Oil and Gas News

February 02, 2013

Oil prices rise after upbeat US, China data
New York (AFP) Feb 1, 2013
Oil prices finished higher Friday in New York, buoyed by greater optimism about global growth following encouraging indicators from the US and China. A barrel of West Texas Intermediate, the US benchmark, settled 28 cents higher at $97.77 on the New York Mercantile Exchange. Even stronger was the price of European oil benchmark Brent futures, which closed at $116.76 a barrel on the Intercontinental Exchange, up $1.21. The close was Brent's highest level since May 2012. Oil prices got a lift ... read more

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China's Geely says buys maker of London taxis Chinese automaker Geely said Friday it had acquired the maker of London's iconic black taxis for 11.04 million pounds ($17.50 million) after the British company collapsed into administration. ... more		Daimler puts foot on accelerator in China German automaker Daimler unveiled plans Friday to boost its position in the fast-growing Chinese market by acquiring for 640 million euros a 12-percent stake in the country's fifth-biggest car group. ... more		Biofuels Blend Right In Winemakers have long known that blending different grape varietals can favorably balance the flavor characteristics of the wine they produce. In the future, makers of advanced biofuels might use a s ... more
				Smooth ride at 300 kph Serious shocks need serious shock absorption, in space as well as on the ground. Now high-performance racing cars are driving more smoothly on space-ready rubber from ESA spacecraft. Toulon-ba ... more		Iran seeks to salvage gas pipeline deal Iran is still plugging away at building a natural gas pipeline to energy-hungry Pakistan, a project that's been plagued by difficulties since it was first mooted nearly two decades ago. ... more

CubeSats, SmallSats and MicroSats

Chevron gets permit to explore shale gas in Romania US oil giant Chevron obtained zoning certificates in eastern Romania enabling it to explore for shale gas, despite controversy about the effect of drill fracking on the environment, local authorities said on Thursday. ... more		Argentina pushes Falklands claim in EU Argentina is pushing its claim on British-ruled Falkland Islands in the South Atlantic in a diplomatic campaign launched this week in, of all places, London. ... 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		Never get stressed searching for a parking space again Looking for a parking space can be a strain on the nerves for drivers. How nice would it be for a car to be able to look for its own parking space, for example at a railway station, while we are boa ... more
				Kurds warn BP not to drill for Baghdad The escalating dispute between Iraq's central government and the Kurds over oil and land went up a notch after the Kurdistan Regional Government warned oil giant BP not to help Baghdad upgrade an oil field in disputed territory. ... more		Betting on Mediterranean Shale: 3 Plays, 1 Winner The Mediterranean has joined the shale game, but as most of Europe's Mediterranean countries drag their feet, all eyes are on Israel, Turkey, and Algeria. For Israel, it will be a slow road wi ... more

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Dutch court rejects bulk of Nigerian suit against Shell A Dutch court on Wednesday rejected a bid by Nigerian farmers to hold Shell's parent company responsible for oil damage to their villages, saying that only the Anglo-Dutch oil giant's Nigerian subsidiary was partly responsible. ... more		Philippines to buy 12 S. Korean fighter jets The Philippines will buy 12 South Korean FA-50 fighter jets to strengthen its poorly-armed military, government spokesmen said Wednesday, amid increasing maritime tensions with China. ... 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		Honda nine-month net profit doubles to $3.2 bn Japanese automaker Honda said Thursday that its net profit for the nine months to December 2012 more than doubled to $3.2 billion as strong sales in North America and cost-cutting offset a strong yen. ... more
				ANA keeps forecast as nine-month net profit surges Japan's All Nippon Airways (ANA) said Thursday that its net profit in the nine months to December soared 54.6 percent and that it would maintain its annual profit forecast, despite its Dreamliner woes. ... more		Eurocopter sets sights on S. America sales Eurocopter and regional subsidiaries have set sights on major business expansion in South America where Brazilian planemaker Embraer is rapidly branching from executive jets and light attack fighters into other civilian and military aircraft. ... more

Obama's energy secretary stepping down

Emission trading schemes limit green consumerism

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Deuterium Uptake in Magnetic Fusion Devices with Lithium Conditioned Carbon Walls

Oil prices rise after upbeat US, China data

Argentina pushes Falklands claim in EU

Biofuels Blend Right In

Marginal Lands Are Prime Fuel Source for Alternative Energy

Wind in the willows boosts biofuel production

British council votes down nuke depository

Blow to Britain's nuclear waste plans

Bulgaria nuclear referendum fails: official

	Dutch court rules in Nigerian farmers' suit against Shell A Dutch court will decide on Wednesday whether Shell should clean up oil damage that destroyed a group of Nigerian farmers' land, a case that could set a precedent for global environmental responsibility. ... more		Iraq signs maritime navigation deal with Kuwait Iraq on Tuesday approved a deal with Kuwait regulating the use of a shared waterway through which most of Baghdad's oil exports flow, which Iraq had accused its neighbour of attempting to cut off. ... more		Iraqi Kurds 'illegally' exporting oil: Shahristani Iraq's top energy official repeated claims on Tuesday that the country's autonomous Kurdish region was "illegally" exporting oil, the latest in a long-running dispute between the two sides. ... more		BP's $4.5 bn plea deal over US oil spill approved by judge A US judge on Tuesday approved a $4.5 billion deal in which BP pleaded guilty to criminal charges from the 2010 Gulf of Mexico oil spill - but the British energy giant's legal woes are far from over. ... 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?

Japan's top three automakers post record 2012 sales		Marginal Lands Are Prime Fuel Source for Alternative Energy		Motion Control Keeps Electric Car's Four Wheels on the Road		Chinese military plane boosts global reach		Second F-35A Reaches 500 Flight Hour Milestone
China tests new military transport plane		New car mirror avoids 'blind spot'		Baghdad repeats Exxon ultimatum: Kurdistan or south Iraq		Caterpillar's China woes warn foreign investors		Iraq inks oil exploration deal with Kuwait Energy

Toyota, Nissan announce record sales for 2012

Chinese military plane boosts global reach: state media

F-35C Completes First In-Flight Dual Refueling

Lockheed Gets Apache M-TADS PNVS Performance Based Logistics Contract

Russian air force replacing transports

Aquino alleges China harassed Philippines boats

Alberta faces $6 billion 'bitumen bubble'

Volvo set to be world leader in heavy trucks after China merger

Lebanon's feuds 'could spark gas conflict'

China buys Russian bombers

Taiwan activists head for Japan-controlled isles

Algerian energy sector faces risky future

Nebraska approves controversial Keystone pipeline

Baghdad oil disputes with Kurds deepen

Chavez absence poses problems for military

South Australia on course for a shale boom

Outside View: Don't limit LNG free trade

Japan's Algeria toll hits 10 as survivors head home

Wind in the willows boosts biofuel production

Iran diplomat warns of strait closure if US chooses 'war'

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