24/7 Oil and Gas News Coverage
October 29, 2012
ENERGY TECH
Utah oil sands projects gets green light
Salt Lake City (UPI) Oct 26, 2012
The United States' first commercial oil sands mining project, in Utah, has been approved. Calgary company U.S. Oil Sands has been working since 2005 to get the green light from Utah officials to develop its proposed PR Spring project. The company anticipates that the 212-acre PR Spring project area, in the eastern part of the state, will initially produce 2,000 barrels of petroleum product a day. Through its wholly owned U.S. subsidiary, the company has a 100 percent interest in b ... read more

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ENERGY TECH

Obama shows support for natural gas
U.S. President Barack Obama, in a plan for his second term released this week, is touting the economic benefits of natural gas in a way he never did four years ago as a candidate. ... more
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BIO FUEL

Scientists build 'nanobowls' to protect catalysts needed for better biofuel production
It may sound like a post-season football game for very tiny players, but the "nanobowl" has nothing to do with sports and everything to do with improving the way biofuels are produced. That's the ho ... more
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CAR TECH

Honda slashes forecast on China territorial spat
Honda Motor shares tumbled on Monday after the Japanese automaker warned that its full-year results would be much weaker than forecast, as a trade dispute between Tokyo and Beijing dents sales. ... 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

'Frankenstorm' disrupts US-bound flights from Britain
Thousands of Britons planning to travel to the United States over the school holidays this week faced disruption Monday after Hurricance Sandy forced the cancellation of flights to the US east coast. ... more
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ENERGY TECH

Crude down in Asia as hurricane threatens US
Oil prices fell in Asia Monday as US refineries cut crude production in anticipation of a plunge in energy demand as Hurricane Sandy bore down on the eastern United States, analysts said. ... more
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AEROSPACE

China Southern 3Q profits tumble 29 percent
China Southern Airlines, the country's largest airline by fleet size, said Sunday its third quarter net profit fell 29 percent compared to a year earlier due to foreign exchange losses. ... more
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ENERGY TECH

Oil prices rise on US growth, Hurricane Sandy
Oil prices closed higher Friday, lifted by better-than-expected US economic growth in the third quarter and worries about Hurricane Sandy churning toward the heavily populated US east coast. ... more
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24/7 News Coverage
USF study: Ancient plankton hint at steadier future for ocean life
Researchers wake up microbes trapped in permafrost for thousands of years
China's 'Great Green Wall' brings hope but also hardship
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ENERGY TECH

Poland must choose between nuclear and shale gas future: utility exec
Poland must choose between developing its first nuclear energy plant or pushing ahead with a programme to tap potential shale gas reserves, the head of Polish state-owned utility PGE said on Wednesday. ... more
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ENERGY TECH

Kuwait gripped by growing political crisis
Kuwait, a key U.S. ally in the Persian Gulf, is gripped by a deepening political crisis over demands for reforms that the ruling family is doggedly resisting. ... more
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ENERGY TECH

Nigeria loses billions in oil, gas theft
Nigeria is losing an estimated $1 billion a month to oil theft while fraudulent natural gas deals with international oil companies have cost the West African country $29 billion over the past decade, official reports say. ... more
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BIO FUEL

Boeing-COMAC Technology Center Announces First Biofuel Research Project
A newly formed technology center created by Boeing and Commercial Aircraft Corp. of China (COMAC) has announced that Hangzhou Energy Engineering and Technology, Co., Ltd., (HEET) will conduct the ce ... more
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AEROSPACE

Hawker signs New Zeland King Air deal
The New Zealand air force has signed a deal with Hawker Pacific for the lease of four second-hand King Air B200 aircraft for five years. ... more
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ENERGY TECH

Crude higher in Asia on China manufacturing data
Oil prices climbed in Asian trade Thursday on data showing a slight pick-up in China's manufacturing sector, but weak US energy demand and eurozone worries capped gains, analysts said. ... more
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ENERGY TECH

All Canada to benefit from oil sands development: study
An influential Canadian business association on Wednesday sought to quell domestic objections over the development of Alberta's oil sands by releasing a study showing country-wide economic benefits. ... more
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ENERGY TECH

