Monday, July 15, 2013
STUFF .... Google ain't fixing their blog gig apparently ... China cancelled plans for uranium processing plant after protests. Could complicate plans to build new nuke power plants. (China responds to protests?! Remember '89?) ... Calif fining Exxon, others for misrepresenting emissions ... Exxon betting $750M on Black Sea NG block ... China confirmed goal of 35Gw of solar capacity by '15. 10Gw/yr ... 2 comps JV to develop 600Mw wind, solar in Chile by early '16 ... Solar manufacturers switching to copper contact lines on panels from silver ... Sauds, UAE, Kuwait kicking in $12B aid to Egypt ... Iraq's northern oil pipe still shut. 2nd attempt to restart failed ... Iran oil exports down to 800Kb/d in June ... Turkey has highest pump prices in world. $9.98/gal. Norway $9.97. 10 cents in Venezuela ... Shell reopened 150Kb/d pipe in Nigeria ... CNPC expected to buy Conoco's 8.4% stake in Kazakhstan consortium ... Avg. life expectancy in China cut by 5 yrs from smog ... 450-mile 700Kb/d oil pipe from OK to TX coast 80% complete. Online by yearend ... US rail delivery of oil, oil products up 26% in June v. May. Up 48% 1H13 v. 1H12. 1.37Mb/d going by rail ... Drillers to pump mud into leaking NG well in Gulf of Mex ... Sauds new $6B 400Kb/d refinery facing 6-12 month delay. Startup now late '16 ... Libyan oil output still 30% below pre-war peak of 1.6Mb/d ... Angola likely to hit 2Mb/d goal in '14, '15 ... Transocean set new world record with well at 10,400 ft offshore India ... US oil production now 7.4Mb/d. Analysts see 7.75 by yearend. EIA forecasting 8.1 in '14 ... ND oil production up 170Kb/d over last year ... Philippines raised biofuel blend mandate to 5% from 2% ... Worst drought in 5 decades in Brazil. $167M of subsidies for ethanol mills ... EU set 5.5% cap for food-based biofuels ... Norway 2nd wealthiest country in monetary value. Largest capital reserve per capita. 5th largest oil exporter. 3rd largest NG exporter (They know how to save. God bless 'm.) ... Formula E racing to start next year. Berlin the 10th, and last, city to sign up ... E.ON fined 3M Pounds for selling energy saving lightbulbs they were supposed to give away ... EPA to approve barley as ethanol feedstock. (Beer drinkers unite now! No price rise ... No price rise) ... Spilled fuel set LA River on fire ... Asbestos dust still blankets Russian town (Feel for those folks.) ... Activists broke into French nuke power plant to expose security flaws ... India told wind farm operators to forecast day-ahead power output or face fines ... Serbia to begin offering PPAs next week. Expecting $2.6B investment to add over 1Gw of clean/ren energy by '20 ... ING targeting offshore wind financing in France, Germany, UK.
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