24/7 Oil and Gas News Coverage
October 31, 2012
ENERGY TECH
China completes shale bidding
Beijing (UPI) Oct 30, 2012
The latest bidding round for exploration rights on 20 Chinese shale gas blocks attracted a record 83 companies, the Chinese Ministry of Land and Resources said. The blocks total 7,723 square miles spread over eight Chinese provincial regions, Xinhua news agency reports. The auction is the second since June 2011, when six companies bid on four shale natural gas blocks. China has 25.08 trillion cubic meters of exploitable onshore shale-gas reserves, the ministry has said. As part of its cu ... read more

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BIO FUEL

New enzyme 'produces more fuel from less corn,' Danish company says
Danish industrial enzymes maker Novozymes on Tuesday launched an enzyme that it said produces more ethanol from corn, addressing concern that growth in biofuels has come at the expense of food production. ... more
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AEROSPACE

Air China reports 16% drop in 3Q profit
Flag carrier Air China said late Tuesday that its net profit fell 16 percent in the third quarter compared to a year ago, hit by foreign exchange losses. ... more
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CAR TECH

Nissan chief wary of China amid island row: report
Nissan would think twice before making new investments in China, the firm's chief told the Financial Times, as Japan-brand auto sales dive amid a territorial row between Tokyo and Beijing. ... 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

Boeing Projects $820 Billion Market for 7,290 New Airplanes in North America
Boeing forecasts that air carriers in North America will take delivery of 7,290 new airplanes over the next 20 years at a market value of $820 billion. Taking retirements of airplanes into account, ... more
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CAR TECH

Wireless system charges electric vehicles
Canadian researchers say they've developed a safe, efficient technology to wirelessly charge electric vehicles using "remote magnetic gears." ... more
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ENERGY TECH

Oil prices drop as hurricane blasts US East Coast
Oil prices dropped on Monday as refineries and oil terminals on the US East Coast shut down due to Hurricane Sandy, which bore down on the heavily industrial New Jersey coastline. ... more
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AEROSPACE

Hurricane Sandy grounds 12,000 US flights
More than 12,000 flights have been grounded as Hurricane Sandy thwarted travel up and down the US East Coast Monday with powerful winds and blinding rain that could linger for days. ... 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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CAR TECH

China approves Chery-JLR joint auto venture
China has approved a joint venture which will see Jaguar Land Rover (JLR) make and sell luxury cars in China in partnership with domestic company Chery Automobile, official media said Monday. ... more
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AEROSPACE

Youngest Boeing B-52 Stratofortress Achieves 50 Years of Service
Boeing has marked 50 years since the company delivered its last B-52 Stratofortress to the U.S. Air Force. H-model bomber 61-040 was assigned to Minot Air Force Base, N.D., where it remains in activ ... 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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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

'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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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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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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SpaceX plans 11th test of Starship later this month from South Texas
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AEROSPACE

Bulgaria plans to acquire new fighter jets in 2014
Bulgaria will seek to acquire eight new or used fighter jets for its air force in 2014, Defence Minister Anyu Angelov said Friday. ... more
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ENERGY TECH

Utah oil sands projects gets green light
The United States' first commercial oil sands mining project, in Utah, has been approved. ... 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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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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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

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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