reports argues that recent advances in knowledge mean that plant-derived biofuels could meet about 30% of the global demand for liquid transportation fuels, drastically r ... more
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ENERGY TECH

First 'microsubmarines' designed to help clean up oil spills
Machines could play an important role in cleaning up oil spills, like the 2010 Deepwater Horizon incident in the Gulf of Mexico. It appears in the journal ACS Nano. Joseph Wang and colleagues ... more
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