ENI DOWN 70%
- Hydrocarbon production: 1.754 million boe/d in the quarter, up 10.7%; 1.726 million boe/d in the first half, up 9%, record organic growth since 20001. Excluding positive price effects, production increased 7.1% (up 5.2% in the first half);
- Increased guidance for full-year production growth from 5% to over 7%;
- New fields start-ups and ramp-ups added 105 kboe/d to first half production, mainly in Angola (West Hub and Kizomba Satellites Phase 2), Congo (Nené Marine) and in the United States (Hadrian South and Lucius);
- Perla, the giant offshore gas field in Venezuela, started up in July, with industry leading time-to-market;
- The Goliat offshore oilfield in Norway's Barents Sea is next to achieve start-up;
- The resource base increased by 300 million boe in the first half, at an average cost of 1.71$/boe;
- Signed agreements for the development of new oil&gas projects in Egypt and the revision of current petroleum contracts;
- Signed LNG sale agreements for the development of the Jangkrik offshore project in Indonesia, expected to start-up in 2017.
- Cash flow2: €3.37 billion for the quarter (€5.68 billion in the first half), stable compared to 2014 in spite of the sharply lower oil prices;
- Net borrowings: €16.5 billion at the end of June; leverage at 0.26 (0.22 at the end of 2014);
- Adjusted operating profit excluding Saipem: down 41% at €1.50 billion for the quarter (down 51% at €2.91 billion for the first half); G&P, R&M and Chemical were profitable in both 2015 reporting periods;
- Adjusted operating profit: down 72% at €0.76 billion for the quarter (down 63% at €2.33 billion for the first half);
- Adjusted net profit excluding Saipem: €0.45 billion for the quarter, down 46%; €1.05 billion for the first half, down 47%;
- Adjusted net profit: €0.14 billion for the quarter, down 84%; €0.79 billion for the first half, down 62%;
- Net profit: down €0.11 billion for the quarter; €0.59 billion for the first half, down 70%;
- Dividend proposal of €0.40 per share.
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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.