Monday, February 9, 2015

SHIITE REBS DISSOLVED YEMEN PARLIAMENT .... US rig count down another 83 last week. 94 in previous week. Over 30K oil jobs cut so far .... IEA: world oil/liquids demand hit 94.4Mb/d in 4Q14. Up 1M yoy .... ~12-15M bls oil being stashed on sea tankers mid-Jan. In '09, up to 100M bls were stored at sea .... Insulation plastic in hi-volt cables can withstand 26% higher voltage if nano-sized carbon balls added. (What's the cost?) .... Duke took majority stake in REC Solar. $225M more available for financing commercial projects .... Global oil industry now producing 1.5Mb/d surplus .... 1.8Mb/d new production to come onto global mart in '15: Deloitte .... 2 more US refineries went on strike over weekend. Now 11. Management staffing so far. Union workers do maintenance, overhauls .... China exports down 3.3% in Jan yoy. Imports down 19.9% .... Beijing expected to announce new '15 GDP growth target of 7% soon .... CNOOC announced 26-35% capex cut for '15 .... Another round of Ukraine-Russia peace talk starts this week in MInsk. Rebs plan to recruit another 100K fighters .... 5 largest oil majors' oil/gas production dropped avg. 3.25% in '14 .... UK OK'd shale gas exploration in Lancashire .... Suncor pushing ahead with tar sands project. $1.3B this year on it. Online est. '18 .... EU trying to unify their energy sectors .... JV set to break ground on 510Mw coal power plant in S. Philippines this quarter. Online in '18 .... Sun Ed (SUNE) finished 7.7Mw solar plant for India auto comp .... GE to supply Dominican Republic utility with 14K smart meters, advanced metering infrastructure .... Principal Solar plans to build largest solar plant east of Rockies in NC. 78.5Mw for $173M .... Algeria, Netherlands to boost their energy cooperation .... NEXTracker raised $25M for PV tracking systems production expansion. SUNE buying their systems .... Gamesa got 2 orders from India for 250Mw total .... ET Solar, Tech Access to build 21.5Mw in Pakistan .... INOX won 166Mw of wind contracts in India .... Terra Ferma (TERP) to deploy Eur1B capital into asset-backed business.

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