24/7 Oil and Gas News Coverage
August 03, 2012
ENERGY TECH
Is the Eurozone Doomed? An Interview with Mike Shedlock
Washington DC (SPX) Aug 03, 2012
As markets continue to yo-yo and commentators deliver mixed forecasts, investors are faced with some tough decisions and have a number of important questions that need answering. On a daily basis we are asked what's happening with oil prices alongside questions on China's slowdown, which commodities or instruments will provide safety in the current environment, will the Euro-zone split in the future and what impact the presidential election is going to have on the economy and markets? To help Oilp ... read more

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AEROSPACE

Boeing 737 Performance Improvement Package Delivers on Promise to Cut Fuel Burn
Customers of Boeing's Next-Generation 737 are validating the benefits of the industry-leading Performance Improvement Package (PIP), one year after the first airplane PIP airplane was delivered. PIP ... more
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ENERGY TECH

Investigations of Shell's Nigeria spills a 'fiasco': Amnesty
Rights group Amnesty International said Friday investigations into Shell oil spills in Nigeria were a "fiasco," alleging the company repeatedly blamed sabotage in an effort to avoid responsibility. ... more
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CAR TECH

Pedestrianised Left Bank could spell Paris logjam: report
Plans to pedestrianise a stretch of the Left Bank in Paris could spell traffic chaos for the French capital, regularly ranked among Europe's most congested cities, a report said on Thursday. ... 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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CAR TECH

Toyota recalls 600,000 vehicles in Europe
Japanese automaker Toyota said Thursday it was recalling 600,000 vehicles in Europe to check for loose nuts in the rear wheel area, following a similar recall in the United States. ... more
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ENERGY TECH

Baghdad reels as Total signs with Kurds
The Iraqi government's oil dispute with the semiautonomous Kurdish enclave reached crisis point Tuesday after French oil giant Total signed an exploration deal with Kurdistan, an act of defiance that could affect Baghdad's ambitious plans to quadruple oil production. ... more
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AEROSPACE

JAL net profit more than doubles to $343 mn
Japan Airlines, which just two-and-a-half years ago went bankrupt in one of the country's worst corporate failures, said Thursday first quarter net profit more than doubled to 26.9 billion yen ($342.75 million). ... more
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ENERGY TECH

Iraqi Kurdistan says will resume oil exports
Iraq's Kurdistan region said it will resume oil exports during the first week of August as a confidence-building measure, after stopping them for more than four months following a row with Baghdad. ... 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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ENERGY TECH

Exxon Valdez to be dismantled in India
The giant tanker Exxon Valdez, involved in one of the world's worst oil spills, can be dismantled at a ship-breaking yard in Gujarat, an Indian court has ruled. ... more
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ENERGY TECH

China reports oil extraction success
A pilot project in China to obtain oil from complex geological structures has been successful, the country's largest oil and gas producer says. ... more
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ENERGY TECH

Gas plant plans could threaten fossils
Paleontologists in Australia say important 130-million-year-old fossilized dinosaur footprints are threatened by plans to build a liquid natural gas refinery. ... more
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ENERGY TECH

Falklands tensions rattle oil investors
Diplomatic tensions with Argentina over the Falklands are rubbing salt into the wounds of investors who poured millions into an offshore quest for oil and natural gas that remains disastrously futile. ... more
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AEROSPACE

US, allies renew opposition to EU airline tax
The United States and 16 other nations Wednesday renewed their "strong opposition" to a controversial EU carbon tax on airlines, vowing to work for a multilateral global solution. ... more
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AEROSPACE

Boeing Integrates Next-Gen Joint Helmet Mounted Cueing System on Silent Eagle
Boeing recently validated the integration of the next-generation Joint Helmet Mounted Cueing System II/h (JHMCS II/h) on the company's F-15 Silent Eagle demonstrator aircraft, continuing the on-sche ... more
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AEROSPACE

Raytheon achieves delivery and operational milestones on FA-18 avionics systems
Raytheon has achieved important milestones on three F/A-18E/F related programs, highlighting the company's ongoing, successful support of the Super Hornet aircraft. Raytheon recently delivered the 3 ... more
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AEROSPACE

E-jet deal opens Venezuela for Embraer
A $900 million deal for the Brazilian sale of 20 E-190 commercial jets has opened newly confirmed Mercosur member Venezuela as a potential major market for regional aviation and defense suppliers. ... 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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CAR TECH

US auto sales grow but GM, Ford stumble
US auto sales posted their best July performance since 2007 on Wednesday, but results were mixed as Ford and General Motors stumbled to a loss as rivals Chrysler, Toyota and Honda saw big gains. ... more
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ENERGY TECH

Iraq oil revenues up $1 billion in July
Iraq's revenues from oil, which account for the lion's share of the country's income, were up by about $1 billion in July compared to the month before, an oil ministry spokesman said on Wednesday. ... more
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ENERGY TECH

Argentina to drill for oil near Falklands
Argentina is taking its offshore oil exploration program closer to the Falklands waters as part of its campaign to assert a sovereignty claim on the British overseas territory in the South Atlantic. ... more
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AEROSPACE

US man points laser at Navy pilots, faces 20 years in prison
A US national pleaded guilty Tuesday to obstructing the vision of military pilots during training, AFP learned from a legal source. ... 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

Philippines offers up China-claimed oil prospects
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. ... 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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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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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

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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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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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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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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AEROSPACE

U.S. OKs Israeli systems deal for F-35s
A reported agreement by the Pentagon and Lockheed Martin to install Israeli-made electronic warfare systems in 19 F-35I Joint Strike Fighters ordered by the Jewish state gives a major boost for the $2.75 billion deal that has been worrying the Israelis. ... more
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AEROSPACE

In mock air war, US pilots face wily 'aggressor'
In the skies over Las Vegas, a high-stakes game is unfolding but the players are fighter pilots instead of gamblers and nothing is left to chance. ... more
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