Monday, March 17, 2014

STUFF ... US Navy seized oil tanker out of rebel-controlled Libya. Another ship reportedly on way to get more oil. Libya PM has fled country. Things still falling apart ... Simbol Materials (Cal) to break ground this yr on 1st-ever plant to extract lithium from geothermal plant waste brine. '00-'12 lithium consumption up avg 6.4%/yr: USGS. ~35% of lith used in batts, 2-3% of batt content, price ... NY's largest utility believes its system will be safe from climate change effects at least 3 decades from $1B investment plan approved by regulators ... EDF: EPA est. of methane emissions from oil/gas drilling at least 100x lower than what it should be ... Large area of Greenland ice sheet once considered stable actually shedding massive amounts of ice. Scientists: future sea-level rise may be worse than expected ... Bill Koch pessimistic about coal's future in US. He's now out of the biz ... Researchers found new property of water in search for more efficient desalination ... US wood pellets could help UK coal plants cut GHG emissions 1/2: study ... Americans don't attribute unusually cold or dry winter to climate change: poll ... EU says double-counting emission credits could occur under UN plan ... 12 earthquakes recorded near OH fracking well ... DC circuit court sent Cape Wind issues over birds, whales back to Fed agencies for review ... US NG drawdown 195BCF last week. Stockpile down to 1TCF Mar 7. N East NG production down 30% yoy due to weather ... EIA expects 2% more US NG production this year, little growth in demand ... Jan Bakken oil production rebounded ~7Kb/d from Dec to 933Kb/d ... IEA: global oil production up 600Kb/d in Feb. 500K increase in Iraq ... Nuke agreement caps Iran exports at avg. 1Mb/d for 6 mo. Jan exports 1.16M, likely same in Feb ... Iran signed deal with Oman to send 10BCM NG through pipeline Oman to build. Oman to convert to LNG exports ... Russia exports ~4Mb/d crude, oil products to Europe ... Will be some phenomenal dry NG wells in Utica Shale when prices go up: geologist ... World Bank won't review Venezuela's request to overturn decision against it for seizing Conoco assets in '07 ... Canada est. oil production should reach 5Mb/d by '35. 4Q production should reach 4.25M. Exported over 95% of its crude to US 4Q ... Shell plans to cut spending in Americas 20%. Too much loss ... Eagle Ford oil production est. to break 1.5Mb/d mark in '15 ... China's largest oil refiner signed long-term contract to buy LPG (propane) from US refiner spun off from Conoco ... Saudi Aramco plans to produce 200MCF/d shale gas by '18 to supply new phospate project, power plant ... Jan 7, 6 NG-fired generators in New England - 1.5Gw cap - was unable to get NG. 1 of 5 piplelines down from compressor failure ... Syntroleum (SYNM) $9.3M operating loss in FY13 ... 1st sea trials, certifications for green fuel for Italy Navy ... USDA $33B invested in '13 created 75K jobs ... Ethanol prices up over 20% in recent months ... Ukraine offshore NG field in Black Sea holds 200-250BCM. Was trying to get it up, running before crisis. (Or does it now belong to Crimea?) ... Energy comps projecting to spend ~$37B for offshore Norway ops in '14, up from $2.3B in '13. Surge into Arctic waters. Maritime boundaries with Russia resolved in '11 after 40 yrs. Norway shelf still holds ~85B bls. '14 productioin avg. 1.46Mb/d this yr, no change from '13. New field to start production in '19, 500Kb/d peak ... Iraq Feb oil production 3.62Mb/d, 35-yr high ... Pakistan planning 3 new nuke plants. 8.8Gw by '30. 40Gw more by '50. (Will still be 15% short on el.) ... Global warming may lead to more heat-related deaths, increased flood damage in Japan: study. 3K deaths/yr now from heatstroke. May double. Avg. flood damage ~$2B/yr '81-'00 ... Europe clean energy M&A '13 activity flat v. '12. $23.8B ... Vestas signed 225Mw turbine supply agreement with juwi ... Dong Energy expanding planned capacity of offshore Germany wind project to 312Mw from 277Mw. Changing to Siemens 4Mw turbines ... UK energy regulator delayed plan 1 yr to cut Scot clean/ren transmission charges ... German residential wind, solar installs down 15% in '13. Est. Eur300M of clean/ren investment delayed.

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