Oil and Gas News

December 31, 2012

Don't Fall for the Shale Boom Hype - Chris Martenson Interview
London, UK (SPX) Dec 31, 2012
We are in the midst of an amazing energy boom, but by sweeping the idea of peak oil under the rug we are ignoring a significant fact: the relationship between hydrocarbon reserves and flow rates are not the same as they used to be-reserves have increased but flow rates are not as high or sustainable. Perhaps the most important thing we need to pay attention to is net energy returns, on which we run society. Massive new discoveries are only netting a fraction of the returns compared to earlier deca ... read more

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Sweden's second city introduces road toll to cut traffic Sweden's second city Gothenburg will introduce a road toll on January 1 for all motorists entering or leaving the city, similar to one already in place in the capital Stockholm. ... more		System will let smartphone control car South Korean car maker Hyundai says it's working on a system to allow a driver's smartphone to control many of an automobile's systems. ... more		China backs Cambodia's first oil refinery Cambodia on Friday gave the green light to construction of its first oil refinery, a multi-billion-dollar Chinese-backed project, as the kingdom looks to tap its untouched offshore reserves. ... more
				Taiwan plans oil, gas exploration in South China Sea Taiwan plans to start exploring for oil and gas in the South China Sea from next year, an official and local media said Friday, in a development that could increase tensions in the contested waters. ... more		Toyota in $1.1 bn deal with US owners over recalls Toyota said it had agreed to pay about $1.1 billion to settle a class action lawsuit launched by US vehicle owners affected by a series of mass recalls from the Japanese automaker. ... more

CubeSats, SmallSats and MicroSats

Toyota ups 2012 sales forecast to 9.7 mn vehicles Japan's Toyota group forecast Wednesday a 22 percent jump in worldwide sales this year to 9.7 million units, driven by surging demand which may help it regain the top spot in the global auto market. ... more		Iraqi Kurdistan oil exports slashed in payment row Oil exports from Iraq's autonomous Kurdistan region via the federal government have been slashed in the latest chapter of a long-running payments row, a spokesman said on 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		Toyota reaches $1.1 bn deal with US owners over recalls Toyota has agreed to pay about $1.1 billion to settle a class action lawsuit launched by US vehicle owners affected by a series of mass recalls, the Japanese automaker said Wednesday. ... more
				Minister says Turkey will keep buying gas from Iran Turkey will keep buying natural gas from neighbouring Iran as Western allies raise pressure over Tehran's disputed nuclear programme, Energy Minister Taner Yildiz said on Wednesday. ... more		Boosting Galactan Sugars Could Boost Biofuel Production Galactan is a polymer of galactose, a six-carbon sugar that can be readily fermented by yeast into ethanol and is a target of interest for researchers in advanced biofuels produced from cellulosic b ... more

Solar systems for home and business

CubeSats, SmallSats and MicroSats

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Iran begins naval war games: reports Iran on Tuesday launched naval manoeuvres in the Gulf, and announced plans for another exercise in the strategic Strait of Hormuz later this week, media reports said. ... more		ChargePoint and DBT USA to Showcase Joint Electric Vehicle Charging Station Innovation ChargePoint and DBT USA will showcase a joint EV charging station innovation at the 2013 International Consumer Electronics Show. With more than 10,000 charging stations installed in 32 countr ... 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		Russia unveils $25 bn oil link to Pacific Russian President Vladimir Putin on Tuesday unveiled the final extension of a new $25 billion oil pipeline to the Pacific that underscores the energy power's gradual shift away from stagnant European markets. ... more
				Red racer Ferrari joins green revolution Italy's red racing giant Ferrari wants to go green, cutting emissions without sacrificing horsepower and working on a new hybrid model set to thrill pro-environment speed junkies. ... more		Sudan jails 4 for life for killing Chinese: media Four Sudanese have been sentenced to life in prison for killing a Chinese worker in oil-producing South Kordofan, state-linked media reported on Monday. ... more

French power company head target of financial probe: source

Mortenson Renewable Energy Groups Wraps Up Record-Breaking Year

Definition of sustainable organic biogas reached

Iran begins naval war games: reports

Taiwan plans oil, gas exploration in South China Sea

Minister says Turkey will keep buying gas from Iran

Boosting Galactan Sugars Could Boost Biofuel Production

Discovery May Pave Way to Genetically Enhanced Biofuel Crops

NC State Study Offers Insight Into Converting Wood to Bio-Oil

Toshiba to sell 16 percent stake in Westinghouse: report

Active fault may close Japan nuclear plant

Japan's new govt to review zero-nuclear policy

	Quest to Find New Uses for Abundant Natural Gas Little more than a decade ago, the United States imported much of its natural gas. Today, the nation is tapping into its own natural gas reserves and producing enough to support most of its current ... more		Iran warns of cancelling $5 bn China gas deal: media Iran has warned China it could cancel a much-delayed $5-billion offshore gas exploration contract in the Gulf, a news agency said on Monday. ... more		Iraq agrees to extend oil pipeline through Jordan Iraq and Jordan agreed on Monday to extend an oil pipeline to the Red Sea city of Aqaba for the export of Iraqi crude, Prime Minister Nuri al-Maliki said after a fleeting visit to Amman. ... more		Discovery May Pave Way to Genetically Enhanced Biofuel Crops Best known for its ability to transform simmering pots of sugared fruit into marmalades and jams, pectin is a major constituent of plant cell walls and the middle lamella, the sticky layer that glue ... 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?

Boeing's Final Design for Wedgetail AEW and C Airborne Mission Segment Accepted by Australia		$4.07B Oman Eurofighter deal bolsters BAE		BAE unveils 2.5-bn pound deal for military jets to Oman		Taiwan's China Airlines to buy six Boeing planes		Keystone XL: Welcome to the Proxy Energy War
Bird strike prevention radar system takes off		Judge clears BP's $7.8 bn settlement in US oil spill		Exxon extends Africa's energy enterprise		Israel's air force gets ready for a blitz against missile foes		BP says sells stake in China gas field to Kuwait

YPF seeks $37B cash for shale development

Mexico to Privatize State Oil Company Pemex?

Will Regulators Damn Keystone XL?

ASEAN wants India's help in China disputes

BAE says Saudi jet deal facing unresolved 'issues'

Embraer, Astronics collaborate on KC-390

Upgraded MiG-29s supplied to India

Bulgaria to modernise air force

Future of PNG deep sea mining uncertain

BLM Onshore Oil and Gas Lease Sales Garnered Millions for Taxpayers in 2012

U.S. sued over offshore oil lease plan

New Factor could Limit the Life of Hybrid and Electric Car Batteries

Nanofibers clean sulfur from fuel

How to get fossil fuels from ice cream and soap

Iraqi air force receives US transport planes

Volvo Cars says avoiding loss this year 'very difficult'

Taiwan's China Airlines to lease four Boeing planes

Oil prices gain on US budget hopes, as coal set to dominate

Trio Merger Corp. and SAE agree to merge

Turkey, Iraq Kurds near explosive oil deal

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