Monday, August 31, 2015
WATER AVAILABILITY IN SYRIA 1/2 THAT OF 4 YRS AGO. 5M FOLKS WITH SERIOUS SHORTAGES .... 1,004 exploration oil/gas wells drilled globally in '15 so far. Down 26% from '14 .... Eni found "super giant" NG field off Egypt .... Costs over $38/bl to find, develop, produce oil globally .... Europe oil consumption peaked in '05, now falling in sync with falling production .... EIA expects US NG production to drop later this year .... Goldman cut China growth forecast to 6.4% for '16, 6.1% for '17, 5.8% for '18 .... GT Advanced Tech (GTATQ) cutting payroll 40% .... Surging earnings forecasts for First Solar (FSLR) .... JA Solar (JASO) 70 MW order from Australia comp .... Solar shipments in Japan down 13% in 2Q yoy. 1st drop since '12 incentives .... UK shale oil field est. 11B bls. Up to 15% recoverable .... Lundin Petrol says 1st production from field off Norway before yearend. Peak production expected to be 90Kb/d, 53MCF/d. Recoverable oil est. 6-50M bls .... Rosneft LNG supply/purchase deal with Egyptian Nat Gas Holding .... Israel imported up to 3/4 of its oil from Kurd Iraq in recent months .... Brazil stock market down 22% last 12 months. Currency lost 1/3 value v. $. Expects to report 2Q GDP down 1.7%. (BRICS anyone?) .... Argentinians subsidize their oil prices, now $77/bl .... US oil rig count up 1 last week, NG count down 9: EIA .... Kurds to begin regular monthly payments to oil comps .... Total to sell $5.5B of assets this year .... Southern Power to buy 51% of 200Mw solar project in Cal from Recurrent Energy (CSIQ unit). Online by end of '16 .... Construction start on 100Mw solar project in N Carolina. Principal Solar .... NRC recommending missile defense at US nuke power plants.
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