24/7 Oil and Gas News Coverage
July 05, 2012
ENERGY TECH
Iran to use mines, missiles to shut Hormuz
Dubai, United Arab Emirates (UPI) Jul 3, 2012
Iranian lawmakers call for closing the strategic Strait of Hormuz amid a sharpening confrontation in the Persian Gulf while Revolutionary Guards display their missile might against a mock U.S. base during desert exercises. But Tehran has a range of other weapons it can use to close down the vital oil artery. These include the hard-to-detect Chinese EM-52 "rocket mine" that's triggered by the distinctive magnetic our acoustic signature of a ship, such as a U.S. aircraft carrier, and then ... read more

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ENERGY TECH

Iran: EU oil embargo easily manageable
Iran said over the weekend it can easily replace the European Union as a customer for its oil as EU sanctions over its nuclear program took effect. ... more
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US Big Three automakers score solid sales in June
The Big Three US automakers reported strong domestic sales for June Tuesday, capping a solid first half of the year even as US economic growth overall remained weak. ... more
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ENERGY TECH

Philippines downplays US spy plane request
The Philippines on Tuesday said the deployment of US spy planes, suggested by President Benigno Aquino, was just one option to monitor the country's territory, as China appealed for stability in the region. ... more
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BIO FUEL

Denmark can triple its biomass production and improve the environment
The industry is interested in establishing a biorefinery sector in Denmark that can replace oil-based products with biofriendly materials, chemicals, energy and fuel. But this requires a larger biom ... more
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CAR TECH

Research paves the way for accurate manufacturing of complex parts for aerospace and car industries
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Researchers tap into genetic reservoir of heat-loving bacteria
The identification of key proteins in a group of heat-loving bacteria by researchers at the Department of Energy's BioEnergy Science Center could help light a fire under next-generation biofuel prod ... more
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AEROSPACE

US grounds fire-fighting C-130 aircraft after crash
The US military suspended flights Monday for C-130 transport planes equipped to fight wild fires after one aircraft went down in South Dakota, officials said. ... more
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ENERGY TECH

Philippines says may ask US for air surveillance
The Philippines may ask the United States to send spy planes to help it monitor a disputed area in the South China Sea, a presidential spokesman said Monday, in a move that could deepen tensions with China. ... more
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ENERGY TECH

Shell, BASF ordered to pay $500 mln in Brazil pollution case
A Brazilian judge has ordered oil giant Shell and chemical behemoth BASF to pay $500 million in compensation for hundreds of ex-workers suing for damages in a suspected plant contamination case, a judicial source said Monday. ... more
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ENERGY TECH

China sends patrol ships to disputed waters: Xinhua
China has deployed four patrol ships to a disputed area of the South China Sea, state media said Sunday, amid a deepening row with Vietnam over competing territorial claims. ... more
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ENERGY TECH

Iran MPs seek to shut Hormuz for EU-bound tankers
Iranian MPs have signed a draft law aimed at banning Europe-bound oil tankers from using the Strait of Hormuz to punish EU nations that slapped sanctions on the Islamic republic, reports said on Monday. ... more
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AEROSPACE

Storm researcher calls for new air safety guidelines
Aircraft turbulence guidelines should be completely rewritten after new research revealed thunderstorms could produce unexpected turbulence more than 100km away from storm cells. The research by Uni ... more
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CAR TECH

Chinese megacity limits new car sales
China's booming southern city of Guangzhou has imposed a cap on the number of cars allowed to be sold in an effort to curb worsening traffic and pollution, state media reported on Monday. ... more
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ENERGY TECH

The Increasing Threats to Global Energy Supplies
As global energy supplies come under increasing attack by non-state actors and private energy holdings become key targets of political maneuverings and criminal activities, Oilprice.com discusses th ... more
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ENERGY TECH

Nigeria arrests suspected oil pipeline bomber
Nigeria's military on Saturday said it had arrested the leader of a gang responsible for a series of attacks on oil installations in the Niger Delta region. ... more
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Space News from SpaceDaily.com
Space Force awards launch missions to SpaceX, ULA
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ENERGY TECH

