Monday, January 13, 2014

STUFF ... Denmark Climate Investment Fund got $220M committed from investors, govt pension funds for clean energy, emissions reduction projects in emerging econs. UN Green Climate Fund a channel for funds ... Direct cost of pollution 2.5% of China '10 GDP. Damage to ecosystems added another 3.5% ...Total to commit $50M for 40% stake in licenses held by Brit comps to explore oil/gas in England shale. Possible 1,300TCF NG - 45 yrs of country's current consumption ... NJ regulators voted down 22-mile NG pipeline through Pinelands. 17 plant species there but nowhere else. Large auqifer below. Was to supply power plant switch to NG, other ... Study boosted est. of NG in Fayetteville Shale ... Exxon paying $2.3M to settle yrs of complaints at Louisiana refinery ... Global oil exploration to slow in "harvest" period: analysis ... US NG output record 70.2BCF/d in '13, 1.5% over '12. Slowest rate increase since '05. EIA est. '14 increase of 2.1%, 1.5% in '15. $3.20 avg price last 5 yrs ... Tehran to start scaling back its nuclear stockpile Jan 20. Moscow, Tehran close to deal to barter 500K bls from Iran for Russian equipment ... Baghdad threatening lawsuit over Kurds exporting oil without permission. New Iraq elections in spring ... S Sudan govt captured key oil prod town but rebs badly damaged oil facilities before leaving, still control oil production infra. Uganda sent forces in to evac nationals, help Sudan. China has over $20B invested in oil fields, another $11B pledged, imported 14M bls 10mo13 from Sudan. Total Sudan oil production now down 25-200Kb/d from fighting. Probably more ... China Dec oil imports 6.3Mb/d, up 13% yoy. 2 new refineries recently online. 22M new vehicles sold in '13. Dec exports slowed to 4.3% growth rate. '13 GDP growth est 7.6% ... Brazil pre-salt oil fields production 300Kb/d, far less than forecast ... 1st oil produced from Gazprom field in east Iraq. Total cap could reach 170Kb/d ... Nigeria won't privatize 4 oil refineries. Oil workers unions dropped strike plans ... Nigeria also OK'd $10B in China oil exploration, development in Niger state. 70% NG, 30% oil ... Ivory Coast to boost oil production 200Kb/d within 5 yrs. Wants increased explore/production offshore ... Avg US onshore drilling rig now produces 9% more wells in 4Q yoy ... US Gulf of Mex oil production flat last 30 months at 1.25Mb/d. Big deepwater plays continue to decline. 4 large fields brought onstream since '07 down 68% from '09 production peak ... LNG prices much higher in Asia because linkage to crude oil under long-term contracts ... Palestinian utility first to secure supply contract from 18TCF NG field in Meditteranean ... US to become net NG exporter by 1H16: Barclays. 6 LNG export facilities to begin shipping by '20 ... Construction begins Feb on 1.8Gw coal plant in Poland. $3.8B. Online by '20 ... Colo River, reservoirs sapped by 14-yr drought unrivaled in 1,250 yrs ... Researchers found proximity to fracking increases liklihood of low birth rate by over 1/2 ... DOE: US ethanol exports surged in Nov to 82M gal ... Iowa biodiesel production record 230M gal in '13, up 25% yoy ... Energy comps to spend $1T next 10 yrs on oil/gas infra, storage: API. Doesn't include explore/production ... EPA rule last week requires disclosure of chems used in offshore Calif fracking ... Austin Energy facing long odds to cut coal ties: them ... Study: wind turbines don't hurt home values ... PA PUC OK'd Duquesne Light's plan for smart meters ... Appeals court upheld BP Gulf spill settlement ... Comps sue to block Hawaii's anti-GMO law ... EIA: minor coal comeback in '13 drove fossil fuel emissions higher ... Aging nuke power workforce putting officials on alert for new talent ... Ford to launch aluminum-framed F150 ... EPA issued emissions reducing rule for WY power plants ... SUSI Partners 150M Euros energy efficiency fund ... Jinko Solar to separate production, project units, maybe IPO ... China investigating Sinovel over securities law violations ... Asia Dev Bank $50M to Welspun for wind, solar build out from 309Mw to 600.

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