GLENCORE: 3.159 MB, UP 46%
Glencore's equity oil production in the first half of 2014 was 3.159 Million barrels, up 46% from 2.159 Million barrels in the first half of 2013.
The commodity trader is growing its portfolio in upstream oil and gas, though, for now, the only producing African assets are in two countries; Equatorial Guinea and Chad Republic.
"Gross oil E&P production (in 1H 2014) was 14 Million barrels, up 41%, relating to full period operations at Alen (Equatorial Guinea) and Badila (Chad) which came on line during 2013" the company says in its report.
Glencore's aggressive paddling upstream enhances the company's lock- in of the crude oil trading opportunity, as it funds the upstream property.
Glencore has 23.5% in Equatorial Guinea Block I, where the Aseng field lies. The field came on stream in 4th quarter 2011. In Alen field, on Block O, Glencore holds 25%. In Cameroon, the company has 90% and 100% operatorship in Matanda and Bolongo blocks respectively. Equatorial Guinea looks like the jewel in Glencore's upstream portfolio, but Chad is coming up.
In 2012, Glencore bought a 33% stake in the DOB (Mangara) and DOI (Badila) blocks located in southern Chad, the Doseo/Borogop Concessions and the DOH Concession. Glencore also acquired from Caracal a 25% share in the Magara and Badila fields which started exporting through the Chad-Cameroon pipeline in March 2014. The Swiss-based producer-trader then boosted its stake in the fields to 35% by buying an additional 10 percent stake from Chad's state oil company SHT. Glencore had off take rights for its own equity oil and that of Caracal Energy, its partner. Separately, Glencore has export off take rights for 90% of the total Chad Government barrels under a pre-financing deal. Then on July 8, 2014, Glencore acquired Caracal Energy, for approximately $1.6 billion.
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WNA - Apart from adding capacity, utilisation of existing plants has improved markedly since 2000. In the 1990s capacity factors averaged around 60%, but they have steadily improved since and in 2010, 2011 and 2014 were above 81%. Balakovo was the best plant in 2011 with 92.5%, and again in 2014 with 85.1%.
WNA - India has a flourishing and largely indigenous nuclear power programme and expects to have 14.6 GWe nuclear capacity on line by 2024 and 63 GWe by 2032. It aims to supply 25% of electricity from nuclear power by 2050.
WNA - Mainland China has 38 nuclear power reactors in operation, about 20 under construction, and more about to start construction. The reactors under construction include some of the world's most advanced, to give a 70% increase of nuclear capacity to 58 GWe by 2020-21. Plans are for up to 150 GWe by 2030, and much more by 2050.
PLATTS - "The domestic uranium mining industry needs US government assistance to survive the foreign onslaught -- particularly from Russia and Kazakhstan -- that has undermined the US uranium industry while new players -- particularly China -- will soon make the situation worse," Energy Fuels and Ur-Energy said in a petition they jointly filed with the department.