Monday, May 5, 2014
Gazprom reportedly behind Slovakia holding back NG deliveries to Ukraine. Uke getting very small amounts already from Poland, Hungary. But Slovakia govt doesn't want to rile Gazprom. Reportedly ... Putin signed law allowing oil/gas comps to have private armed security forces to defend their infra. (Big deal? What huge corp doesn't have a security force?) ... China already top world econ: World Bank. (China doesn't want the responsibility. Tried to suppress the report. Reportedly.) Based on PPP, whatever that is. And exchange rates. India gone ahead of Japan for 3rd ... China wages up 11% in '13. Expecting same for '14. Higher prices coming. (What's new?) ... US, Canada only countries in world to award birthright citizenship. (Isn't that a little 19th century?) ... UK to pay homeowners for energy efficiency measures ... Mercedes EV sedan coming to US in July ... Dominion seeks to recover ~$300M in polar vortex fuel costs from customers ... Kansas House blocked last-minute attempt to nullify renewable fuel standard ... Berkshire Hathaway unit to buy Alberta power comp ... Canada cautioning over dearth of fracking health data ... 8Kb/d drop in US crude production week before last: EIA. (Maybe adjusting back to states' real data.) ... PIpeline replacement in Kazakhstan to take up to 2 yrs. Giant oil field on hold. (Kazakhs could come apart by then.) ... Vietnam protesting China rig placement in disputed waters ... Iraq elections over. Only 14 killed on election day ... 2nd of 2 small oil export ports supposed to open this week in Libya. Combined cap 140Kb/d. Tribesmen ended blockade of 340Kb/d oil field. But another group still blocking pipeline to coast. New prime minister elected over weekend. But confusion over vote validity ... BG warned its Egypt NG biz about to collapse. Cairo owes them $1.4B, took all BG NG production in 1Q for powergen. BG couldn't export any LNG for revs ... ~60% of 94Gw China added in '13 was clean energy ... Converting low-grade coal to methane makes 82% more carbon emissions than burning the coal for power. 18 new such plants approved in China. (So why the hell do they want to do that?) ... Early results from offshore Angola drilling show may be 400-700M bls in region. (Yay! More expensive-to-get oil to further pollute the planet. Woo hoo.) ... Suncor, Valero poised to use only N Am crude in east Canada by '15 ... Cold winter in east US pushed Exxon's avg NG sales prices up 49%. (I would say nice gouging but for their losses the rest of year.) ... US Silica sold 1.3M tons of sand to oil/gas industry (for fracking) in 1Q14, up 45% yoy. Customers want 4x, 5x more ... Only 3 comps voluntarily reporting production data in Bakken concerning rail shipment safety ... Senators who drafted law to support Keystone XL got $21M from oil industry. (Um, is that too obvious?) ... Total, CNPC, Russia comp investing $27B to develop 1 of world's biggest LNG export facility in Siberia Arctic ... Canada's BC govt wants at least 3 LNG export facilities built by '20. Basing future revs, jobs forecasts on 5-7 facilities. (73M more tons/yr GHG emissions.) ... Alberta oil sands release 101M tons GHGs/yr ... Not enough NG pipelines from Marcellus to N East US to keep power prices down ... Total US el sales down 4 of 5 yrs '08-'12 ... Mexico released new rules for oil/gas sector. Should attract guick intl investment. Mex oil production down 25% '04-'13 ... Gazprom production down near 8% in March to 40BCF/d. Russia oil production down .2% in April. 4th monthly decline in row. (Winter.) ... US' N East emergency gasoline storage facility to hold ~1M bls. Costing $215M to build ... Siemens to supply 270Mw for Ontario wind project. Samsung unit, PEGI consortium. Kansas nacelle assembly ... Natl Climate Assessment Tuesday ... Spam fighting big-headed Cal ants. (Can't make this stuff up.) ... Ozone levels will rise dramatically as climate warms: study ... Scientists working on creating farm animals that can adapt to global warming ... Chinese soot causing haze in Alaska sky ... NJ has given out less than 1/4 of $1.8B Sandy fed aid ... Cal city plans to restart closed desalination plant ... Fed judge dismissed latest attempt to prevent Cape Wind project ... Gamesa won 144Mw turbine order in Brazil. 6 projects ... Tribute Resources sold 10% stake in 105Mw Ontario wind farm to Capital Power ... Clear Edge Power (Cal fuel cell developer) filed bankruptcy. Owes over $16M.
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