Monday, September 2, 2013
LABOR DAY STUFF ... Sinopec buying $3.1B stake In Apache Eqypt stake ... No August hurricane in 11 yrs ... Possible even more radioactive leaks at Fuku. Lethal dose in 4 hrs ... Solar-powered catamaran crossed Atlantic to Belgium ... EIA: oil supply disruptions (unplanned prod, export outages) 2.8Mb/d in Aug. Up from 2.6M in July. Now est. 2.2M. Lower output from Libya, Nigeria, Sauds, Kuwait, UAE, Iraq. Export shortfall from Iran alone 2.2M. Global production ~85Mb/d, consumption ~87.2M. Down from 89M in '12 ... Sampras just won ... or on rain delay ... Surge in refined crude product from US to Europe. Tanker shortage developing. Refinery closures in Europe ... 3K gassed in Syria while sleeping. 1,500 killed so far. If Congress approves strike, only public allies France, Israel. So far ... 800 killed in Iraq in Aug. Mostly Shia bombings of Sunnis. But demonstrations over large salaries, benefits for lawmakers. Northern export pipe back in ops ... Libya tribes say $60B/yr oil revs stolen by corrupt govt officials ... Machine gun attack on container ship going through Suez Canal Saturday. 3 arrested. Army deported 3 Al Jazeera journalists over Brotherhood appeals aired ... Looking like a military slip by US over chem weapons use in Syria. Anymore and Iran would have to respond ... Russia ordered cut in oil supplies to Belarus. Questioned health standards of dairy imports after Belarus arrested CEO of Russian potash comp ... Russia-Saud strategy on oil supply/price from late July meeting? Sauds plan to employ 200 new rigs next year ... '05-'20 China oil imports 2.5Mb/d to 9.2M. US to fall to 6.8M from 10.1. Net 4M increase .... Statoil found oil off Newfoundland ... India, Venezuela hooking up on oil ... Total US oil deliveries 18.9Mb/d in August, up 1.7% yoy. 3-yr high ... Analyst: Bakken production to peak early '17 @ >1Mb/d, Eagle Ford peak mid-'15 @ >1.2M ... Recent wave small earthquakes in, around Eagle Ford. '10, '11 in Arkansas. Fracking? ... Widely used oil RR car compared to Ford Pinto. And not by Nader ... Europe NG inventories 14% down yoy ... Iran frustrated with CNPC over Phase 2 South Pars. As they were with last producers ... Record 48-state US NG production record in June ... China suspended approvals for new refineries after 2 largest missed pollution targets last year ... Navigant: biiofuels investment to top $11.5B by '20 if govt policies stay in place. 129Gw global of equiv I think they said ... U of FL study: nitrogen starvation may affect lipid accum in hours v. days ... Airbus signed agreement to make biofuels available for Russia service ... TWA to build another biodies facility in PI. 8M gal ... Suntech Solar directors quit over cash flow ... Solar powered drone can stay up 5 years ... FRV got finance for 20Mw solar project ub Austria ... NGK Insulators, Sumitomo group picked for project to cut energy storage costs. Japan to pay up to 75% of costs ... Rupee drop threatens wind industry ... 2Q: Chinese wind developers prospering while turbine makers suffer ... Forewind plans 2 1.2Gw offshore wind farms ... Jordan in talks for 120Mw solar farm.
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