the Norwegian authorities have taken welcome steps to strengthen the financial system.

Norway's preliminary production figures for July 2020 show an average daily production of 2 062 000 barrels of oil, NGL and condensate.

The return on the fund's equity investment was -6.8 percent. Investments in unlisted real estate returned -1.6 percent, whereas the fixed income investments returned 5.1 percent. The fund's overall return was 11 basis points lower than the return on the benchmark index.

Norway's preliminary production figures for June 2020 show an average daily production of 1 857 000 barrels of oil, NGL and condensate.

“The combination of South Korean technology and manufacturing excellence, with Norwegian maritime and photovoltaic expertise, is a very good match,” said Ocean Sun CEO Børge Bjørneklett.

Oil companies, including Norway’s state-controlled Equinor, have said they intend to reduce both operating and capital spending in order to preserve cash during the downturn.

Norway's preliminary production figures for April 2020 show an average daily production of 2 117 000 barrels of oil, NGL and condensate,

The supplies were the lowest since October last year when Norway delivered just 7.39 Bcm to the UK and Continental Europe.

Norway's preliminary production figures for March 2020 show an average daily production of 2 038 000 barrels of oil, NGL and condensate,

"At the same time, the industry has announced and initiated a number of measures, and we can already see that this is affecting activity on the Norwegian shelf. Substantial cost cuts have been announced, reducing both exploration activity, investments and operating costs moving forward," says Director General Ingrid Sølvberg.