INSURGENTS BLEW UP main Yemen oil export pipeline last week. 70-110Kb/d capacity. Yemen exports down 40% Jan to May vs. last year ... Rosneft closed deal to buy Venezuela, Russian assets from 8 oil services comps. Also signed deal for offshore Venezuela projects. (Might be that $4.4B deal outside sanctions.) ... Musk chose S TX for Space X port ... New oil pipes expected to open next 2 months to bring more Canada oil to US Gulf coast ... Possible treaty between Israel, Egypt, Jordan, Sauds, others against Shia, Sunni extremists ... EU spends avg. $1B/d on energy imports ... Algeria LNG exports in decline from lagging foreign investment ... Nigeria LNG losing global market share from lack of investment ... Up to 1.6B bls oil offshore Ireland in limbo from lack of investment partners ... China corruption probe stretching into Canada oil sands projects ... CO2 well injection produces ~280Kb/d in US: EIA ... Seismic oil field surveyor cutting back in Norway, Nigeria, Venezuela ... Protesters arrested at site of 1st tar sands mining ops in US (Utah). Possible spike in local infant deaths from increase in oil/gas ops emissions ... Freeport LNG Development cleared for exporting 1.8BCF/d ... Japan spent 57% more on fossil fuels in year ended Mar 31 vs. '11. Fossil now ~88% Japan's power output. 60% before Fukushima. 4 nukes could be operating by yearend.