Oil and Gas News

November 24, 2012

Oil prices ease amid Gaza truce, China data
London (AFP) Nov 22, 2012
Oil prices eased Thursday in subdued trade owing to the US Thanksgiving holiday, and after a ceasefire ended a week of cross-border violence between Israel and Palestinian militants that killed at least 160 people. The declines were limited however by strong Chinese manufacturing output data and news of a surprise slump in US energy reserves, which indicated firm oil demand in the world's two biggest economies, traders said. Brent North Sea crude for delivery in January slid 60 cents to $110.26 ... read more

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Chinese-Israeli car's debut planned for March Chinese-Israeli carmaking joint venture Qoros will unveil its first vehicle at the Geneva auto show next March, a company official said Thursday. ... more		Mixing processes could increase the impact of biofuel spills on aquatic environments Ethanol, a component of biofuel made from plants such as corn, is blended with gas in many parts of the country, but has significantly different fluid properties than pure gasoline. A group of ... more		Boeing and AVIC to Collaborate on Interior Supply Capability in China Boeing and Aviation Industry Corporation of China (AVIC), China's largest state-owned aviation company, have announced they will work together to expand AVIC capabilities to include interior commodi ... more
				Turks hike energy stake in Iraqi Kurdistan Turkey, its eyes on becoming the pivotal energy hub between East and West, is set to increase its presence in Iraq's semiautonomous Kurdish enclave by taking a majority stake with a British partner in a block containing an estimated 10.5 trillion cubic feet of natural gas. ... more		Exxon warns on Nigerian production after oil spill US oil giant ExxonMobil's Nigerian subsidiary warned on Wednesday it may not meet production expectations following the shutdown of a pipeline after an oil spill off southern Akwa Ibom state. ... more

Repsol will drag Argentina through courts Frustrated by several months of fruitless fighting for a compromise, Spanish energy major Repsol warned Argentina it will drag its government through international courts to secure fair compensation for the loss of YPF. ... more		China car market to grow 8% annually: McKinsey Growth in China's auto market, the world's largest, is forecast to slow to an average eight percent annually from now until 2020 as consumers' tastes change, consultancy McKinsey said Wednesday. ... more		The first animals on Earth may have been sea sponges, study suggests Wildfire-induced thunderstorms recreated in Earth system models for first time Fengyun satellite strengthens China global weather forecasting capacity		Philippines to host four-way maritime talks The Philippines is to hold four-way talks next month with fellow Southeast Asian nations with rival claims to South China Sea territories, Foreign Secretary Albert del Rosario said Wednesday. ... more
				Fiat touts Italian style in China car challenge Italian car maker Fiat is returning to China five years after a failed joint venture, but now faces entrenched competition and slowing growth in the world's biggest auto market. ... more		Boston said riddled with natural gas leaks Boston's aging natural-gas pipeline system is rife with more than 3,000 leaks, some of which could pose explosion risks, researchers say. ... more

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Indonesian foreign oil investment at risk? An Indonesian government official warned that investment in the country's oil and natural gas sector could be adversely affected by the disbandment of the country's energy regulator. ... more		Chile phasing out C-212 tactical aircraft Chile's military is phasing out its remaining CA SA C-212-100 tactical transport aircraft amid local concerns over its safety. ... more		Maintaining US space dominance requires rapid and reliable delivery of new systems Germany pledges EUR35 bn for space defence against Russia, China Blackbaud Reviews: Key Insights To Consider Before Choosing an LMS		Obama set to dive into South China Sea turmoil US President Barack Obama is set to dive into the tumultuous diplomatic waters of the South China Sea on Tuesday at a summit dominated by rival claims to the strategically vital area. ... more
				White rot fungus boosts ethanol production from corn stalks, cobs and leaves The latest episode in the American Chemical Society's (ACS') award-winning Global Challenges/Chemistry Solutions podcast series reports new evidence that the so-called white rot fungus shows promise ... more		United ASEAN urges talks with China over sea rows Southeast Asian nations urged China on Sunday to quickly begin top-level talks over tense sea territorial disputes, after forging a united position on how to tackle their giant neighbour. ... more

Official "Green Tuesday" Launch November 27, 2012

Poland to invest 24 billion euros in energy by 2020

Analyzing the cost of federal and other renewable energy subsidies in Texas

Turks hike energy stake in Iraqi Kurdistan

Boston said riddled with natural gas leaks

Repsol will drag Argentina through courts

Mixing processes could increase the impact of biofuel spills on aquatic environments

White rot fungus boosts ethanol production from corn stalks, cobs and leaves

14,000 Jobs Possible from Military Biofuels Initiative

Coal mining ruining China uranium deposits

Swiss nuclear reactor shuts down due to defect

Nano insights could lead to improved nuclear reactors

	Jaguar Land Rover, Chery lay foundation for China plant Jaguar Land Rover (JLR) and China's Chery Automobile said Sunday they laid the foundation stone for a joint-venture plant in China to build JLR vehicles and new models in the world's biggest auto market. ... more		Boeing Statement Supporting House Vote on Russia PNTR Boeing has issued the following statement following House approval of legislation establishing Permanent Normal Trade Relations (PNTR) with Russia. "Boeing congratulates members of the House f ... more		14,000 Jobs Possible from Military Biofuels Initiative The military's biofuels initiatives could do more than just power jet planes, aircraft carriers and armored vehicles - they could also help power the economy, according to a new report from Environm ... more		Bulgaria to get price cut in Gazprom deal Bulgaria will receive a 20 percent discount on Russian natural gas supplies under a new, 10-year contract with Russian supplier Gazprom, the two sides say. ... more

Denmark closes airspace to civilian drones amid rise in sightings

Top diplomats of North Korea, China agree to oppose 'hegemonism'

What is the high seas treaty?

Shale energy production spike revolutionising energy sector		China's home-grown plane rises to the challenge		China to cut fuel prices for first time in four months		Oil sands to be economic driver for Canada		Arabs should use oil weapon against Israel: Iraq
Romania to hold referendums on shale gas, gold mining		BP to pay record $4.5 bn fine over US oil spill		Airbus, EADS and ENN make a push for new generation aviation fuels		Study: Coal seam gas field leaking methane		Brazil airline opts for Rockwell Collins

More research on arctic oil spills urged

China firm to invest $1.6 billion in plane engine

China unveils attack helicopter at airshow: report

Chevron's Gorgon project to cost more?

Airbus wins Chinese corporate jet order

New blow as Toyota recalls 2.77 mn vehicles globally

China needs 4,960 planes by 2031: state media

Lockheed Martin Continues To Deliver CBP P-3's Ahead Of Schedule

Prestige skipper blames Spain at oil disaster trial

The end of the cheap hydrocarbons era

New Jersey ends gasoline rationing

Expert's report on economic and environmental advantages of High Capacity Vehicles

A Better Route to Xylan

Warning issued on 'experimental' fracking

Eglin Completes 500th F-35 Sortie

F-35 Stopover in Marietta

NGC Signs Danish Composite Manufacturer For F-35 Lightning II Program

EU freezes controversial aviation carbon tax

Canada's push for dirty tar sands oil is out of step

NASA Investigates the 'FaINT' Side of Sonic Booms

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