Tuesday, October 23, 2012

STUFF

US coal exports nearly up 2x in last 5 years to 107M tons last year. Imports down to 13M tons from 36M in '07. NG production  increased from 24.6TCF  in '07 to 28.6TCF last year. Imports down to 3.46TCF last year from '07's 4.6TCF. Oil imports down from 13.4Mb/d in '07 to 10.8Mb/d last year. Production up to 6.22Mb/d from 5M.

Dominion to shut down, decommission nuke plant near Green Bay because of low el prices. 1st US nuke to be permanently retired since '98.

Siemens exiting solar biz.

In '10, China built more housing than Spain has homes.

Poland utilities will have to increase the share of clean/renewable energy sold to end users by ~1%/y. Clean/ren share will probably reach 11% this year. Mainly biomass.

Eqypt viewing Ethiopia's plan to build 6Gw hydropower dam on Nile as threat to national security.

Canada blocked Malaysia state-owned oil comp's $5.2B takeover of Progress Energy Resources.

Most Canadians polled said they don't support CNOOC's $15B bid to buy Nexen. But ~90% of Nexen shareholders approved the deal.

Goldman Sachs downgrading Brent oil to $90 floor.

S Sudan ordered oil comps to restart production. Down since Jan.

Construction begun on Shell's floating LNG terminal project in S Korea.

Mitsubishi buying 20% stake in Indonesia's largest geothermal power plant.

Halliburton reporting glut of fracking equipment.

Russia crude production to hit record 517M tons in '12, up ~1.2% from last year. ~10Mb/d.

China's CNPC's production from Iraq projects now 1.64Mb/d.

Kuwait Energy and Eqyptian General Petrol Corp made new oil discovery in Gulf of Suez.

India's strategic oil storage facing a year delay from "geological" surprises in constructing underground caverns.

Aemetis (AMTX) announced expanded, global license agreement with Chevron for 100% drop-in renewable jet, diesel fuel.

Texas A&M points to US southeast, gulf coast as "Saudi Arabia" of energy crops.

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