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2017-12-20 19:15:00

NORWAY'S PRODUCTION DOWN 102 TBD

NORWAY'S PRODUCTION DOWN 102 TBD

NPD Preliminary production figures for November 2017 show an average daily production of 1 813 000 barrels of oil, NGL and condensate, which is a decrease of 102 000 barrels per day compared to October.

Total gas sales were 10.9 billion Sm3 (GSm3), which is an increase of 0.2 GSM3 from the previous month.

Average daily liquids production in November was: 1 466 000 barrels of oil, 316 000 barrels of NGL and 31 000 barrels of condensate.

Oil production is approx. 9 percent lower than the NPD's forecast, and about 1.7 percent below the forecast so far this year.

The main reasons that production in November was below forecast is that Goliat was closed during the whole month and production from Gina Krog, Draugen and other fields was less than expected, some of the reasons being technical problems and maintenance work.

The total petroleum production for the first eleven months in 2017 is about 217.2 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 84.5 MSm3 o.e. of oil, about 20.0 MSm3 o.e. of NGL and condensate and about 112.7 MSm3 o.e. of gas for sale. The total volume is 5.3 MSm3 o.e. higher than in 2016.

Final production figures from October 2017 show an average daily production of about 1.527 million barrels of oil, 0.388 million barrels of NGL and condensate and a total of 10.7 billion Sm3 saleable gas production.

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Earlier:

 NORWAY'S PRODUCTION UP TO 1.9 MBD
2017, November, 22, 11:20:00

NORWAY'S PRODUCTION UP TO 1.9 MBD

NPD - Preliminary production figures for October 2017 show an average daily production of 1 901 000 barrels of oil, NGL and condensate, which is an increase of 141 000 barrels per day compared to September.

 

 NORWAY SELLS OIL & GAS
2017, November, 20, 09:00:00

NORWAY SELLS OIL & GAS

Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to declining crude prices without its fund investing in the industry, the central bank said Thursday. The divestment would mark the second major step in scrubbing the world’s biggest wealth fund of climate risk, after it sold most of its coal stocks.

 

 NORWAY'S PRODUCTION DOWN 171 TBD
2017, October, 20, 12:10:00

NORWAY'S PRODUCTION DOWN 171 TBD

NPD - Preliminary production figures for September 2017 show an average daily production of 1 772 000 barrels of oil, NGL and condensate, which is a decrease of 171 000 barrels per day compared to August.

 

 NORWAY'S OIL PRODUCTION DOWN 41 TBD
2017, September, 15, 08:30:00

NORWAY'S OIL PRODUCTION DOWN 41 TBD

Preliminary production figures for August 2017 show an average daily production of 1 918 000 barrels of oil, NGL and condensate, which is a decrease of 41 000 barrels per day compared to July. Total gas sales were 10.4 billion Sm3 (GSm3), which is a decrease of 0.1 GSM3 from the previous month.

 

 U.S. WANT NORWAY
2017, August, 31, 12:10:00

U.S. WANT NORWAY

Norway’s $970-billion sovereign wealth fund, the world’s largest, should allocate a bigger share of its investments to renewable energy to boost returns, a U.S. energy policy think-tank said

 

 NORWAY'S INVESTMENT DOWN 21%
2016, November, 11, 18:30:00

NORWAY'S INVESTMENT DOWN 21%

Total investment in oil and natural gas extraction in Norway was 21% lower in the first half of 2016 compared with the first half of 2015, a decline of about 20.9 billion Norwegian kroner (US $3.5 billion). However, investment cuts have affected some segments of the industry more than others.

 

 IMF WANT NORWAY
2016, July, 6, 18:15:00

IMF WANT NORWAY

Directors emphasized the need for continuing structural reforms to support a successful transition and improve the efficiency of the economy. They saw merit in continued restraint in wage settlements and further reforms to reinvigorate productivity growth. Aligning public sector pensions with recent private sector reforms and reforms to sickness and disability pensions could increase labor force participation. Directors also saw scope for efficiency gains from reducing tax preferences for owner-occupied housing and relaxing supply restrictions in the housing market.

Tags: NORWAY, OIL, GAS, PRODUCTION

Chronicle:

NORWAY'S PRODUCTION DOWN 102 TBD
2018, January, 22, 08:20:00

RUSSIAN NUCLEAR POWER - 2017

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NORWAY'S PRODUCTION DOWN 102 TBD
2018, January, 22, 08:15:00

INDIA'S NUCLEAR POWER - 2017

WNA - India has a flourishing and largely indigenous nuclear power programme and expects to have 14.6 GWe nuclear capacity on line by 2024 and 63 GWe by 2032. It aims to supply 25% of electricity from nuclear power by 2050.

NORWAY'S PRODUCTION DOWN 102 TBD
2018, January, 22, 08:10:00

CHINA'S NUCLEAR POWER - 2017

WNA - Mainland China has 38 nuclear power reactors in operation, about 20 under construction, and more about to start construction. The reactors under construction include some of the world's most advanced, to give a 70% increase of nuclear capacity to 58 GWe by 2020-21. Plans are for up to 150 GWe by 2030, and much more by 2050.

NORWAY'S PRODUCTION DOWN 102 TBD
2018, January, 22, 08:05:00

U.S. - RUSSIA'S NUCLEAR

PLATTS - "The domestic uranium mining industry needs US government assistance to survive the foreign onslaught -- particularly from Russia and Kazakhstan -- that has undermined the US uranium industry while new players -- particularly China -- will soon make the situation worse," Energy Fuels and Ur-Energy said in a petition they jointly filed with the department.

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