24/7 Oil and Gas News Coverage
August 06, 2012
ENERGY TECH
Argentina looks to China to fund shale oil
Buenos, Argentina (UPI) Aug 3, 2012
Frustrated in its attempts to draw Western investors into Spanish oil company YPF it nationalized in April, Argentina is looking to China to fund its future plans to produce shale oil and natural gas. Argentina ranks behind the United States and China on a roster of 32 countries that possess huge shale oil and gas deposits. Despite environmentalist concerns that hydrocarbon extraction from shale is causing irreversible damage to underground water resources, the energy industry is all ago ... read more

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ENERGY TECH

China hits back at US over South China Sea
China on Saturday attacked US criticism of its decision to set up a new military garrison in the South China Sea, saying it sent the "wrong signal" and threatened peace in the hotly disputed waters. ... more
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ENERGY TECH

Research could lead to improved oil recovery, better environmental cleanup
Researchers have taken a new look at an old, but seldom-used technique developed by the petroleum industry to recover oil, and learned more about why it works, how it could be improved, and how it m ... more
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ENERGY TECH

Sleepy tropical island belies bold China sea claims
China's newest city might appear to be a tranquil outpost in the South China Sea, but the beaches and palm trees of Sansha are at the heart of a growing territorial dispute. ... 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

Somali war linked to brewing oil dispute
The military offensive by Kenyan and Ethiopian forces against Islamic al-Shabaab fighters is gearing up for an assault on the Indian Ocean port of Kismayo that's increasingly seen as a key element i ... more
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ENERGY TECH

Detentions as Vietnam breaks up anti-China protest
Vietnamese police detained at least 20 people on Sunday as they broke up a protest in Hanoi against Beijing's territorial claims in the disputed South China Sea, witnesses said. ... more
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CAR TECH

Poll: Many think in-car technology a risk
Most American car owners think automakers have gone too far with in-car connectivity technology that is distracting and dangerous, a poll found. ... more
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ENERGY TECH

ASEAN's South China Sea row rumbles on
The Philippines summoned the Cambodian ambassador to explain comments in a newspaper over the South China Sea dispute between the Philippines and China. ... more
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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

Japan's ANA posts small Q1 net profit, reversing loss
Japan's All Nippon Airways (ANA) on Friday posted a net profit of 668 million yen ($8.55 million) in its fiscal first quarter to June, reversing a year-earlier loss, thanks to increased travel demand. ... more
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CAR TECH

Toyota says quarterly profit skyrockets to $3.71 bn
Toyota said Friday that its quarterly net profit skyrocketed to $3.71 billion and it upped sales targets, as the Japanese auto giant recovered from last year's quake-tsunami disaster. ... more
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ENERGY TECH

Is the Eurozone Doomed? An Interview with Mike Shedlock
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 ... 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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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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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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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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Space Force awards launch missions to SpaceX, ULA
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Shield or Spark? The U.S. Golden Dome and the New Missile Arms Race
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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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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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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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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

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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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

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

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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