NORWAY'S PRODUCTION DOWN 42 TBD
NPD - Preliminary production figures for January 2017 show an average daily production of about 2 024 000 barrels of oil, NGL and condensate.
This is 42 000 barrels per day (about 2 percent) less than December 2016.
Total gas sales were about 11.6 billion Sm3, which is 0.9 GSm3 more than previous month.
The average daily liquid production in January was: 1 613 000 barrels of oil, 378 000 barrels of NGL and 33 000 barrels of condensate. The oil production is about 4.3 percent below the oil production in December last year.
The oil production is about 0.3 percent below the NPD's prognosis for the month.
The total petroleum production in January is about 21.6 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 8.0 MSm3 o.e. of oil, about 2.0 MSm3 o.e. of NGL and condensate and about 11.6 MSm3 o.e. of gas for sale. The total volume is 0.4 MSm3 o.e. higher than in 2016.
Final production figures from December 2016 show an average daily production of about 1.682 million barrels of oil, 0.384 million barrels of NGL and condensate and a total of 10.7 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.