Monday, March 3, 2014
STUFF 1 ... Afghan $3T of minerals wealth needs rails. (Let alone honest govt.) ... ENI's Mozambique NG block now est. at 93TCF, up from 75 ... Angola '13 oil production 1.72Mb/d. 2 new projects online this yr. Est. 2Mb/d in '15 ... Africa Oil (Canada) to complete 20 early wells in Kenya, Ethiopia this yr ... Most of youngest tanks storing Hanford nuke waste show some of same probs as tank leak in '12: Wyden ... JA Solar (JASO) 7.8Mw for UK project ... DOE new energy efficiency standards for commercial retail refrigeration. ~30% improvement ... 40% of oil/gas emissions could be cut at relatively low cost: report ... US coal production to bottom out this yr. Gradual rise after: report ... China approved 36% increase of wind power ... WY emits most CO2/person of states ... Oil wells to be responsible for almost all growth of methane emissions from energy sector '11-'18: report ... Colo judge upheld local ballot ban of fracking ... OR governor ordered oil train safety review ... Austin approved wind power agreement to achieve 35% clean/renewable energy goal 4 yrs early ... ND Dec oil production down ~50Kb/d to 923K. 119 new wells completed v. 130+ to keep production level or over 200 to keep growth rate ... 15 oil train loading terminals in ND. 1.2Mb/d cap. ND shipments may have dropped to under 345Kb/d late Feb ... Eagle Ford production flat in Jan . ~1.1Mb/d ... New Fed regs limit oil allowed in each old rail car. Shipments cut ~40Kb/d ... Asia increased buys of Iran oil 22% Jan v. '12. China up 82% to 567Kb/d. S Korea down 66% to 64K ... Rouhani said Iran won't develop nuke weapons out of principle. (Trust but verify. And God bless them if true.) ... Maliki govt stopped payments to Kurds. Banned 2 airlines' flights to/from Europe from Kurd area. Kurds continue to defy Baghdad. Iraq election next month. 700 more folks killed in Feb bombs, more in Anbar. Angolan oil comp pulling out. Baghdad said Feb oil exports up to 2.8Mb/d from Jan's 2.2M. New export facilities. Country uses 600Kb/d. Export of 10Kb/d to Jordan by truck halted by Anbar trouble. 300Kb/d exported via pipe from Kurd area ... Libya may be exporting ~80Kb/d lately. Situation continues to deteriorate .... Syria becoming more chaotic ... Much Ukraine wheat has been going to feed Egypt's 85M ... Venezuela spinning out of control ... Putin threatening Ukraine's NG/oil supplies. Uke imports ~70% of 2.3TCF/yr use. Uses ~300Kb/d of liquid fuels, 75% from Russia. Uke moves 84BCM of Russian NG thru pipes to Europe ... No oil production in Arctic ice-filled waters for at least 15 yrs: expert. "Challenges too big." ... Shell shut key oil pipe in Nigeria. Oil theft, sabotage. Est. 95Kb/d shut in ... Canada exported 2.5Mb/d to US in '13. Up 10% YOY ... Decision by summer on Keystone: Repub governors ... Decline in Transocean's fleet use ... Exxon replaced 103% of oil/gas production in '13. Yearend reserves 25.2BOE. 53% liquids ... US indy producers to spend $1.50 drilling this yr for every dollar back. 2.5K new wells/yr in Bakken to sustain 1Mb/d. Iraq can match that with 60 ... Devon Energy finished $6B buy of 82K acres in Eagle Ford from GeoSouthern Energy ... Tuscaloosa Marine shale formation getting started. Encana, Goodrich $500M this yr. Early wells cost up to $12M each. Hopes for nearer $7M ... "Texas Chicken" maneuver to handle 2-way traffic in Houston Channel. Each others' wave pressure used to swerve safely past ... 2 monthly data sets for US oil production. Agreed from Dec '11, back. But not since. Near months differ greatly. (What up wit dat?) ... Genel Energy (Turkey) said Iraq Kurds buying 25% stake in region's Miran field. Est. 3.5TCF, 95M bls ... This winter's US NG withdrawal fastest inventory depletion on record. 2.4TCF so far. At current pace, inventory will be gone Mar 28 ... Growth in industry associated with Marcellus drilling down 29% '10-'13 ... India's monopoly coal producer missed production targets 6 yrs in row ... Delhi's air last yr had 2x toxic particles than Beijing ... Beijing approved Chinese EV makers (BYDDF, etc.) to sell cars in city.
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