24/7 Oil and Gas News Coverage
August 30, 2012
ENERGY TECH
Tanzania wants LNG production
Dar Es Salaam, Tanzania (UPI) Aug 29, 2012
Tanzania has begun to develop its liquefied natural gas facilities. Tanzania Deputy Minister for Energy and Natural Resources Masele has been in discussions with Norwegian energy company Statoil Vice President Tim Dodson to convince BG Group PLC to support building an LGN plant in Tanzania. "Despite being a costly project in its implementation, its completion will be very beneficial to the government and the country at large and that is why we are insisting on developing it in dry lands, ... read more

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AEROSPACE

Boeing Celebrates Delivery of First Aeroloft Installed on a BBJ 747-8
Boeing has celebrated the delivery of the first Aeroloft installed on a Boeing Business Jet (BBJ) 747-8. The Aeroloft, designed and built by Greenpoint Technologies of Kirkland, Wash., provides 393 ... more
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ENERGY TECH

CNOOC adds offshore oil blocks
State-owned China National Offshore Oil Corp. is offering 26 offshore blocks, 22 of which are in the South China Sea, for joint development with foreign companies. ... more
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ENERGY TECH

Sea row set aside as China, ASEAN seek trade boost
China and Southeast Asian nations pledged Wednesday to strive for closer economic ties, setting aside regional tensions over a territorial row in the resource-rich South China Sea. ... 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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AEROSPACE

Threat forces Air China flight back to Beijing
An Air China plane bound for New York was forced to return to Beijing on Wednesday after receiving a "threatening message" but nothing unusual was found, the airline and state media said. ... more
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ENERGY TECH

Oil prices drop as G7 call offsets hurricane impact
Global oil prices sank Wednesday as a call by the Group of Seven nations for oil producers to increase output offset Gulf Coast supply disruptions due to Hurricane Isaac, analysts said. ... more
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CAR TECH

China's Dongfeng sees profits slide in first half
Chinese carmaker Dongfeng Motor Group on Wednesday said its net profit in the first half of 2012 slipped 8.36 percent on the back of falling commercial vehicle sales and stiffer competition. ... more
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ENERGY TECH

Yoko Ono leads stars against 'fracking'
John Lennon's widow Yoko Ono and their son Sean Lennon on Wednesday launched "Artists Against Fracking" to oppose the technique for natural gas extraction in an important New York state water region. ... more
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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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BIO FUEL

Japan toilet maker unveils 'poop-powered' motorbike
Japan's best-known toilet maker on Wednesday unveiled a "poop-powered" motorcycle that can travel as far as 300 kilometres (180 miles) on a tank filled with animal waste. ... more
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ENERGY TECH

Mexico OKs non-hydraulic oil extraction
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. ... 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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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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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

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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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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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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SpaceX plans 11th test of Starship later this month from South Texas
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Detection of phosphine in a brown dwarf atmosphere raises more questions
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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

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

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

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

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

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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Starcloud partners with Mission Space to protect orbital datacenters with real time space weather intelligence
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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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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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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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