Oil prices rebound on upbeat Chinese manufacturing data
Oil prices rebounded slightly on Wednesday, with sentiment boosted by upbeat data from top global energy consumer China, ahead of new economic figures from the United States. ... more
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AEROSPACE

Iraq to pay $500 mn airline settlement by mid-2013: Kuwait
Kuwait said on Wednesday that Iraq will complete payment of a $500 million settlement of an airline dispute between the two nations by the middle of next year. ... more
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ENERGY TECH

Yanukovych: Expects 'fair' gas price
Ukraine expects to eventually negotiate a "fair" price for its imports of Russian natural gas, Ukrainian President Viktor Yanukovych said this week. ... more
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BIO FUEL

Serbia marks opening of new biogas plant
Serbian efforts to produce renewable energy from agricultural waste marked a milestone over the weekend with the opening of a $7.2 million biogas plant. ... more
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CAR TECH

WTO appoints panel to probe China-US auto dispute
The World Trade Organization on Tuesday established a panel of experts to investigate a complaint by the United States over Chinese duties on auto imports. ... more
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BIO FUEL

Lubricants from vegetable oil
Oil-independence is the dream of many countries that lack raw materials. Nevertheless, black gold still retains its dominant role as a power source, and also serves as a basic material for the chemi ... more
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BIO FUEL

Large-scale production of biofuels made from algae poses sustainability concerns
Scaling up the production of biofuels made from algae to meet at least 5 percent - approximately 39 billion liters - of U.S. transportation fuel needs would place unsustainable demands on energy, wa ... more
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CAR TECH

Maker of London taxis falls into administration
The company that makes London's iconic black taxis collapsed into administration on Monday but was hopeful of receiving a financial rescue amid reports of a possible Chinese lifeline. ... more
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AEROSPACE

Embraer delivers Super Tucano aircraft to Mauritania
Brazil's top planemaker Embraer said Monday it has delivered an undisclosed number of its A-29 Super Tucano light attack aircraft to the Mauritanian Air Force. ... more
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Military Space News, Nuclear Weapons, Missile Defense
Russia regularly targeting UK satellites: space command boss
French navy boards Russia 'shadow fleet' ship, arrests two
Defense contractors brace for climate threats despite Trump's denials
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ENERGY TECH

Oil prices extend losses
Oil prices fell further on Monday in the wake of sharp pre-weekend losses, as investors balanced poor Japanese export data against Middle East unrest. ... more
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ENERGY TECH

Australia begins shale production
Australian oil and gas company Santos Ltd. has launched the country's first commercial shale gas well in the Cooper Basin in South Australia. ... more
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AEROSPACE

Chinese HNA buys into French airline, steps into Europe
A Chinese firm has acquired an interest in a French airline for the first time with the announcement on Tuesday that HNA has acquired nearly half of Aigle Azur. ... more
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ENERGY TECH

British company claims 'gasoline from air'
A small British company says it has developed a technology that can produce gasoline from air that can then be used in any regular gas tank. ... more
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ENERGY TECH

Iraq signs gas pipeline deal with S.Korea's KOGAS
Iraq signed a $128-million gas pipeline deal Tuesday and issued a tender to develop an oilfield in the south with proven reserves of more than four billion barrels, the latest steps in its efforts to ramp up output. ... more
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AEROSPACE

Embraer expands in African aviation market
Brazilian aircraft maker Embraer is expanding to Africa's defense procurement horizon, seen to be a potentially lucrative business growth area with the rise of several West African countries as emerging markets. ... more
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AEROSPACE

Edwards F-35A Completes First AIM-120 AMRAAM Internal Weapons Release
An F-35A test aircraft, flown by U.S. Air Force Maj. Matthew Phillips, completed the first aerial weapons release of an AIM-120 AMRAAM (Advanced Medium-Range Air-to-Air Missile) from a conventional ... more
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AEROSPACE

Better Together: Joint Flight a Success
The first C-5M Super Galaxy production joint acceptance flight with Lockheed Martin and the Defense Contract Management Agency (DCMA) occurred Oct. 17, here at the Lockheed Martin facilities. ... more
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