24/7 Oil and Gas News Coverage
August 01, 2012
ENERGY TECH
Philippines offers up China-claimed oil prospects
Manila (AFP) July 31, 2012
The Philippines will offer three oil and gas exploration contracts in the disputed South China Sea later Tuesday, including two in areas claimed by China, an official said. All three blocs off the coast of the western Philippine island of Palawan are part of Philippine territory, energy undersecretary Jose Layug said, dismissing China's territorial claims. Tensions between the Philippines and China over the South China Sea have been running high due to disputes over the Reed Bank and the Spr ... read more

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ENERGY TECH

US imposes new sanctions on Iran oil sector
US President Barack Obama on Tuesday imposed new economic sanctions on Iran's oil export sector and on a pair of Chinese and Iraqi banks accused of doing business with Tehran. ... more
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ENERGY TECH

French Total signs Iraqi Kurdistan oil deal
French energy giant Total said on Tuesday it has signed an oil exploration deal for areas in the Kurdistan region of northern Iraq, putting it on a collision course with the central government in Baghdad. ... more
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AEROSPACE

US challenges EU with rival airline tax talks
The United States will this week host a meeting of some 16 nations opposed to a controversial EU carbon tax on airlines, aiming to draw up an alternative plan, a US official said Monday. ... 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

BP plunges into net loss on huge $5.0-bn writedown
British energy giant BP said Tuesday that it plunged into a second-quarter net loss, hit by lower output, falling oil prices and a near $5.0-billion (4.1-billion-euro) writedown on the value of assets. ... more
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ENERGY TECH

Philippines hits out at Cambodia in China row
The Philippines said Tuesday it had summoned Cambodia's ambassador to explain comments he made accusing it and Vietnam of playing "dirty politics" in trying to solve a maritime row with China. ... more
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CAR TECH

Honda quarterly profit jumps fourfold to $1.7 bn
Honda Motor said Tuesday its net profit surged more than fourfold to $1.7 billion for the three months to June, underscoring a recovery from the impact of last year's quake-tsunami disasters. ... more
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BIO FUEL

German National Academy of Sciences issues a critical statement on the use of bioenergy
In a statement on the chances and limits of using bioenergy, the German National Academy of Sciences Leopoldina has come to the conclusion that in quantitative terms, bioenergy plays a minor role in ... more
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24/7 News Coverage
Deep-sea mining poses new threat to sharks, rays and ghost sharks
Hydropower emerges as Southeast Asia's hidden force in driving down carbon emissions
An Aussie tycoon bets billions on cleaning up iron ore giant
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AEROSPACE

Darker wings for monarch butterflies mean better flight
For monarch butterflies, redder wings are correlated with better flight performance, according to research published July 25 in the open access journal PLoS ONE. Previous work has shown that m ... more
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AEROSPACE

US challenges EU with rival airline tax talks
The United States will this week host a meeting of some 16 nations opposed to a controversial EU carbon tax on airlines, aiming to draw up an alternative plan, a US official said Monday. ... more
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ENERGY TECH

US regulators claim insider trading in Nexen deal
US regulators have secured a court order to freeze assets of traders accused of seeking more than $13 million through illegal trades ahead of China-based CNOOC's public bid for Canadian oil firm Nexen Inc. ... more
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ENERGY TECH

Pipeline grid to bypass Hormuz vulnerable
The United Arab Emirates and Saudi Arabia have developed a pipeline network across the Arabian Peninsula to bypass the strategic Strait of Hormuz, a key oil artery that Iran threatens to close. But this could still be vulnerable to sabotage. ... more
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ENERGY TECH

China appoints officers to South China Sea garrison
China has appointed military officers at a newly-established garrison in the South China Sea, state media reported Friday, the country's latest step to bolster claims to disputed islands in the area. ... more
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AEROSPACE

Hackers could haunt global air traffic control: researcher
Air traffic control software used around the world could be exploited by hackers to unleash squadrons of ghost planes to befuddle those entrusted to keep the skies safe, a security researcher said Thursday. ... more
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ENERGY TECH

Chevron damages bill in Ecuador rises to $19 bn
Chevron has been ordered to pay more than $19 billion in environmental damages, $1 billion more than originally decided, after an Ecuadoran court adjusted the amount on appeal, a source said Thursday. ... more
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ENERGY TECH

