Monday, February 16, 2015

IMF $17.5B CREDIT TO UKRAINE. GAZPROM WANTS $2.4B OF IT .... New EU sanctions on Russia .... Egypt bombing ISIS targets in Libya .... Nigeria wants US help to fight Boko Haram .... Bahrain deploying warplanes to Jordan for ISIS war .... Japan back out of recession, but growth slower than forecast .... WTI over $53, Brent over $61. US natgas up to $2.87 .... Global warming climate change hampering world food production: scientists. (So is food or cropland for fuels.) .... India state bank to provide $12B for new clean/renewable power development .... India's Yes Bank to launch 1st green infrastructure bond issue .... N Dakota drillers boosted Dec oil production to 1.2Mb/d .... Apache plans to cut its drilling fleet 70%. Revised its est. production growth down to zero .... Tullow slashed exploration budget 80% to $200M. Suspended dividend .... Total to cut jobs, freeze hiring, sell $5B of assets, cut spending to $1.2B, cut investment to $23-24B, spend 30% less on exploration this year. The cash infusion will let them breakeven at $70 oil (includes some profit) .... China bank to finance majority of $2B for 1Gw coal power plant project in Kenya .... Belgium provided near $15B '03-'13 to fund exports of coal power, coal mining tech: Reuters .... Balfour sold 80% of its stake in Brit offshore wind power transmission project for 40M Pounds .... Bluefield Solar Income Fund buying 48Mw of solar farms in England for $83.2M .... THDC India to develop 250Mw of solar .... Mytrah Energy to develop 220Mw wind in Andhra Pradesh .... 4Q14 solar PV module revenues of 20 leading global suppliers up to 3-yr high $5.9B .... India nuke power pact with Sri Lanka.

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