Friday, February 6, 2015
US OIL PRODUCTION GROWTH LIKELY TO HALT THIS SUMMER: EXPERT. Rig count has to fall to 600-1K. About 3-month delay between rig count and production, price. Rig count 1,223 Jan 30 .... US total crude, condensates, natgas liquids production 12.36Mb/d in Dec. Up from ~8M in '11. Double from Sept '08 low .... US oil production down 36Kb/d last week to 9.18Mb/d. (Could just be from bad weather.) ....Total OPEC spare capacity ~4Mb/d in Dec .... Iraq oil exports down 14% in Jan from Dec. Bad weather, tech probs, disagreement with Kurds .... Lower oil prices mean Keystone XL may have bigger effect on climate change than earlier thought. Without the pipe providing low-cost route to markets, tar sands may not be economically viable .... Norway set to reduce their GHG emissions 40% .... 2 large coal mine expansions moving forward in Australia .... $6.5M, 2.8Mw biogas plant coming online Mar 1 in Kenya. To consume 50K tons/yr of waste from nearby farm. 5.5 year payback. Its power to sell for 10 cents/Kwh v. diesel powergen at 38 cents .... Indiana U researchers may have found faster, cheaper, cleaner way to increase cellulosic ethanol production using nitrogen instead of fertilizer .... Japan researchers developed economical model for on-farm cellulosic ethanol making .... Woods Hole Institute producing biodiesel, jet fuel from algae .... Brazil to implement 27% ethanol blend Feb 15 .... Imperial Oil to reduce spending 29% this year to ~$3.2B .... 4th nuke power plant in Taiwan to be mothballed in July, this one for 3 yrs. Over NT$3.38B cost .... Allianz buying 33Mw wind project in Sweden. Online in '16. Google to buy its power for 10 yrs for Finland data center .... Vestas got 36Mw wind turbine order from Jamaica comp. Online 1Q16. $62.7M intl funding. Vestas also to supply 74Mw for China project online 4Q15. And 106Mw Brazil order .... EDF, CGN (China) signed nuke power coop agreement .... Alstom, Andrade Gutierrez JV to make wind power towers in Brazil. 30M Euro investment. 200 towers/yr .... Williams, partner commissioned 120MCF/d NG processing plant in Powder R. Basin Niobrara shale .... Salt Lake City getting $600K DOE SunShot grant to help expand solar for homes, businesses .... EPRI meeting Feb 11 in DC to support clean energy entrepreneurs, incubators around US .... Borrego Solar expects installs to double this year from 51Mw in '14. Higher demand in Cal, NY, Mass .... Up to 9.8Gw solar may be installed in US this year: Bloomberg. Expecting over 12Gw in '16 .... UK sold its 50M shares of Greencoat wind power fund. $2.6B being raised by Greencoat, follow-on funds .... Dominion investing $700M to build 400Mw solar in VA. All online by '20. They have 744Mw solar operating, in development or under construction .... Hitachi, Sumitomo, Mitsubishi, 7 partners to build 220Mw offshore wind farm in Japan. '20 groundbreak. Probable cost ~100B Yen .... Marubeni, 4 partners to build 2 offshore wind farms in Japan. 65Mw, 80Mw projects online as early as '21 .... Dong Energy bought remaining share of UK offshore wind project. Cap may reach up to 1.2Gw. Online ~'20 .... Principal Solar to sell power to Duke Energy from 78.5Mw, $173M project in NC. Online early '16 .... Daiwa JV to build 2Mw hydropower in Japan. Online late '17 .... GDF Suez investing $7.2M in Tendril (US) energy mgmt software platform. Will help Tendril expand in Europe. GDF may license the tech .... Indiana Michigan Power $38M solar pilot project OK'd .... Ormat, Northloaf Capital in $438M geothermal power JV.
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