NORWAY'S PRODUCTION DOWN 38 TBD
NPD - Preliminary production figures for April 2017 show an average daily production of 2 111 000 barrels of oil, NGL and condensate, which is an decrease of 38 000 barrels per day (approx. 2 percent) compared to March.
Total gas sales were 10.6 billion Sm3 (GSm3), which is an decrease of 0.4 GSM3 from the previous month.
Average daily liquids production in April was: 1 704 000 barrels of oil, 377 000 barrels of NGL and 31 000 barrels of condensate. The oil production is about 4.2 percent above the oil production in April last year and is about 4.2 percent above the NPD's prognosis for April 2017. The oil production is about 2.3 percent above the prognosis so far this year.
The total petroleum production for the first four months in 2017 is about 83.2 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 32.1 MSm3 o.e. of oil, about 7.9 MSm3 o.e. of NGL and condensate and about 43.2 MSm3 o.e. of gas for sale. The total volume is 0.7 MSm3 o.e. higher than in 2016.
Final production figures from March 2017 show an average daily production of about 1.734 million barrels of oil, 0.415 million barrels of NGL and condensate and a total of 11.0 billion Sm3 saleable gas production.
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LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.
BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.
REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.
ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.