Oil and Gas News

January 29, 2013

Japan's top three automakers post record 2012 sales
Tokyo (AFP) Jan 28, 2013
Japan's three biggest automakers - Toyota, Nissan and Honda - on Monday posted record sales for 2012, as the results confirmed that Toyota recaptured the world's biggest automaker crown. The rosy results underscored the trio's recovery after Japan's quake-tsunami disaster in 2011 devastated sales and production, and highlighted strong demand in the key Asian and US markets. That helped offset weakness in debt-hit Europe and a downturn in China stemming from a diplomatic row that sparked a con ... read more

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Marginal Lands Are Prime Fuel Source for Alternative Energy Marginal lands--those unsuited for food crops--can serve as prime real estate for meeting the nation's alternative energy production goals. In the current issue of the journal Nature, scientis ... more		Motion Control Keeps Electric Car's Four Wheels on the Road It weighs half as much as a sports car, and turns on a dime-so its no surprise that the electric car being developed at Ohio State University needs an exceptional traction and motion control system ... more		New car mirror avoids 'blind spot' A new car side-view mirror may eliminate the "blind spot" in traffic without distorting the perceived distance of approaching cars, a U.S. journal reports. ... more
				Baghdad repeats Exxon ultimatum: Kurdistan or south Iraq The Iraqi oil minister on Sunday reiterated an ultimatum to US energy giant ExxonMobil: to choose between working in southern Iraq and a controversial exploration deal with the autonomous Kurdish region. ... more		Caterpillar's China woes warn foreign investors Caterpillar's revelation it found fake accounts at a just-acquired Chinese firm which will cost it hundreds of millions of dollars is a cautionary tale for those looking to enter the hugely promising market. ... more

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Iraq inks oil exploration deal with Kuwait Energy Iraqi energy officials on Sunday signed an oil exploration deal with a Kuwait-led group, finalising a deal that was altered to expel a Turkish firm amid worsening ties with Ankara. ... more		Toyota, Nissan announce record sales for 2012 Toyota and Nissan on Monday posted record sales for 2012 as the Japanese car giants benefited from a pick-up in demand, with Toyota recapturing the world's biggest automaker crown from General Motors. ... 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		Chinese military plane boosts global reach: state media China's new long-distance military transport aircraft will "enhance its global power projection ability", state media said on Monday, after the plane's maiden flight at the weekend. ... more
				Volvo set to be world leader in heavy trucks after China merger Volvo Trucks says it expects to overtake Daimler as the world's leading producer of heavy trucks, after acquiring a 45 percent stake in Chinese auto manufacturer Dongfeng. ... more		Lebanon's feuds 'could spark gas conflict' As Lebanon prepares to launch a natural gas exploration program in the Mediterranean amid a maritime dispute with Israel, a U.S. think tank suggests Lebanon's sectarian rivalries are more likely to trigger a conflict over resources than external factors. ... more

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				Aquino alleges China harassed Philippines boats President Benigno Aquino has accused China of harassing two Philippine fishing boats in disputed South China Sea waters, allegedly driving out one that had sheltered from rough seas. ... more		Alberta faces $6 billion 'bitumen bubble' Alberta Premier Alison Redford warned oil and natural gas royalties in the province are expected to fall $6 billion short of projections in the coming year. ... more

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France names ex-Areva boss to EADS board

Bulgarian nuclear referendum on track to fail

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Fuel Choices and How They Affect Car Insurance

European collaboration to prepare European electricity networks for influx of electric vehicles

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Iraq finds extra billion barrels of oil: ministry

Russia eyes private boost for Arctic energy

Ukraine continuing gas imports via Poland

China-Myanmar pipelines to open in June: Xinhua

Iraq PM holds rare talks with Exxon chief

Colombian oil pipeline bombed after rebels lift ceasefire

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Will Russia's gas and oil giants sacrifice their monopoly?

Philippine group says China firm vital for gas project

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