THE LARGEST NORWEGIAN OIL
According to NPD, preliminary production figures for July 2016 show an average daily production of 2 136 000 barrels of oil, NGL and condensate.
Oil Production was 1 728 000 barrels, and is the largest monthly oil production volume in five years (March 2011). Total gas sales were 9.1 billion Sm3 (GSm3), which is an increase of 0.9 GSM3 from the previous month.
Average daily liquids production in July was: 1 728 000 barrels of oil, 375 000 barrels of NGL and 33 000 barrels of condensate.
The oil production is 10 percent above the oil production in July last year and is nine percent above the NPD's prognosis for July 2016. It is an increase of 322 000 barrels of oil per day (about 18 percent) compared to June 2016. It is usual with somewhat of a decrease in production in June because of some fields being closed for maintenance.
The high level of production in July is due to many fields producing above prognosis, and because Goliat is now contributing considerably and is the fourth largest oil producer in July.
The total petroleum production for the first seven months in 2016 is about 138.1 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 54.4 MSm3 o.e. of oil, about 13.6 MSm3 o.e. of NGL and condensate and about 70.1 MSm3 o.e. of gas for sale. The total volume is 7.3 MSm3 o.e. higher than in 2015.
Final production figures from June 2016 show an average daily production of about 1.449 million barrels of oil, 0.365 million barrels of NGL and condensate and a total of 8.2 billion Sm3 saleable gas production.
|March, 16, 10:40:00|
|March, 16, 10:35:00|
|March, 16, 10:30:00|
|March, 16, 10:25:00|
|March, 16, 10:20:00|
|March, 16, 10:15:00|
BLOOMBERG - While Europe as a whole gets more than a third of its gas from Russia, that share is lower in the U.K., which receives the bulk of its fuel from North Sea fields and Norway. Still, Moscow-based Gazprom PJSC was the second-biggest supplier to major industrial consumers in the U.K. last year, according to Britain’s energy regulator Ofgem.
FT - of the six LNG tankers that have made deliveries into the UK so far in 2018 three have carried cargoes originally from Russia, leading to questions about whether Moscow was gaining a foothold in the UK gas market after starting up the Yamal LNG facility in Siberia late last year.
REUTERS - So far this year, two Yamal cargoes unloaded at British terminals for domestic consumption, accounting for about a third of Britain’s 2018 LNG imports after typical supplier Qatar pre-sold the bulk of its winter output to Asia last year.
REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $60.77 a barrel at 0753 GMT, up 6 cents, or 0.1 percent, from their previous settlement. Brent crude futures LCOc1 were at $64.62 per barrel, down just 2 cents from their last close.