Oil and Gas News

March 03, 2013

Shell report shows decreasing role for oil
Washington (UPI) Mar 1, 2013
U.S. oil giant Shell in a new report said solar could eclipse oil to become the dominant energy source by 2060. As part of its "New Lens Scenarios" forecast, Shell predicts that in the meantime, natural gas in 2030 "becomes the largest global primary energy source, ending a 70-year reign for oil." In the forecast, Shell contrasts what it calls a "mountains" scenario, characterized by a stable, rigid, low growth with "oceans," a more dynamic global economy. Speaking at the Center f ... read more

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Second leak at North Sea oil platform forces evacuation An oil leak at a North Sea platform caused it to be partially evacuated on Saturday, its Middle East operator said, the second such incident at the installation in less than two months. ... more		US suggests Keystone pipeline won't harm environment The US State Department suggested Friday that a $5.3 billion Canada-to-Texas oil pipeline would have no major impact on the environment, but stopped short of recommending it be approved. ... more		Air China to buy 31 Boeing planes; As Cathay cancels freighters Air China signed an agreement Friday to buy 31 Boeing passenger and cargo planes from Boeing, subject to government approval, the Chinese flag carrier said. ... more
				'Fat worms' inch scientists toward better biofuel production Fat worms confirm that researchers from Michigan State University have successfully engineered a plant with oily leaves - a feat that could enhance biofuel production as well as lead to improved ani ... more		Study: Left-hand turn, cellphone don't mix Traffic accidents can happen because the brain has a hard time when both making a left-hand turn and talking on a hands-free cellphone, Canadian scientists say. ... more

CubeSats, SmallSats and MicroSats

Iran's oil output faces long-term decline Sanctions-battered Iran's oil production has fallen to its lowest level in 23 years and Tehran plans to reduce the proportion of oil revenues in the next budget, international energy monitors say. ... 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		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		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
				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		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

Solar systems for home and business installations

CubeSats, SmallSats and MicroSats

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

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		Shell freezes Alaska drilling until 2014 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. ... 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		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
				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		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

US Geothermal Industry Sees Continued Steady Growth in 2012

S.Africa to introduce carbon tax from 2015

Nation Could Double Energy Productivity

Second leak at North Sea oil platform forces evacuation

Iran's oil output faces long-term decline

China has no need for U.S. coal?

'Fat worms' inch scientists toward better biofuel production

Avoiding virus dangers in 'domesticating' wild plants for biofuel use

The impact of algae parasite on algae biofuel output

Namibias Roessing uranium mine to slash jobs

Two workers die in fall at French nuclear plant

Areva narrows loss, targets profit in 2013

	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		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		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		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

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?

IEA: Gas trading hubs needed for Asia		EU MPs back temporary suspension of airline carbon tax		DARPA Developing Next Generation Of Vertical Flight Technology		The impact of algae parasite on algae biofuel output		Israel OKs oil drilling on occupied Golan
BP heads to court in 2010 oil spill		Mobile apps reshape urban taxi landscape		Engineering cells for more efficient biofuel production		The End of the Shale Era: Big Shift in Junior Oil Exploration		Chevron pursues Australian shale

F-35 flights should resume soon: Pentagon official

US military halts test flights for F-35 fighter

US plans $16 billion Gulf spill settlement with BP: report

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

Troubled Baghdad scales back oil strategy

NASA Seeks It All: High Lift, Low Drag

Eurocopter touts Mexico, India moves

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

Southeast Asia key for LNG

Turkey defies allies to pursue Iraqi Kurd energy ties

What green algae are up to in the dark

France confident of selling Rafale jets to UAE

Next Phase of Modernizing B-2 Defensive Systems Starts

Bridgestone reports soaring annual profit

Romgaz lands option for Black Sea field

NYC looks at electric vehicle charging

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