STUFF

Peru has foreign investor-friendly policies, independent fossil fuel licensing regime, untapped NG reserves, a new 215BCF/y LNG plant and ~582M bls proven oil reserves onshore and off. ~100M bls of reserves added last 2 yrs. 50 foreign oil comps exploring, drilling in country. ~12.5TCF proven NG reserves. Production began exceeding domestic consumption in '10 - over 1BCF/d. LNG export revenues $1.33B last yr. New fields being explored. 2 pipelines operating, 3rd being built. Constructing new LNG plant to serve local demand.

Columbia oil production up ~40% '09-'11. Exploration gets into FARC territory. Shale oil sweet spot in Middle Magdalena Valley. Discovered ~1.9B bls, 2.5TCF. Some reserve ests. over 31TCF. East central Columbia 1.5-4.4B bls. Southwest region over 365M bls discovered, another basin moderately explored accounts for ~2% of world's hydrocarbon reserves - connects into Venezuela deposits.

US petrol exports to Mexico up 123% since '06. Pemex starting to stabilize production decline (with Mex president threatening to end Pemex monopoly.) NG demand up steadily since '90's. 2.5BCF/d to 6.5. Pemex production kept up until '00. Now imports ~1.6BCF/d. Demand growing ~4%/y, production 1.5%. US exports to Mex 1.69BCF/d in '12. Piped in at avg price of $2.94. Could double by end of '14. Pemex says up to 1TCF of their NG production sits idle, country sitting on wealth of shale gas - 680TCF. Only China, Argentina, US have more.

Permian Basin (TX, NM) - Cline Shale - beginning to be fracked. Equivalent of 10 Eagle Fords, 17 Bakkens. Could be producing up to 1.65Mb/d by '20. 35B bls est. reserves. Rig count up 340% since '09 to over 400.

Marin Energy Authority got 52 offers from 22 comps for clean energy projects. Authority seeking to contract 40Mw. Got offers for 673Mw. 72% from new projects. Over 50% of Authority's power comes from clean/renewables.

Bosch Solar Energy completed largest PV solar project - 1.9Mw - on Maui.

Lately Caterpillar, Exelon bailed on Future Gen clean coal project in IL started during Bush admin. Cat part of group legally challenging state decision to increase power bills to cover $600M of project that DOE isn't covering. DOE trying to scrape up another $600M to continue the project. Increased development of wind power in midwest has contributed to 40% wholesale power price plunge. Power surplus makes it difficult for nuke and coal power to sell in short-term markets. No way charging 3-5x more for clean coal can compete.

Sinopec (China) planning to invest up to $1B in new TX clean coal project to use captured carbon to inject into old oil fields in Permian.

Samsung, Pattern Energy secured financing for another 270Mw wind project in Ontario. 124 turbines, towers, blades to be made in Ontario. Part of Samsung's $7B investment to build, op 2.5Gw of wind, solar power in Ontario. Creating largest clean energy cluster in world. Samsung, Pattern progressing on 3 other wind projects - 150Mw, 270Mw, 180Mw - for 4 project total of 870Mw.

Portland General El to begin negotiations for ~100Mw of new clean/ren power.

Another significant portion of Cape Wind project - steel for towers - to be made overseas: Mass steel maker. (Maybe DOE won't approve loan guarantee.)