Crude down in Asia on profit-taking, weak China PMI
Crude prices fell in Asia Monday as traders pulled back following a massive rally at the end of last week spurred by a eurozone deal, and after weak manufacturing data from China, analysts said. ... more
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ENERGY TECH

EU oil embargo on Iran comes into effect
A European Union embargo on Iranian oil went into effect on Sunday, provoking anger in Tehran which says the measure will hurt talks with world powers over its sensitive nuclear activities. ... more
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ENERGY TECH

US hails EU embargo on Iran oil
The White House welcomed Sunday's implementation of an EU embargo on Iranian oil, calling it "an essential part" of an international response to Tehran's nuclear program. ... more
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AEROSPACE

Sweden could lend Swiss Gripen jets
Sweden could loan a fleet of Gripen fighter jets to Switzerland as it awaits delivery of the craft's next generation model, Swiss Defence Minister Ueli Maurer said on Friday. ... more
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AEROSPACE

Japan buys F-35 stealth jets despite price rise
Japan will buy four US-made F-35 stealth jets despite a sharply higher price tag, it said Friday, in Tokyo's first confirmed order for the next-generation aircraft which has been plagued by delays. ... more
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CAR TECH

S. Korea's Kia breaks ground for new China plant
South Korea's second-largest automaker Kia Motors said it broke ground Friday for its third plant in China, the world's fastest-growing car market. ... more
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ENERGY TECH

Petronas buys Canadian gas producer for $5.3bn
Malaysian state energy firm Petronas has agreed to buy Canada's Progress Energy Resources for $5.3 billion to secure stable supplies of liquefied natural gas (LNG) from North America, it said. ... more
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AEROSPACE

Embraer to build executive jets in China
Military and civilian aircraft manufacturer Embraer has signed a deal with China's Aviation Industry Corp. to build Embraer's executive jets in China. ... more
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Military Space News, Nuclear Weapons, Missile Defense
Revolutionising the Skies: How Helsing's CA-1 Europa Drone Could Transform Autonomous Warfare
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ENERGY TECH

Faster, cheaper gas and liquid separation using custom designed and built mesoscopic structures
In what may prove to be a significant boon for industry, separating mixtures of liquids or gasses has just become considerably easier. Using a new process they describe as "reverse fossilizati ... more
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ENERGY TECH

Sanctions put the squeeze on Iranians
Leila is getting pretty good at playing Angry Birds on her imported iPhone. Sitting behind her desk in an idle travel agency in central Tehran, she often has nothing better to do these days. ... more
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ENERGY TECH

Political turmoil could hurt Iraq oil plan
Iraq is pressing ahead with its ambitious drive to boost oil production to some 12 million barrels per day and challenge Saudi Arabia as the world's top producer. ... more
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CAR TECH

Toyota expands controversial recall to two new models
Toyota on Friday added two models to a controversial 2009 recall launched after floor mats became trapped under the accelerator and were linked to dozens of deaths. ... more
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AEROSPACE

Northrop Grumman's F-35 DAS and Radar Demonstrate Ability to Detect, Track, Target Ballistic Missiles
Northrop Grumman recently demonstrated the ballistic missile detection, tracking and targeting capabilities of the company's AN/AAQ-37 distributed aperture system (DAS) and AN/APG-81 active electron ... more
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ENERGY TECH

Situation calm in Strait of Hormuz: US Navy chief
The Strait of Hormuz has been relatively "quiet" in the past two months without major confrontations between American and Iranian warships, the US Navy's chief said Wednesday. ... more
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ENERGY TECH

Amnesty slams arms imports fuelling SSudan conflict
Both South Sudan's army and rebel groups are using weapons imported from China, Ukraine and neighbouring Sudan in fighting that has claimed dozens of civilian lives, Amnesty International said Thursday. ... more
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ENERGY TECH

Emirates, Saudis pump oil to bypass Hormuz
Amid Iranian threats to close the Strategic Strait of Hormuz, the only gateway to the Persian Gulf, the United Arab Emirates is ready to pump oil through a new pipeline bypassing the waterway, while Saudi Arabia plans to reopen a long-disused pipeline to the Red Sea. ... more
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