South China Sea: a decades-long source of tension
Rival claims to the South China Sea have for decades been a source of tension in the region. Below are key facts on the sea and the competing claims: ... more
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Space News from SpaceDaily.com
Space Force awards launch missions to SpaceX, ULA
Rocket test proves bacteria survive space launch and re-entry unharmed
Shield or Spark? The U.S. Golden Dome and the New Missile Arms Race
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ENERGY TECH

Author of US fracking study had gas industry ties: watchdog
A university study that claimed fracking for gas deep beneath the Earth's surface did not cause water contamination was led by a US professor with financial ties to the gas industry, a watchdog group said Friday. ... more
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AEROSPACE

Clemson researchers transform machine to make runways safer
Clemson researchers redesigned and modified a mobile drill press to retrofit a section of a runway that halts overrun aircraft, ultimately minimizing aircraft damage and passenger injury. The proces ... more
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CAR TECH

Nissan's profit down 15% on strong yen, Europe woe
Nissan on Thursday posted a 15 percent drop in quarterly profit as a strong yen and weak European market dented earnings, but Japan's second-biggest automaker said its full-year forecast was on track. ... more
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ENERGY TECH

Argentina condemns British missile exercise in Falklands
Argentina has accused Britain of mounting a show of force in the Falkland Islands with a military exercise that includes missile launches in the disputed South Atlantic archipelago. ... more
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ENERGY TECH

DRC oil 'fans flames of civil war'
Recent oil strikes in the Democratic Republic of Congo have raised fears they will exacerbate the resource-driven war that's been raging in the mineral-rich eastern sector of the African state for nearly two decades. ... more
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BIO FUEL

U.S, Australian navies focus on new fuels
The Australian navy has signed an agreement with the U.S. Navy to explore the increased use of environmentally friendly fuels such as blended biofuels. ... more
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CAR TECH

Why Some Types Of Multitasking Are More Dangerous Than Others
In a new study that has implications for distracted drivers, researchers found that people are better at juggling some types of multitasking than they are at others. Trying to do two visual tasks at ... more
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ENERGY TECH

China eyes Canada for oil deals
Major Chinese oil companies are seizing opportunities to secure strategic overseas assets, reflected by recent Canadian acquisitions. ... 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
Lockheed Martin Sikorsky unveils scalable Nomad drone family for autonomous long-range missions
Firefly Aerospace to Acquire SciTec in $855M Deal Expanding National Security Portfolio
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ENERGY TECH

Hungary, Azerbaijan seek joint projects
The time is ripe for more cooperation between Hungary and Azerbaijan on energy projects, Hungarian Foreign Affairs Secretary Peter Szijjarto said this week. ... more
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ENERGY TECH

Hong Kong billionaire to buy UK gas company
A consortium led by Asia's richest man Li Ka-shing agreed Wednesday to acquire a British gas distribution company for Pounds 645 million ($1 billion), the companies said. ... more
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AEROSPACE

EU should scrap airline emissions tax: IATA
The European Union should scrap a controversial carbon tax on air travel and seek a global solution to the emissions problem, the global aviation industry's chief said on Wednesday. ... more
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ENERGY TECH

Vietnam, Philippines slam China garrison plan
Vietnam and the Philippines on Tuesday lashed out at China's moves to establish a military garrison in the South China Sea, amid escalating tensions in the disputed waters. ... more
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AEROSPACE

Singapore Airlines first quarter net profit up 73%
Singapore Airlines' first quarter net profit soared 73 percent from last year, it said Wednesday, partly driven by higher passenger traffic. ... more
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BIO FUEL

Strategies to improve renewable energy feedstocks
To enable greater reliance on renewable biomass resources for power generation, combination approaches such as co-firing of high percentages of biomass with coal offer unique advantages, but also si ... more
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AEROSPACE

International F-35 Fleet Begins Build Up At Eglin AFB
ZM135, a British F-35B and the first international Lockheed Martin Lightning II, takes off from Naval Air Station Fort Worth Joint Reserve Base at 9:03 a.m. CDT en route for Eglin Air Force Base, Fl ... more
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AEROSPACE

European hybrid helicopter finishes US tour
European helicopter manufacturer Eurocopter's super-fast new X3 model on Monday completed a promotional tour of the United States, the largest military and civilian market in the world. ... more
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