Monday, March 24, 2014

STUFF ... DOE approved LNG export terminal in OR. 800MCF/d. 1 of 6 approved still needing enviro, public health reviews. Only 1 terminal being built ... Kurds to let 100Kb/d of theirs to be sold by Baghdad in temporary US-brokered deal ... EPA joining N Carolina in reviewing Duke coal ash spill ... 16% rate increase stays for 800K Duke customers in Indiana. Court upheld regulator approval of settlement of cost overruns at $3.5B coal gasification plant ... World Meteorological Org: need for more focus on clime change by young ... Alt-fuel buses under 4% of China fleet ... Higher summer temps raise UK death toll: study ... EU summit agreement on energy independence postponed climate, energy decisions ... Climate change may be shrinking fish ... Climate change cost China $2.6B damage in '13 ... PA regulators abruptly postponed hearing on whether oil/gas producers can compel property owners to allow drilling beneath their land ... Big oil spill Houston Ship Channel. (Lack of care. Running in fog. Man o man.) ... US oil rig count new high. 1,473 ... Iran complying with restrictions on nuke weapons program under interim agreement: IAEA ... Iran econ still stagnant, inflation ~32%, market down, currency down. (Sanctions work.) $12/mo energy subsidy for near 60M poor to be phased out ... Iran says CNPC could lose $4.7B contract to develop giant NG field if it continues to delay. Awarded in '09. Qatar already extracting gas from S Pars ... US Navy returned the rogue oil tanker to Libya govt ... Sauds plan to shut-in ~750Kb/d production next month to upgrade facilities. IEA asking them to maintain production to resupply world stocks after winter draw, avoid price spike ... Nigerian Navy destroyed 260 illegal oil refineries, burned 100K tons (BURNED?!) of contraband fuel to try to halt oil theft ... Canada has energy reserves available to meet China growing demands: finance minister ... Sinopec in talks with Malaysia's Petroleum National to buy up to 15% of LNG project on Canada W coast ... Shell withdrew from negotiations over offshore exploration in Black Sea west of Crimea ... UK pushing new EU energy security plan to wean off Russia by ramping up imports from new sources like US, Iraq ... 1st use of fracking in OK well in '49. 1949 ... CNPC JV started drilling 1st shale gas well in China ... US offshore Atlantic fossil development could add up to 1.3Mboe/d production ... US ethanol prices soared to $3.24/gal Friday. Up $1.18/gal from month ago. Railcar supply probs. Most Midwest ethanol plants at full on-site storage cap. Total stocks down 19% yoy ... China to raise NG prices end of '15 for 20% of residential customers who use most ... ~100 Bakken oil wells shut down earlier this year to minimize flaring. ~36% of NG flared in state. Oil production Jan up ~6.5Kb/d to ~935K ... BYDDF's sedan China's best selling EV ... Ford/GE to supply EV chargers at Ford US facilities ... Japan shifting to coal from LNG imports. (Just in time for sultry summer air.) ... Valero bought their 11th ethanol plant, hit 1.3B gal/yr production. Plant was shut 2 yrs ... Siluria Tech (Cal) debuted development unit for liquid fuels from NG ... Koch unit ordered to spend $44M for TX refinery upgrades. Fined $350K by EPA/DOJ for violating emission limits. Leaking equipment, improperly operated flaring equipment. Koch also to invest $300M in MN refinery to improve energy efficiency, clean fuels production ... China cutting energy capital spending 7.1% this yr to $47.7B. Will maintain that several yrs. To invite private investors to join projects. To raise NG price for industry 15% by July ... Philly city council committed to 20K solar roofs ... US Ex-Im Bank $1B MOU for P.I. DOE ... Arabia One unit to build 10Mw solar plant in Jordan. Online late '15 ... HSOL to supply up to 31Mw for Mexico grocery chain through early '15 ... NEC to buy A123 (AONEQ) grid energy storage unit from Wanxiang for ~$100M. NEC/Wanxiang to JV energy storage biz in China ... Ground broke for 270Mw wind project in Canada. C$850M financed ... Innergex (Canada) signed PPA for 150Mw Quebec wind farm ... Wind projects 75% - 12.3Gw - of registrations for Brazil June 16.3Gw power auction. 494 wind projects ... UK rooftop solar installs hit 2Gw ... FSLR started building 250Mw Nev project ... Intelligent Energy (UK) got $63M investment from Singapore sovereign wealth fund ... $870M finance signed by Power Africa Fund for 300Mw wind project in Kenya ... Goldwind tripled net income in '13. $69M ... Shunfeng needs $1.26B in next 12 mo for Suntech takeover ... Happy trails, pards. Onward and upward. Gates/Buffet in '16.

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