NORWAY'S PRODUCTION UP TO 1.9 MBD
NPD - Preliminary production figures for October 2017 show an average daily production of 1 901 000 barrels of oil, NGL and condensate, which is an increase of 141 000 barrels per day compared to September.
Total gas sales were 10.9 billion Sm3 (GSm3), which is an increase of 1.5 GSM3 from the previous month.
Average daily liquids production in October was: 1 540 000 barrels of oil, 330 000 barrels of NGL and 31 000 barrels of condensate.
Oil production is approx. 4.5 percent lower than the NPD's forecast, and about 0.9 percent below the forecast so far this year.
The main reasons that production in October was below forecast is that Goliat was closed down most of the month and production from Gina Krog was less than expected, one of the reasons being loading problems due to bad weather.
The increase in oil production since September is a result of increased production on several fields, with Snorre and Ivar Aasen having the largest increases.
The total petroleum production for the first ten months in 2017 is about 197.9 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 77.6 MSm3 o.e. of oil, about 18.2 MSm3 o.e. of NGL and condensate and about 102.1 MSm3 o.e. of gas for sale. The total volume is 7.1 MSm3 o.e. higher than in 2016.
Final production figures from September 2017 show an average daily production of about 1.445 million barrels of oil, 0.316 million barrels of NGL and condensate and a total of 9.4 billion Sm3 saleable gas production.
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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.