24/7 Oil and Gas News Coverage
September 10, 2012
AEROSPACE
Boeing Forecasts China Will Need 5,260 New Airplanes by 2031
Beijing, China (SPX) Sep 10, 2012
Boeing is projecting China will need 5,260 new commercial airplanes valued at $670 billion over the next 20 years. China is forecast to be the second largest market for new commercial airplanes. "It's impressive that over 75 percent of the demand in China will be for growth instead of replacement," said Randy Tinseth, Boeing Commercial Airplanes vice president of Marketing. "Sustained strong economic growth, growing trade activities and increasing personal wealth are some of the driving forc ... read more

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AEROSPACE

Albatross 'dynamic soaring' achieved by repeated curve-altitude oscillation
Albatrosses leverage the energy of the wind to fly with essentially no mechanical cost to themselves, very rarely flapping their wings, and new work published in the open access journal PLOS ONE off ... more
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ENERGY TECH

Nigeria has former militants guarding oil
Nigeria has hired former militants to provide pipeline security in the country's troubled Niger delta. ... more
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ENERGY TECH

Nationalized YPF draws Russian investor
Argentina's nationalized YPF energy company is pursuing talks with Russia's Gazprom to forge a partnership and secure needed cash investment in the company. ... 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

S.Africa lifts freeze on shale gas exploration
South Africa on Friday said it was lifting a freeze on shale gas exploration in a move condemned by environmentalists who fear that controversial fracking will pollute scarce water sources. ... more
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AEROSPACE

Chinese firm to entice Air France pilots to head to Asia
Air France pilots are to meet Monday with a Chinese company hoping to recruit them to Asia, union officials said, as the French airline tries to shed staff to regain competitiveness. ... more
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CAR TECH

Volkswagen to recall 7,500 cars in China: watchdog
Shanghai Volkswagen will recall 7,544 vehicles whose flawed design could cause drivers to lose steering control, China's quality watchdog said on its website on Friday. ... more
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ENERGY TECH

Ugandan govt. releases oil exploration map
Uganda's Ministry of Energy and Mineral Development has released an oil exploration draft map. ... 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

The Real Cause of High Oil Prices - An Interview with James Hamilton
Nowadays the energy picture is confusing at best as the more information we are shown the more blurred our vision seems to become. Mixed messages, poor reporting and a media hungry to sensationalize ... more
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ENERGY TECH

TransCanada submits new US route for Keystone pipeline
Pipeline operator TransCanada on Wednesday offered to re-route its planned Keystone XL pipe to avoid environmentally sensitive areas as it carries oil from Canada's tar sands to US refineries. ... more
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CAR TECH

GM says China sales grow despite slowdown
General Motors' sales in China hit a record 220,996 vehicles in August, the US auto giant said Wednesday, despite an economic slowdown in the country with the world's largest car market. ... more
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AEROSPACE

'Sideways' aircraft for supersonic speed?
An aircraft that could pivot 90 degrees in midair after takeoff to reach supersonic speeds has been given $100,000 in NASA funding, its research team says. ... more
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ENERGY TECH

Nigerian oil output slumps
Nigeria's oil production has fallen below government projections. ... more
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ENERGY TECH

EU renews push for trans-Caspian pipeline
The European Union this week restarted negotiations with Turkmenistan and Azerbaijan on the possibility of an undersea trans-Caspian natural gas pipeline. ... more
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ENERGY TECH

Oil prices advance on China, Europe stimulus hopes
Global crude oil prices rose Tuesday as weak manufacturing numbers from Europe and China lifted hopes of fresh central bank stimulus measures, analysts said. ... more
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ENERGY TECH

Iran is 'only power' that can secure Gulf: commander
Iran is the "only power" that can secure the oil-rich Gulf, a Revolutionary Guards commander said on Tuesday, adding that the reinforced US navy presence in the waterway was causing regional instability. ... 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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CAR TECH

US auto sales jump 20 percent in August
US auto sales jumped 20 percent in August to the best performance in three years even as higher gas prices drove a shift towards smaller and more fuel efficient vehicles, industry data showed Tuesday. ... more
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ENERGY TECH

Iran has 'problems' selling oil: Ahmadinejad
Iran has "problems" exporting its oil, President Mahmoud Ahmadinejad admitted on Tuesday, but he said his government was determined to overcome that and other challenges posed by Western economic sanctions. ... more
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ENERGY TECH

Philippines hails Clinton remarks on South China Sea
Philippine officials praised US Secretary of State Hillary Clinton's call for a peaceful resolution of territorial disputes in the South China Sea, saying Tuesday she had bolstered Manila's stance. ... more
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ENERGY TECH

Barclays Capital bullish on Israeli natgas
Israel has long been a major importer of energy supplies, including oil and natural gas, but recent discoveries have drawn positive outlook for the Israeli energy sector. ... more
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ENERGY TECH

Fire points to Venezuela oil industry woes
Venezuela's biggest oil refinery remained closed Friday after firefighters put out a fire that raged for more three days following an explosion that killed at least 48 people, left dozens wounded and hundreds homeless. ... more
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ENERGY TECH

Shell's arctic plans get limited go-ahead
The U.S. Interior Department has granted Shell permission to start limited drilling in the Chukchi Sea off Alaska's coast. ... more
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ENERGY TECH

Nigerian community urges action on oil devastation
Nigerians from a region devastated by oil spills on Monday called on the president to take action, more than a year after a UN report said the contamination may require the world's biggest cleanup. ... more
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BIO FUEL

Waste cooking oil makes bioplastics cheaper
'Bioplastics' that are naturally synthesized by microbes could be made commercially viable by using waste cooking oil as a starting material. This would reduce environmental contamination and also g ... 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

Oil market steady amid weak Chinese data
Global oil prices held steady on Monday as traders worried that contracting Chinese manufacturing activity could hit global demand for crude. ... more
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AEROSPACE

Australia buys Growler systems for Hornets
Australia has confirmed it will acquire Growler electronic warfare systems for its Super Hornet aircraft through the United States Foreign Military Sales process. ... more
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ENERGY TECH

Tokyo govt surveys disputed isles in row with China
A team of Japanese surveyors Sunday sailed to a group of disputed islands in the East China Sea that the nationalistic governor of Tokyo wants to buy, with Beijing lodging a "serious protest" at the action. ... more
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ENERGY TECH

Iraq oil exports highest in more than 30 years
Iraq's oil exports reached their highest level in more than three decades last month as the country's output has continued to increase, oil ministry officials said on Saturday. ... more
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AEROSPACE

Airbus says Chinese-built planes to be sold only in China
Airbus planes built in a Chinese factory will be sold only to Chinese clients, the European plane maker said Monday, although a leasing exception could see aircraft end up with foreign airlines. ... more
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AEROSPACE

Arrest after China flight threat: state media
Police in southern China have arrested a man suspected of threatening to blow up a commercial jet, following a similar incident affecting a flight from Beijing, state press said Sunday. ... more
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ENERGY TECH

Clinton to seek China sea unity in Indonesia
US Secretary of State Hillary Clinton arrived in Indonesia Monday hoping to encourage unity among Southeast Asian nations in an effort to manage increasingly tense disputes with China. ... more
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CAR TECH

New Saab cars to be rolled out in 2014
The buyers of bankrupt Swedish carmaker Saab said Monday they would launch their first model in 2014 using the Saab name, after concluding the purchase of the company for an undisclosed sum. ... more
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