Oil and Gas News

December 09, 2012

Canada approves two energy takeovers worth $20 bn
Ottawa (AFP) Dec 7, 2012
Canada on Friday approved two major takeovers of energy firms by the Chinese state-owned giant CNOOC and Malaysia's national oil company Petronas - deals worth an estimated more than US$20 billion in total. Prime Minister Stephen Harper announced regulatory approval for CNOOC's $15.1 billion takeover of oil and gas company Nexen, and Petronas' offer for Canadian gas producer Progress Energy Resources, estimated at $5.5 billion. However, he cautioned that Ottawa would henceforth block attempts b ... read more

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Arab states rush to join the shale boom Jordan is pressing ahead with plans to develop its massive shale oil deposits, joining a growing push by Arab states to unlock shale reserves because conventional deposits are being squeezed to cope with burgeoning populations and industrialization. ... more		US extends exemptions for Asian powers to Iran oil sanctions The United States on Friday extended exemptions from sanctions designed to choke Iran's oil exports to nine major economic powers, including China, Taiwan, India and South Korea. ... more		Chinese in talks to buy aircraft leaser ILFC US government-controlled insurance group AIG said Friday it was in talks to sell a majority stake in International Lease Finance Corporation (ILFC) to a consortium of Chinese companies. ... more
				Work on automatic control of driverless vehicles through intersections receives recognition How do driverless vehicles navigate through intersections? Faster and safer than if humans were in charge, according to researchers from the Virginia Tech Transportation Research. Autonomous v ... more		Four Chinese ships in disputed waters: Japan Four Chinese government ships sailed into the territorial waters of disputed islands controlled by Tokyo in the East China Sea on Friday, Japan's coastguard said. ... more

Saudis seek oil in Red Sea 'safe zone' Saudi Arabia's state oil company Aramco has launched major seismic studies in the Red Sea off the kingdom's west coast, 1,000 miles from the dangers of the Persian Gulf, in a bid to boost its production levels from new offshore fields. ... more		GM says China car sales on track for record 2012 US auto giant General Motors (GM) said Thursday that its full-year sales in China, the world's biggest car market, will surpass last year's 2.55 million and set a new record. ... more		NASA advances space based tracking of marine debris Inside King Charles's passion project, focus of Amazon film Lightning strike injures 89 at rally for Brazil's former president		China demands Vietnam stop oil probe China demanded Thursday that Vietnam end oil exploration and stop its navy harassing Chinese boats in disputed waters near the Gulf of Tonkin, in the latest tit-for-tat between the neighbours. ... more
				Gases from Grasses In a well-known fairy tale, Rumpelstiltskin used magic to weave straw into gold. Today, scientists are reversing that formula - using gold to turn straw (and other forms of biomass) into today's glo ... more		Plastic packaging industry is moving towards completely bio-based products The new generation of bio-based plastic packaging is not only eco-friendly but also has several superior qualities compared to traditional plastic packaging. The plastic packaging industry is moving ... more

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Synthetic fuels could eliminate entire U.S. need for crude oil, create 'new economy' The United States could eliminate the need for crude oil by using a combination of coal, natural gas and non-food crops to make synthetic fuel, a team of Princeton researchers has found. Besid ... more		Numerical study suggests subsea injection of chemicals didn't prevent oil from rising to sea surface The 2010 blowout of the Macondo well in the waters of the Gulf of Mexico resulted in the region's largest oil spill in U.S. history. As the Deepwater Horizon (DWH) incident unfolded, in an effort to ... more		NASA Testing Advances Space Nuclear Propulsion Capabilities NASA and GE run hybrid jet engine test toward commercial flight New European Infrared Sounder Maps Atmosphere In Three Dimensions		China grabs Mideast oil as U.S. power dips China is muscling into Iraq's oil sector as Baghdad grapples with defections by international majors like Exxon Mobil and Chevron of the United States and France's Total. ... more
				Gazprom's LNG tanker pioneers Arctic crossing Russian gas giant Gazprom announced Wednesday that one of its ships had transported liquified natural gas from Europe to Asia via the Arctic for the first time, in a sign of what a changing climate could mean for global energy markets. ... more		DNA Analysis of Microbes in a Fracking Site Yields Surprises Researchers have made a genetic analysis of the microbes living deep inside a deposit of Marcellus Shale at a hydraulic fracturing, or "fracking," site, and uncovered some surprises. They expected t ... more

S. America upbeat on energy growth in 2013

Making sustainability policies sustainable

Need for clean energy 'more urgent than ever': IEA

Arab states rush to join the shale boom

Numerical study suggests subsea injection of chemicals didn't prevent oil from rising to sea surface

Saudis seek oil in Red Sea 'safe zone'

Plastic packaging industry is moving towards completely bio-based products

Gases from Grasses

Garbage bug may help lower the cost of biofuel

Swedish nuclear reactor stopped over safety concerns

No nuclear problems reported after Japan quake: IAEA

PM says France committed to problem-plagued nuclear reactor

	China Southern to buy 10 A330-300 aircraft China Southern Airlines, the country's largest airline by fleet size, said Wednesday it will buy 10 Airbus A330-300 aircraft in a deal worth $1.88 billion at list price to boost its capacity. ... more		Four injured in China fighter jet crash: reports A Chinese fighter jet crashed in a southern Chinese city Tuesday, sparking a fire that injured at least four people, reports said. ... more		Vietnam in sabotage claim against Chinese boats Vietnam's state-run energy giant PetroVietnam accused Chinese fishing vessels of sabotaging one of its boats, state media said Tuesday, the latest clash in the disputed waters of the South China Sea. ... more		Iraq oil exports steady in November Iraq's oil exports were steady in November while revenues were down compared to the month before, oil ministry spokesman Assem Jihad said on Tuesday. ... more

Balerion backs Northwood to tackle ground bottlenecks in expanding space economy

China prepares offshore test base for reusable liquid rocket launches

'They poisoned us': grappling with deadly impact of nuclear testing

Eco campaigners bash Germany's gas-guzzling cars		Chinese ship enters disputed waters: Japan		Garbage bug may help lower the cost of biofuel		Ecuador's Yasuni dilemma: a reserve full of life, and oil		Volvo eyes 'no-death' goal in its new cars by 2020
China opposes US bill on island dispute		Report decries Big Oil's 'oily grasp' on Canada		Russia demands answers after 190 km traffic jam		Gulf of Mexico Clean-Up Makes 2010 Spill 52-Times More Toxic		Canada seeks access to new oil markets

Britain denies report of big shale plans

Baghdad-Kurdistan talks stall over military command

Sri Lanka to buy Iraqi oil after US sanctions on Iran

Lebanon steps on gas, but progress slow

Report warns against increased LNG exports

YPF pushes expansion despite litigation

Smith Electric Vehicles to Open Manufacturing Facility in Chicago

Oil prices mixed after US, China data

Fracking in Michigan

OriginOil's Second Licensing Agreement Targets Canadian Oil Sands Market

Sandy adds to global air traffic gloom: IATA

Ford Fusion wins LA car show green prize

Ecuadoran villagers drag Chevron to Canadian court

VW says air cleared over industrial espionage in China

North America lags in gas-driven vehicles

Shale development threatens China's water

Tiny algae shed light on photosynthesis as a dynamic property

Algae held captive and genes stolen in crime of evolution

India to buy nearly 130 Su-30 fighter jets from Russia

Ecuador opens bidding for Amazon oil exploration rights

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