Oil and Gas News

February 28, 2013

Shell freezes Alaska drilling until 2014
Washington (AFP) Feb 27, 2013
Oil giant Shell put its controversial oil drilling plans for the Alaskan Arctic on hold through 2013, following multiple embarrassing problems with its two drilling rigs. The company said it would freeze exploration drilling in the Beaufort and Chukchi Seas on Alaska's northern coast until 2014 "to prepare equipment and plans for a resumption of activity at a later stage." "We've made progress in Alaska, but this is a long-term program that we are pursuing in a safe and measured way," said Shell ... read more

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Larry Ellison buys Hawaiian airline to go with island Tech billionaire Larry Ellison, who bought his own Hawaiian island last year, now has an airline to go with it. ... more		Formula E: China Racing join all-electric Formula E line-up Promoters of the fledgling electric car Formula E motor racing competition on Wednesday unveiled China Racing as the second team to sign up for next year's inaugural world championship. ... more		U.S. oil needs should keep it in Mideast The United States was more reliant on Middle East oil imports in 2012 than in previous years, U.S. Energy Department figures indicate, emphasizing how important the volatile region remains for Washington. ... more
				Germany lays down rules for 'fracking' The German government drew up Tuesday rules for the oil and gas technique of "fracking" to be carried out in Germany in a move slammed by opposition parties as opening the door to environmental dangers. ... more		Choosing the Right Oil Company to Own in 2013 I have been making the point about crude oil production and capex absolutely CONTROLLING the energy space right now and through 2013 and this week's entry is perfect to point that out again through ... more

CubeSats, SmallSats and MicroSats

IEA: Gas trading hubs needed for Asia Asia is on course to become the world's second largest gas market, after North America, by 2015, a new report from the International Energy Agency says. ... more		DARPA Developing Next Generation Of Vertical Flight Technology One of the greatest challenges of the past half century for aerodynamics engineers has been how to increase the top speeds of aircraft that take off and land vertically without compromising the airc ... 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		The impact of algae parasite on algae biofuel output As part of an ongoing effort to improve commercial scale algae biofuel production, a group of scientists, led by crude oil producer Sapphire Energy, Inc., have announced the completion of a collabor ... more
				Avoiding virus dangers in 'domesticating' wild plants for biofuel use In our ongoing quest for alternative energy sources, researchers are looking more to plants that grow in the wild for use in biofuels, plants such as switchgrass. However, attempts to "domesti ... more		Estonia plugs electric cars as power prices soar It brought the world Skype, Europe its first capital with free public transport, and now Estonia is touting the globe's first fast-charging network for electric vehicles. ... more

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China's Geely to set up research centre in Sweden Chinese automaker Geely, owner of Sweden's Volvo Cars, said it would set up a research and development centre in the Scandinavian country to capitalise on advanced European technology. ... more		Chinese oil giant CNOOC buys Canada's Nexen The Chinese oil giant CNOOC completed its $15.1 billion purchase of Canada's Nexen energy group on Monday, in what analysts have said is China's largest foreign investment. ... 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		Embraer seeks larger executive jet market Brazilian aircraft maker Embraer is aiming to expand its share of an international executive market, which is seeing more players than a decade earlier. ... more
				BP accused of greed, lax safety at US oil spill trial The US government accused BP of letting greed triumph over safety Monday in the opening arguments of a multi-billion dollar trial over the devastating 2010 Gulf of Mexico oil spill. ... more		Sinopec buys $1bn US shale stake from Chesapeake Chinese oil giant Sinopec is investing $1.02 billion in a US shale field as it teams up with Chesapeake Energy Corp. in a 50-50 joint venture, the companies said Monday. ... more

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Taiwan to vote on nuclear facility

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Denmark closes airspace to civilian drones amid rise in sightings

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Europe bids to tighten offshore drilling rules		First F-35 Production Model Takes Flight		Merkel cautious on 'fracking' in Germany		U.S. grasslands losing to biofuel crops		Chinese oil firm Addax targets Nigeria for growth

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Eurocopter touts Mexico, India moves

BP vows to 'vigorously defend' itself at US oil spill trial

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Turkey defies allies to pursue Iraqi Kurd energy ties

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Iraq's oil rift deepens over Exxon move

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Virtual vehicle vibrations

California is the Top State in US for Advanced Biofuel Companies

Herty Advanced Materials Opens First New Pellet Mill

New wave of unrest imperils Mideast energy

Queensland approves shale development

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