24/7 Oil and Gas News Coverage
August 29, 2012
ENERGY TECH
Mexico OKs non-hydraulic oil extraction
Mexico City (UPI) Aug 28, 2012
Mexico is giving the go-ahead to U.S. Chimera Energy Corp. to deploy its new non-hydraulic shale oil extraction technology in its Chicontepec Basin. The technology is seen by the industry as a game-changing method of extracting hydrocarbons from shale without adverse effects on ground water resources and the environment. Hydrocarbons produced from shale in the process known as hydraulic fracturing, also known as fracking, have sparked some of the hottest debates in the energy industry. C ... read more

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ENERGY TECH

Oil flow from Turkish-Iraqi pipeline resumes: minister
Oil flow in the Turkish-Iraqi pipeline resumed Tuesday following the blast that damaged one of the two lines, Turkey's energy minister said Tuesday. ... more
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CAR TECH

US hikes mileage standards for cars, trucks
The Obama administration issued national fuel economy rules Tuesday that require the new cars and trucks in 2025 to average nearly double the fuel mileage of 2012 model vehicles. ... more
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ENERGY TECH

Statoil steps up Arctic energy exploration
Norway's Statoil on Tuesday said it would vastly expand its prospecting efforts in the Arctic, thought to hold one of the world's largest untouched deposits of oil and natural gas. ... 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

China's BYD first-half profit down 94% on year
Chinese electric vehicle maker BYD said Tuesday its net profit slumped 94 percent in the first half from the same period a year ago, on weaker demand for cars and a loss in its solar business. ... more
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AEROSPACE

China flag carrier reports 77% slump in profit
Flag carrier Air China said Tuesday that its net profit plunged 77 percent in the first half from a year ago, hit by weakness in air travel demand and higher fuel costs. ... more
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CAR TECH

Hyundai Motor starts work on China joint venture
South Korea's top automaker Hyundai Motor said Tuesday its joint venture with a Chinese firm has started the construction of a truck plant in the world's fastest-growing vehicle market. ... more
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CAR TECH

Ford says it will bring luxury car brand to China
US auto giant Ford Motor Co. said Tuesday it would bring its Lincoln brand to China in two years, pitching the vehicle to the luxury segment of the world's largest car market. ... more
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24/7 News Coverage
Vast reserves, but little to drink: Tajikistan's water struggles
Year after northern Nigeria floods, survivors left high and dry
Africa's path to low-carbon food security
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ENERGY TECH

Russia to boost investment in premium diesel production two-fold next year
Returning to post-Soviet level of crude production this year, Russia now strives to secure its position on the European energy market. The government is pinning its hopes on exports of high-quality ... more
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ENERGY TECH

French PM: Shale gas future not settled
The question of tapping shale gas reserves in France - where hydraulic fracturing is banned - isn't yet resolved, Prime Minister Jean-Marc Ayrault says. ... more
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ENERGY TECH

Blast halts oil flow from Turkish-Iraqi pipeline: sources
An explosion hit the Turkish-Iraqi pipeline, causing a fire and stopping oil flow to Turkey, Turkish security sources and an Iraqi official said Monday. ... more
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ENERGY TECH

Chinese giant Sinopec sees net profit fall
Chinese oil giant Sinopec, Asia's largest refiner by capacity, announced on Sunday that first-half net profit fell 41 percent year-on-year, reports said. ... more
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ENERGY TECH

Military rescues 27 kidnapped oil workers in Nigeria: navy
Nigerian military forces stormed the hideout of a militant gang operating on the waters of oil-producing Cross River State and rescued 27 abducted oil workers, a navy spokesman said Sunday. ... more
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ENERGY TECH

Greenpeace intercepts Russian oil rig workers
Greenpeace activists in a tiny inflatable boat on Monday intercepted a Russian ship in the remote Arctic as it was taking oil workers for the pioneering start of drilling work in pristine northern waters. ... more
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ENERGY TECH

China builds sewage facilities on disputed island
China has begun building sewage and waste disposal facilities on a disputed South China Sea island, state media said Monday, a move likely to stoke a growing territorial row with its neighbours. ... more
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ENERGY TECH

