NORWAY'S PRODUCTION DOWN 60 TBD
NPD - Preliminary production figures for December 2016 show an average daily production of 2 094 000 barrels of oil, NGL and condensate, which is a decrease of 60 000 barrels per day (approx. 3 percent) compared to November.
Total gas sales were 10.9 billion Sm3 (GSm3) which is an increase of 0.2 GSM3 from the previous month.
The total petroleum production in 2016 is about 233.0 million Sm3 oil equivalents (MSm3 o.e.), This is 2.8 MSm3 o.e. higher than in 2015. The oil production increased for the third consecutive year in 2016, and gas production was at the same level as the previous year, which was a record year for production. The high level is in part due to good regularity on the fields, and the fact that various efficiency measures have led to substantial reductions in operating and exploration costs.
Average daily liquids production in December was 1 693 000 barrels of oil, 369 000 barrels of NGL and 32 000 barrels of condensate. The oil production is about 3.5 percent above the oil production in December last year and is about 9 percent above the NPD's prognosis for December 2016. The oil production is about 5.5 percent above the prognosis this year.
The total petroleum production in 2016 is about 233.0 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 94.1 MSm3 o.e. of oil, about 22.1 MSm3 o.e. of NGL and condensate and about 116.8 MSm3 o.e. of gas for sale. In 2015 the production was about 91.0 MSm3 o.e. of oil, about 22.1 MSm3 o.e. of NGL and condensate and about 117.2 MSm3 o.e. of gas for sale.
The total volume in 2016 was 2.8 MSm3 o.e. higher than in 2015.
Final production figures from November 2016 show an average daily production of about 1.757 million barrels of oil, 0.397 million barrels of NGL and condensate and 10.7 billion Sm3 saleable gas.
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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.