NORWAY'S OIL PRODUCTION UP 63 TBD
NPD - Preliminary production figures for March 2017 show an average daily production of 2 145 000 barrels of oil, NGL and condensate, which is an increase of 63 000 barrels per day (approx. 3 percent) compared to February.
Total gas sales were 11.2 billion Sm3 (GSm3), which is an increase of 1.1 GSM3 from the previous month.
Average daily liquids production in March was: 1 734 000 barrels of oil, 380 000 barrels of NGL and 31 000 barrels of condensate. The oil production is about 8.0 percent above the oil production in March last year and is about 4.3 percent above the NPD's prognosis for March 2017. The oil production is about 1.6 percent above the prognosis so far this year.
The total petroleum production for the first three months in 2017 is about 62.6 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 24.0 MSm3 o.e. of oil, about 5.9 MSm3 o.e. of NGL and condensate and about 32.8 MSm3 o.e. of gas for sale. The total volume is 0.3 MSm3 o.e. higher than in 2016.
Final production figures from February 2017 show an average daily production of about 1.668 million barrels of oil, 0.414 million barrels of NGL and condensate and a total of 10.1 billion Sm3 saleable gas production.
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BLOOMBERG - Treasury Secretary Steven Mnuchin told a Texas judge that Exxon Mobil Corp. doesn’t have a right to see privileged documents related to a $2 million fine assessed against the energy company for violating sanctions related to Russia’s 2014 invasion of Ukraine.
NPD - Preliminary production figures for June 2018 show an average daily production of 1 747 000 barrels of oil, NGL and condensate, which is an increase of 88 000 barrels per day compared to May.
NOVATEK - In the first half 2018, NOVATEK’s hydrocarbons production totaled 264.3 million barrels of oil equivalent (boe), including 32.93 billion cubic meters (bcm) of natural gas and 5,864 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 6.3 million boe, or by 2.4%, as compared to the first half 2017.
REUTERS - Brent crude futures LCOc1 were down 75 cents, or 1 percent, at $78.11 a barrel by 0308 GMT, having fallen as low as $77.60. U.S. crude CLc1 was down 55 cents, or 0.7 percent, at $73.56.