Oil and Gas News

June 03, 2013

China's Xi talks energy in Trinidad
Port Of Spain (AFP) June 1, 2013
Chinese President Xi Jinping held talks on the Asian giant's energy needs with leaders of Trinidad and Tobago, as he prepared to wrap up Sunday his first stop on a regional tour. "We both agree to actively advance cooperation in key areas such infrastructure development, energy and minerals and also to continue to advance our cooperation in new areas of mutual and beneficial cooperation such as agriculture, telecommunications and new energy," Xi told reporters after talks with Prime Minister Kamla P ... read more

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Boeing's first 787 arrives in China: media China's first Boeing 787 arrived in the country on Sunday, state-run media said, less than two weeks after Beijing regulators approved the aircraft, which had faced safety problems. ... more		Petrobras mulls reducing energy role in Argentina Concern over Argentina's mercurial policy on foreign investments is pushing regional business entrepreneurs toward caution and or keeping them away from the Latin American country. ... more		US targets Iran petrochemical industry The United States on Friday imposed sanctions on Iran's petrochemical industry, vowing to target more of the Islamic regime's sources of revenue after curbing its vital oil exports. ... more
				Canada's westernmost province rejects pipeline to Pacific Canada's westernmost British Columbia province on Friday rejected a proposed pipeline to move crude from the oil sands of Alberta province to the Pacific coast, citing environmental concerns. ... more		OPEC moves towards holding output OPEC appears set to maintain its output ceiling after Venezuela suggested Thursday that there was agreement among member nations to keep the status quo, on the eve of the cartel's latest production meeting. ... more

Iraq hints OPEC to stabilise output Iraq indicated Thursday that OPEC should maintain its oil production ceiling at this week's output meeting in Vienna, arguing it was wary of damaging the fragile global economy by cutting output which would raise crude prices. ... more		Myanmar-China pipeline to benefit both countries? China's $2.5 billion oil and natural gas pipeline in Myanmar will mutually benefit both countries, said Myanmar President Thein Sein. ... 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		Nabucco, TAP near finish, but lots of room in EU A BP-led consortium working offshore Azerbaijan is expected to pick between the Nabucco West and Trans-Adriatic natural gas pipelines next month, though there may be enough room for more than one pipeline in the long term. ... more
				Vietnam slams 'groundless' maritime claims Vietnam on Friday slammed "groundless" territorial claims in Asian waters and called for self-restraint among nations involved in disputes. ... more		Romanian PM rejects 'influence' of anti-shale gas campaigns Romania's prime minister on Wednesday said the government should not be "influenced" by anti-shale gas campaigns as plans to allow US company Chevron to explore for the resource has sparked protests. ... more

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Iran aims for more oil exports to India Tehran has offered incentives to lure India to import more oil from Iran. ... more		Saudi Arabia, Iran contest OPEC leadership Archrivals Saudi Arabia and Iran are expected to battle it out at Friday's OPEC meeting over leadership of the oil cartel at a time when it's facing the grave challenge of the U.S. shale oil boom, an issue that's divided the group. ... more		Maintaining US space dominance requires rapid and reliable delivery of new systems Germany pledges EUR35 bn for space defence against Russia, China Rocket Lab Expands Synspective Partnership with 10 Additional Electron Launches		Japan, Russia to jointly develop oilfield Japan and Russia on Wednesday signed a deal that will see them jointly explore and develop a potentially lucrative oil and gas field off Russia's Far East coast. ... more
				Slow progress on Unasur plans for a joint trainer aircraf Latin American plans to develop a low-cost trainer aircraft are moving forward but too slowly to raise hopes about the original aim of having the first of a new fleet of trainer aircraft in the air by 2015. ... more		Colorado's new alga may be a source of biofuel production A new strain of yellow-green algae, heterococcus sp. DN1, which may prove to be an efficient source for biodiesel, has been discovered in the snow fields of the Rocky Mountains. Research exami ... more

EU emitted 3.3% less greenhouse gas in 2011: report

Energy - Balancing the Bonanza: Interview with Mark Thoma

Most Energy Execs Indicate Potential For US Energy Independence By 2030

Petrobras mulls reducing energy role in Argentina

Vietnam slams 'groundless' maritime claims

Intelligent street lights adapt to conditions in Finland

Colorado's new alga may be a source of biofuel production

European and US Cellulase Patents granted to Direvo Industrial Biotechnology

Shanghai sees biofuel gold in recycled cooking oil

Despite safety and other concerns, nuclear power saves lives, greenhouse gas emissions

Thousands rally against nuclear power in Tokyo

TEPCO seeks yet more cash for Fukushima payouts

	Saudi king promotes son in defense shuffle King Abdullah's naming of his son as the head of the newly created National Guard Ministry a month after sacking the deputy defense minister, who is key figure in the kingdom's military, has raised concerns that trouble is brewing within the royal family. ... more		$100 billion in LNG investment at risk in Australia Although Australia has been slated to overtake Qatar as the worlds' biggest liquefied natural gas exporter by 2030, the escalating cost of doing business in the country could cost its economy more than $100 billion of new investment in LNG projects. ... more		Monitoring system can detect dangerous fatigue in mine truck driver U.S. firm Caterpillar says it installing a $10,000 Australian-developed system that can monitor drivers for fatigue in all its mining trucks. ... more		EADS sweetens KF-X offering With South Korea edging closer to deciding on a contractor for its $7.3 billion KF-X fighter program, a European competitor is dangling a new carrot to its bid. ... more

Northrop Grumman Hypersonic Navigation System Exceeds Rocket Test Milestones

We can build fighter jet without Germany: France's Dassault

Moldova backs EU in elections marred by Russian interference

New filtration material could make petroleum refining cheaper, more efficient		Electric cars slow to gain traction in Germany		Oil down in Asia on weak Chinese data		Frigid Heat: How Ice can Menace a Hot Engine		US F-15 crashes in Japan, pilot ejects safely
Better Place electric car firm to be dissolved		Shanghai sees biofuel gold in recycled cooking oil		Oil down on China worries, US stockpiles buildup		Space drives e-mobility		Genscape Creates Largest Land and Sea Oil Supply Chain Monitoring Network

Romanians protest against Chevron shale gas plans

European and US Cellulase Patents granted to Direvo Industrial Biotechnology

Scientists offer first definitive proof of bacteria-feeding behavior in green algae

Georgia Power adds biomass capacity

F-35B Completes First Vertical Takeoff

Nation equipped to grow serious amounts of pond scum for fuel

Indonesia, Papua New Guinea plan joint exploration

Air China says orders 100 Airbus A320 jets worth $8.8 bn

Lavrov: Azerbaijan oil pipeline contract termination not political

Algeria under pressure over energy industry

Israel eyes Syrian missile threat to gas fields

French-Asian firms reveal LNG contract in Canada

US House in message vote: build Keystone pipeline

Engineered microbes grow in the dark

Oil recovers after dive on Chinese data

Maduro's confused signals bode ill for Venezuela's recovery

China clears Boeing 787s for nation's airlines: Boeing

Israeli gas finds secure its self sufficiency

EU leaders face up to shale challenge

Bacteria use hydrogen, carbon dioxide to produce electricity

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