Saturday, August 23, 2014

UKRAINE COAL POWER PLANTS CLOSING DOWN. Some to run out of coal in 15-35 days. Supply lines cut ... Turkey suspending drilling in 6 oil fields in Iraq operated by Turk state-run TPAO ... Rosneft to buy bulk of Morgan Stanley's physical oil trading ops ... Some 6.5M bls of Kurd crude has been shipped to world markets since May: Turk Energy Ministry. 7th tanker getting loaded. Most recent delivery to Croatia after purchase by Hungary's MOL ... Kurds increasing capacity of pipeline to Turkey to 300Kb/d from 120K ... 2 Turk banks lending $1B to TPAO so it can buy Total's stake in Azerbaijan natgas project ... Kuwait in new 10-year deal with Sinopec to near double shipments to 300Kb/d. Cost plus freight basis ... BP to spend $9B in Australia oil/gas development ... YPF shale oil discovery in Argentina ... Apache exploration well offshore W. Australia found up to 300M bls ... Norway energy comp to buy Marathon's Norway biz ... Vine Oil & Gas, Blackstone Energy Partners buying Haynesville assets from 2 Shell affiliates for $1.2B. 107K acres in N. Louisiana in core of shale gas basin ... Brightoil bought Anadarko oil field stakes in China for ~$1B ... Over 1/5th of world power gen now clean/renewable. (Not including nuke.) Clean/ren over 56% of all new power gen added in '13 ... 4K Gw offshore wind potential of US coasts, Gulf of Mex, Great Lakes ... IRS clarified beginning of construction rules for clean/ren power projects.

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