24/7 Oil and Gas News Coverage
May 16, 2012
ENERGY TECH
Japan to pay $4.4 bn for Australian gas field stake
Tokyo (AFP) May 16, 2012
Japan's government and several major firms are to buy a 10.0 percent stake in an Australian natural gas field as the country seeks alternatives to atomic power, a spokeswoman for one of the companies said Wednesday. The consortium, including the operator of the crippled Fukushima nuclear plant Tokyo Electric Power and state-backed Japan Oil, Gas and Metals National Corp. (JOGMEC), is to invest $4.4 billion in the Wheatstone liquefied natural gas project in the state of Western Australia, a JOGMEC sp ... read more

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ENERGY TECH

Total eyes more projects in booming Australia
The head of France's Total says the energy giant wants to expand in Australia's booming resources sector, but warns that a lack of manpower and lively competition could contain its ambitions. ... more
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ENERGY TECH

China, Japan hold sea talks on island row
China and Japan hold high-level maritime talks on Wednesday expected to focus on a group of uninhabited islands that are at the heart of an ongoing territorial row between the two countries. ... more
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ENERGY TECH

A Push From the Mississippi Kept Deepwater Horizon Oil Slick Off Shore, Penn Research Shows
When the Deepwater Horizon drilling rig exploded April 20, 2010, residents feared that their Gulf of Mexico shores would be inundated with oil. And while many wetland habitats and wildlife were oile ... 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

South Sudan says ready to resume talks with Khartoum
South Sudan is ready to resume negotiations with Sudan, Juba's lead negotiator said late Tuesday on the eve of a United Nations date to restart talks, but also accused Khartoum of not being willing to meet. ... more
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ENERGY TECH

US attack submarine docks in Philippines
A US navy attack submarine has docked in a Philippine port close to the disputed shoal where Philippine and Chinese ships are locked in a standoff, a spokesman for Manila's navy said Tuesday. ... more
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ENERGY TECH

India says it will cut Iran oil purchases by 11%
India said Tuesday it would cut purchases of Iranian oil by 11 percent - far less than many other countries - following US pressure to isolate the Islamic republic over its disputed nuclear programme. ... more
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BIO FUEL

Lawrence Livermore work may improve the efficiency of the biofuel production cycle
By deciphering the makeup of a bacterium found in the soil of a tropical rain forest, scientists may have a better understanding of how to more efficiently produce biofuels. The production of liquid ... 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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BIO FUEL

Relative reference: Foxtail millet offers clues for assembling the switchgrass genome
Arranging DNA fragments into a genome sequence that scientists can interpret is a challenge often compared to assembling a puzzle, except there is no box to provide an idea of what the picture is ev ... more
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BIO FUEL

Iowa State, Salk researchers make plant protein discovery that could boost bioeconomy
Research groups from Iowa State University and the Salk Institute for Biological Studies have uncovered the function of three plant proteins, a discovery that could help plant scientists boost seed ... more
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BIO FUEL

Discovery of plant proteins may boost agricultural yields and biofuel production
Scientists at the Salk Institute for Biological Studies and Iowa State University discovered a family of plant proteins that play a role in the production of seed oils, substances important for anim ... more
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BIO FUEL

Microbe that can handle ionic liquids
In the search for technology by which economically competitive biofuels can be produced from cellulosic biomass, the combination of sugar-fermenting microbes and ionic liquid solvents looks to be a ... more
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BIO FUEL

Researchers look to relatives for clues in quest to develop sources of bioenergy
Arranging DNA fragments into a genome sequence that scientists can interpret is a challenge often compared to assembling a puzzle except you don't have the box and have no idea what the picture is s ... more
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ENERGY TECH

Russia's Kuril Islands to become investment heaven
In 2010, the then Russian President Dmitry Medvedev toured Russia's Kuril Islands and approved an ambitious development programme for the ar ... more
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ENERGY TECH

Nord Stream to become more powerful
The capacity of the Nord Stream gas pipeline can be increased. According to the operator company Nord Stream AG, opportunities for buildi ... more
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AEROSPACE

Superjet crash blamed on clouds - official
The Sukhoi Superjet-100 airliner probably crashed when it was trying to go around dense cumulus clouds, an official with Indonesia's transportation security agency said Monday. The area where ... more
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Space News from SpaceDaily.com
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AEROSPACE

F-35 to replace most US combat aircraft by 2020
The Pentagon plans to have the F-35 fighter jet replace most of the combat aircraft fleet of the US Air Force, Navy and Marine Corps by the end of the decade. ... more
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ENERGY TECH

Nord Stream studies two more pipelines
The Russian-led ownership consortium of Nord Stream says it's conducting a feasibility study for the potential construction of two additional pipelines. ... more
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AEROSPACE

Japan Airlines reports $2.33 bn annual net profit
Japan Airlines (JAL), which went bankrupt two years ago in one of the country's biggest-ever corporate failures, on Monday logged an annual net profit of $2.33 billion, thanks to cost-cutting efforts. ... more
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ENERGY TECH

Philippines, China impose fishing bans in disputed sea
The Philippines and China will both impose fishing bans in the South China Sea where the two countries have been involved in a tense territorial standoff. ... more
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ENERGY TECH

Gazprom considers gas deliveries to Japan via pipeline
Gazprom announced that it was considering gas deliveries to Japan via pipeline. Russia's gas giant said in a statement on Thursday, "The sides touched upon a possibility of working on a project for ... more
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ENERGY TECH

Beijing envoy in Khartoum amid Sudan-South tension
A Chinese envoy was in Khartoum for talks on Sunday after his country backed a UN resolution that aims to halt border fighting between Sudan and South Sudan. ... more
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ENERGY TECH

Putin expects a lot from Rosneft, Statoil deal
Russia's President- elect Vladimir Putin hopes that Rosneft-Statoil joint venture will ensure the development of a number of resource exploration-related spheres, including shipbuilding. He st ... 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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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

Filipino-Chinese ocean comradery fades amid row
For years Filipino and Chinese fishermen peacefully shared the rich harvests around a tiny South China Sea shoal, but today threats, harassment and fear have replaced ocean comradery. ... more
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ENERGY TECH

Despite takeovers, Total seeks Uruguay oil
Despite what the energy industry sees as takeover mania in Latin America, France's Total is pitching for new oil in Uruguay even as news from Argentina and Bolivia continues to rattle energy investors in the region. ... more
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ENERGY TECH

Power struggle in Angola amid new oil boom
Angola, Africa's second-largest oil producer, is locked in a power struggle over who'll succeed longtime strongman Jose Eduardo dos Santos amid signs offshore exploration will open up giant fields like those found by Brazil across the Atlantic. ... more
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ENERGY TECH

Canada lagging in LNG
Canada needs to invest about $50 billion in its liquefied natural gas sector over the next five to 10 years to avoid losing out on opportunities in emerging demand markets, an Ernst & Young report says. ... more
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ENERGY TECH

Manila urges dialogue over shoal dispute
The Philippines has reiterated it wants to settle the ongoing Scarborough Shoal dispute with China through dialogue and an international tribunal. ... more
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ENERGY TECH

Oil prices fall on weak China data, Europe woes
Oil prices dropped Friday as traders worried about disappointing Chinese economic data and debt-wracked Greece, where an election was almost certain after austerity opponents blocked a new government. ... 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

US partially resumes military supplies to Bahrain
The United States said Friday it was partially resuming sales of military supplies to Gulf Arab ally Bahrain after having frozen most shipments last year amid a bloody crackdown on protests. ... more
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