Oil and Gas News

March 27, 2013

Outside View: Future of Levantine Basin
Beirut, Lebanon (UPI) Mar 26, 2013
I had the privilege recently of lecturing an elite group of young Lebanese journalists from most of the city's top publications for a seminar on "Covering the Oil & Gas Sector." Though the seminar was chiefly designed to address the issue of covering the energy market (oil and natural gas) at large, the topic of how a new generation of Beirut journalists could report on the development of the Levantine Gas Basin naturally came up throughout the sessions. In particular, the attendees, who ... read more

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Two Chinese airlines record falls in 2012 profits Higher fuel costs and weak demand for air travel caused a slump in the net profits of two of China's biggest airlines last year, according to annual reports released on Tuesday. ... more		Peach genome offers insights into breeding strategies for biofuels crops Rapidly growing trees like poplars and willows are candidate "biofuel crops" from which it is expected that cellulosic ethanol and higher energy content fuels can be efficiently extracted. Domestica ... more		India prepares for shale gas auction India is preparing to launch its first auction of shale natural gas blocks, a government official said. ... more
				China car maker BYD reports profit plunge Chinese electric car producer BYD, which is partly backed by US investment titan Warren Buffett, said its net profit plunged more than 94 percent year-on-year in 2012, hit by slowing growth in the country. ... more		China's Sinopec says net profit down 12.8% for 2012 Chinese oil giant Sinopec's annual net profit for 2012 fell 12.8 year-on-year, the firm said, with high crude-oil costs and a slowdown in the global and Chinese economy weighing on its bottom line. ... more

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Iraq to auction gas exploration blocks: ministry Iraq plans to hold an auction of gas exploration blocks open to international energy companies later this year, the fifth of its kind since 2009, a spokesman said on Sunday. ... more		Signalhorn Expands in Oman for Oil and Gas Customer Signalhorn Group of Companies has been awarded seven new locations in Oman requiring robust communications solutions. Signalhorn has successfully transitioned a global oil and gas drilling ope ... 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		Aerospace industry adapts to global marketplace The aerospace industry is a key sector of the Canadian economy. With sales of over $22.4 billion in 2011, Canada ranks fourth globally in aerospace production. Nearly half of that revenue was genera ... more
				Greenhouse gas emissions of cars could drop 80 percent by 2050 A new National Research Council report finds that by the year 2050, the U.S. may be able to reduce petroleum consumption and greenhouse gas emissions by 80 percent for light-duty vehicles - cars and ... more		Natural gas considered for trucking fuel Amid the nation's shale gas boom, natural gas is being considered as an alternative to diesel to fuel heavy trucks. ... more

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Lebanon's rifts threaten Med gas bonanza As Lebanon makes its first moves to explore what look like major natural gas fields in the Mediterranean, there are concerns the country's unexpected chance for economic salvation could be wrecked by sectarian rivalries and endemic corruption. ... more		Venezuela tries economic fix before polls Venezuelan Acting President Nicolas Maduro introduced economic reforms, including a second devaluation in less than two months, as part of the caretaker government's effort to shore up the economy before presidential elections April 14. ... 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		Iran faces oil losses as Asian buyers balk Sanctions-battered Iran faces losing a big part of its oil export revenues as key Asian trading partners cut back on Iranian imports because of escalating U.S. and European pressure. ... more
				Shale gas in line for Britain tax breaks Shale gas would get "generous" tax breaks under the government budget proposal unveiled this week by British Chancellor of the Exchequer George Osborne. ... more		Northrop Grumman Delivers 100th Center Fuselage for F-35 Lightning II Northrop Grumman has marked the delivery of its 100th F-35 Lightning II center fuselage to Lockheed Martin during a ceremony at its manufacturing center on March 8. "The F-35 team should be very pro ... more

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Greenhouse gas emissions of cars could drop 80 percent by 2050

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	EU puts airline carbon tax on hold for a year The EU will put its controversial carbon tax on intercontinental airline flights on hold for a year to give time for international talks to reach a compromise on the issue, a European source said Thursday. ... more		Transportation Study Reveals Deep Cuts to Petroleum Use and Carbon Emissions The U.S. Department of Energy's (DOE) National Renewable Energy Laboratory (NREL) and Argonne National Laboratory (ANL) have announced the release of the Transportation Energy Futures (TEF) study, a ... more		Oil prices mixed in Asia, China manufacturing picks up Oil prices were mixed in Asian trade Thursday as data showing Chinese manufacturing picking up strongly in March was offset by profit taking, analysts said. ... more		PetroChina says 2012 net profit falls 13% PetroChina on Thursday reported that 2012 net profit fell 13.3 percent, despite increased production, as the oil giant was hit by a slowdown in the growth rate of the Chinese economy. ... more

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Microalgae could be a profitable source of biodiesel		Alloy developed at Sandia has potential for electronics in wells		First Lockheed Martin F-35As Report to Nellis AFB for Operational Testing		DNV KEMA's new Multiphase Flow Lab to enhance Oil and Gas quality assurance		'Dirty blizzard' in Gulf may account for missing Deepwater Horizon oil
Researchers building stronger, greener concrete with biofuel byproducts		Air Force overrides Beechcraft LAS protest		Man creates car that runs on liquid air		Greener cars could slash US pollution by 2050: study		Oil Explorers Beware: Hackers Are Eyeing What You Know

Boeing Says Strong Demand Pushing Commercial Production Rates Higher

Cuba anxious about post-Chavez Venezuela

Iraq to spend $173 bn on energy infrastructure

Russian dashcams digital guardian angels for drivers

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ENI sells Mozambique stake to CNPC for $4.21bn

Pope may be dragged into Falklands dispute

As F-35 costs soar, Boeing enters the fray

Iran pipeline to Pakistan tests U.S. stand

Vietnam anti-China activists mark island battle

Americans still use phones while driving: survey

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China plans to survey disputed islands: state media

Oil prices slip as China concerns eclipse US optimism

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