NORWAY'S OIL UP OF 26 TBD
NPD - Preliminary production figures for December 2017 show an average daily production of 1 932 000 barrels of oil, NGL and condensate, which is an increase of 26 000 barrels per day compared to November.
Total gas sales were 11.2 billion Sm3 (GSm3), which is an increase of 0.3 GSM3 from the previous month.
Average daily liquids production in December was: 1 538 000 barrels of oil, 363 000 barrels of NGL and 31 000 barrels of condensate.
Oil production 2017
Oil production is approx. 4 percent lower than the NPD's forecast, and about 1.7 percent below the forecast this year.
The main reasons that production in December was below forecast is that Goliat was closed until the 17th of December and technical problems and maintenance work on some other fields.
Liquid production 2017
Gas production 2017
The total petroleum production in 2017 inclusive preliminary December figures was 238.7 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: 92.3 MSm3 o.e. of oil, 22.2 MSm3 o.e. of NGL and condensate and 124.2 MSm3 o.e. of gas for sale. The total volume is 6.0 MSm3 o.e. higher than in 2016.
Final production figures from November 2017 show an average daily production of about 1.510 million barrels of oil, 0.396 million barrels of NGL and condensate and a total of 10.9 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.