Tuesday, May 21, 2013

STUFF

64 comps following Wal Mart's effort to reduce supplier's emissions. Wal Mart found 90% of its emissions came from its supply chain.

Hansen: mining oil sands will make climate change "unsolvable".

Poll: public fails to see link between Keystone pipeline, climate change.

UK govt made major cuts in climate change staff. But launched new clean/renewable energy research initiative.

Poll: 87% of IL voters want more clean/renewable energy.

Lux Research: solar equipment supply glut gone by '15.

IEA: use of NG as motor fuel to grow from 1.4% of market in '10 to 2.5% in '18. Also says demand for African oil to increase quickly next 5 yrs. Also says Beijing to add 245M bls to its strategic reserve this yr.

Financial Times: increases in drilling efficiency lowering cost of extracting ND oil to $35-60/bl.

Petrobras expects to spend $237B next 4 yrs to develop deepwater oil resources. Wants to more than double production to 5.7Mb/d by '20.

Venezuela to borrow $4B more from China to increase heavy oil production from 140Kb/d now to 330K. China already importing 626Kb/d from Venezuela in exchange for $30B of loans currently outstanding.

New research shows 1 of Japan's shut-in nuke reactors was built on a seismic fault. (You would think ...)

Share of US NG production from Gulf of Mexico fell from 24% to 6% in last decade.

Operators say a 3rd NG field offshore Israel may contain 2TCF.

Shell announced another "leak" in Nigeria NG pipeline (translates "sabotage"). Govt doesn't allow oil comps to announce effects of attacks.

Pemex discovered its 3rd ultra-deep oil field in Gulf of Mex.

ND oil production hit 782Kb/d in March. Still adequate rail capacity to move it to coastal refineries.

BP asking UK govt to help get US fines for GOM spill reduced. Spill cost BP $42.4B to date.

Britain has issued over 300 licenses for onshore oil/gas exploration. Lifted fracking ban in Dec.

Half of oil burnable '00-'50 to keep world within 2 degrees C of warming has been used. Analysis calculates annual 6% oil use decline rate after '12 needed. Climate Institute: "we're headed toward 2-4 degrees warming."

Ag Processing permanently closing its only ethanol plant after margins failed to improve. 52M gal/y plant in Neb. Older gen tech.

DOE authorized Freeport to export 1.4BCF/d LNG for 20 yrs. With Cheneire 2.2BCF/d LNG terminal combined capacity 5.2% of US NG production (est. 69BCF/d in '13). FERC permits, enviro review still to come for terminals. 63 LNG export terminals currently planned, under construction worldwide.

N Carolina car dealers sponsoring bill to ban sale of Tesla EVs in state because TSLA sells cars directly to customers.

Cupertino El completed Phase I of 21-site solar project of 6Mw for Cal school district. To save $2.4M/y.

Brazil to provide $234M funds for N East wind farms. 5 projects for 136Mw part of total to use Suzlon turbines. 4 other projects.

Unit of Nippon Steel, Sumitomo Metals JV expect geothermal power gen equipment sales of $49M as early as '15. 17 geo plants operate now in Japan.

Japan plans to provide low interest loans for rooftop solar. Homeowners to get $100-200/yr for renting out their rooftops.

Con Ed unit buying 50% stake in 2 Sempra solar power plants - 150Mw near Vegas and 150Mw near Phoenix.

PV Crystalox in talks to sell shuttered polysilicon plant to ex-workers.

Report: US utilities haven't adopted voluntary measures to block cyber attacks.

NRC again delayed San Onofre (Cal) restart decision.

US, EU preparing settlement over solar equipment dispute with China.

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