ROSNEFT'S WORLD RECORD: 15000 M
ROSNEFT - Rosneft as a member of Sakhalin-1 Consortium successfully completed drilling of the world's longest well from Orlan platform at Chaivo field in the Sea of Okhotsk.
The length of the well with horizontal completion is 15000 m which currently is a world record. This is a supercomplex well with DDI (Directional drilling index) of 8.0 and 14,129 m stepout.
A number of world records have been set in extended reach drilling since the start of drilling at Sakhalin-1 project in 2003. Taking into account the new record long well the Sakhalin-1 Consortium drilled 9 out of 10 of the world's longest wells.
Sakhalin-1 extended reach drilling is among the fastest in the world owing to the advanced and efficient technologies such as "Fast Drill". This technology combines high quality modeling of physical parameters of drilling with a structured approach to well designing. Extended reach drilling reduces costs of construction of additional offshore structures, pipelines and other field infrastructure facilities and it also mitigates environmental impact due to smaller drilling and production footprint.
Since 2013 the project has set five world records for measured depth of wells. In April 2015 development well О-14 with length of 13,500 m, 13,000 m long Z-40 well was drilled and completed in 2014, wells Z-43 and Z-42 were drilled in April and June 2013 with the length of 12,450 and 12,700 m, respectively.
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AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.
TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.
ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.
FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.