Thursday, May 1, 2014
Costs $104.5/bl to produce non-OPEC crude. $114 in '12. (We're out of cheap crude, pards. Yet, WTI under $100 today and oil comps still making profits. Take news with salt and add thought.) ... Oil in James River from train derailment. Man o man. (My brother the railroad guy thinks there may be track sabotage.) ... SPWR best positioned to succeed globally: analyst ... Georgia (the country) pushing for fast track to NATO ... Shale gas drillers living on junk bonds to stay on tread mill of losses hoping for higher NG prices ... Exxon, Chevron, Shell spent total $120B to boost production in '13. That's what it cost to put man on the moon. Profits dropping ... EIA predicts clean/renewable energy to be 16-27% US powergen capacity by '40. (Should be more than that.) ... Energy efficiency the most cost-effective way to meet GHG emissions targets: report ... US has potential to double hydropower cap: DOE ... China plans to incorporate high polluting regions into emissions trading ... Exelon buying Pepco for $6.8B ... UK set to lead Europe's utility-scale solar mart in '14. 120 projects recently approved, many targeting completion next 12 mo. 444 large-scale projects at various planning stages. 325+ solar plants in Mw class already operating. 60 over 10Mw. Existing solar portfolio valued ~$4.2B. (Probably over 1Gw.) ... US put ~75BCF into storage last week, ~30% above week's norm ... Iran kicked out CNPC for "lack of commitment" on oil field development ... Turkey says Kurds allowed to export oil ... US Jan biodiesel production down almost 50% from Dec to 70M gal: EIA. 89 operating biodies plants, cap 1.9B gal/yr ... Wisc research project to create ethanol from dairy waste. (Now THAT is a good idea. If it's excess waste after soil fertilization.) ... Pump prices drove Sao Paulo folks to switch from ethanol to gasoline. Local ozone levels dropped 20%. NOx, CO levels went up ... Tanzania's 46TCF of NG reserves expected to reach 200TCF next 2 yrs. Pricewaterhouse Coopers predicts high LNG exports within a decade. Their econ growing over 7%/yr. Exxon, Statoil, others developing ... Israel expected to start exporting NG in '16 ... Turkey gets 2/3 of its NG from Russia ... NG processing in Bakken up to 1.2BCF/d end of '13. Still over 35% of NG being flared. $100M/mo loss. Natl flaring avg. under 1% ... ND Feb oil production over 951Kb/d. Near all from Bakken, 3 Forks. NG production ~1MCF/d ... Petrobras' April offshore production in controversial new field 428Kb/d. Another platform online in Mar. (It's expensive, but majors may take another look at next auction.) ... Putin threatened retaliation against western oil/gas comps ... Bakken produced its 1Bth bl. ND 852M, MT 151M. 2/3rds in last 3 yrs ... ACCIONA got Eur77M contract to build 46Mw fuel oil fired/ICE peak plant in Baja. Innovative NOx emission control ... EnergySavvy got $7M in latest round. Demand-side energy efficiency software for utilities ... First Wind closed finance on 148Mw, $369M Maine project. Online 4Q15. Vestas turbines ... Strata Solar completed 9 utility scale projects in NC. Used up to $100M tax equity from Wells Fargo. 3 plants at least 6Mw. 35% NC renewable energy tax cred ... Mars partner with Sumitomo on 200Mw TX wind project. Online 2Q15. To offset all of Mars US energy use. $345M ... Earthquake detection equipment could help track Arctic glaciers' ice loss ... 2 dead, 9 hurt in TX oil field explosion ... Possibly NG explosion in FL jail. 2 dead, 150 hurt ... EPA offering new round of grants for clean diesel projects ... UN calling for Great Barrier Reef protection from dumping plan for offshore coal export facility ... Bond financing for clean/ren energy has come to halt in '14 ... Shunfeng PV bought Sunways inverter, BIPV units ... SUNE unit planning 117Mw Chile solar project ... DONG 320% rise 1Q net yoy to Eur214M ... Yingli raised $83M in share offer ... Iberdrola Renovables 27% drop yoy EBITDA 1Q ... PLUG raised $116M in offer.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment