Monday, June 23, 2014

ISIL TOOK IRAQ'S BAIJI refinery over weekend. Gasoline shortages already in Mosul, Kurdistan, Baghdad. If govt can't retake it, may have to blow it up. Baghdad still controls 350Mw hydropower dam upstream ... 2 tankers - 1.3M bls - loaded in Libya over weekend, left port ... NATO detected new buildup of Russian forces on Ukraine border ... EIB lending $132M to GazSystem (Poland) to expand pipeline to move NG to Czech Republic, Slovakia, Ukraine ... China moving 2nd offshore oil rig closer to Vietnam ... US oil crude, NG liquids production in May up 14.7% over May '13 ... Gazprom Neft to drill Arctic waters this summer ... Russia official: investments in E Russia oil development expected to grow by over $1T. Eastern direction in oil/petrol products exports to increase from 12% to 23% of country's total ... ENI reached 25Kb/d production rate at 200M barrel field offshore N Slope Alaska ... BP, CNOOC $20B long-term deal for BP to supply LNG to S East China ... Statoil, Exxon NG discovery offshore Tanzania adds 2-3TCF to field, now total 20TCF ... 200-970K abandoned oil/gas wells in PA account for 4-7% of est. man-made methane emissions in state: Princeton U study. Also risk to groundwater ... American Airlines cutting flights to Venezuela from 48 to 10 in dispute over revenues being held by Venezuela ... US production of oil/gas/coal on Fed lands, waters down 7% in '13, largely from cut in WY coal production: EIA ... California to impose 6.5 cents/bl fee on oil-by-rail to Cal starting next year. Same fee for every barrel piped to refineries from inside state. Will raise $11M/yr for oil spill prevention, emergency clean up.

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