Cleaner fuel for cruise ships and other big vessels from ingredients in detergents, medicines
Scientists have described development of a new fuel mixture to ease the major air pollution and cost problems facing cruise ships, oil tankers and container ships. These vessels tend to burn t ... more
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Space News from SpaceDaily.com
SpaceX plans 11th test of Starship later this month from South Texas
Cassini proves complex chemistry in Enceladus ocean
Detection of phosphine in a brown dwarf atmosphere raises more questions
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ENERGY TECH

Sky high methane mystery closer to being solved
Increased capture of natural gas from oil fields probably accounts for up to 70 percent of the dramatic leveling off seen in atmospheric methane at the end of the 20th century, according to new UC I ... more
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AEROSPACE

Swiss fighter jet purchase details agreed despite criticism
Switzerland has agreed details of its planned purchase of 22 fighter jets from Sweden, despite a critical parliamentary report on the deal, the defence ministries of the two countries said Saturday. ... more
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AEROSPACE

India's first Embarer AWAC headed home
India has taken delivery of the first of three Embraer 145 airborne early warning and control aircraft from Embraer Defense and Security in Brazil. ... more
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ENERGY TECH

'Manageable' oil slick reaches Sri Lanka capital
An oil slick from a rusting cargo vessel that sank in bad weather reached the coast of Sri Lanka's capital on Saturday and threatened a beach resort popular with foreign tourists, officials said. ... more
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ENERGY TECH

PetroChina invests in Middle East oil
PetroChina, China's biggest oil and natural gas producer, warned economic growth would be slow in the coming months. ... more
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AEROSPACE

Enstrom completes Thai helicopter delivery
Enstrom Helicopter Corp. has delivered all 16 of the contracted 480B turbine training and utility helicopters to Thailand's army. ... more
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ENERGY TECH

Oil firms evacuate as storm heads for Gulf of Mexico
Oil and gas operators in the Gulf of Mexico braced Friday for Tropical Storm Isaac as the strengthening storm barreled toward Haiti on a northwest track that threatened US offshore operations. ... more
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BIO FUEL

Biorefinery makes use of every bit of a soybean
The corn industry produces almost 4,000 products from every bushel. Oil refineries produce fuels and ingredients for an estimated 6,000 products with a thoroughness that actually squeezes 44 gallons ... more
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Military Space News, Nuclear Weapons, Missile Defense
Maintaining US space dominance requires rapid and reliable delivery of new systems
Shield or Spark? The U.S. Golden Dome and the New Missile Arms Race
Starcloud partners with Mission Space to protect orbital datacenters with real time space weather intelligence
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ENERGY TECH

Canada's Africa Oil increases estimates
Canada's Africa Oil Corp. increased its estimated resources for its Kenyan and Ethiopian concessions. ... more
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ENERGY TECH

Chavez unveils $130 billion oil expansion
Venezuelan President Hugo Chavez, seeking re-election Oct. 7, says he plans to spend $130 billion over six years to double the country's daily crude oil output. ... more
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ENERGY TECH

Oil rises in Asia on China stimulus hopes
Oil prices surged in Asia on Thursday as hopes of a Chinese stimulus soared after manufacturing activity in the world's largest energy consumer fell to a nine-month low in August, analysts said. ... more
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AEROSPACE

Iraq expects first F-16 fighter jets in 2013
Iraq expects to receive the first group of F-16 warplanes next year, Prime Minister Nuri al-Maliki's spokesman said on Thursday, after US officials said the aircraft would not arrive until 2014. ... more
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AEROSPACE

Peru on track to build new Cusco airport
Peru is going ahead with the construction of a high-volume airport at Cusco in southeastern Peru despite controversies over potential risks to the ecological treasures of Chinchero. ... more
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BIO FUEL

Genetically Engineered Algae For Biofuel Pose Potential Risks That Should Be Studied
Algae are high on the genetic engineering agenda as a potential source for biofuel, and they should be subjected to independent studies of any environmental risks that could be linked to cultivating ... more
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ENERGY TECH

UA Engineering Professor Uses Aerospace Materials to Build Endless Green Pipeline
Mo Ehsani, Professor Emeritus of Civil Engineering at the University of Arizona, has designed a new, lightweight underground pipe he says could transform the pipeline construction industry. Instead ... more
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CAR TECH

Germans prefer bigger engines: study
Forget soaring fuel prices and concerns about the environment, Germans are suckers for horsepower and the trend is to buy cars with ever bigger engines, a new study showed on Tuesday. ... more
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