NORWAY'S OIL PRODUCTION DOWN 128 TBD
NPD - Preliminary production figures for May 2017 show an average daily production of 1 980 000 barrels of oil, NGL and condensate, which is a decrease of 128 000 barrels per day compared to April.
Total gas sales were 9.3 billion Sm3 (GSm3), which is a decrease of 1.2 GSM3 from the previous month. "The decline in gas sales is as expected, caused by natural fluctuations in the market," says assistant director Kirsti Veggeland.
Average daily liquids production in May was: 1 612 000 barrels of oil, 349 000 barrels of NGL and 18 000 barrels of condensate. The oil production is about 2.8 percent above the oil production in May last year and is about 1.9 percent above the NPD's prognosis for May 2017. The oil production is about 1.9 percent above the prognosis so far this year.
The total petroleum production for the first five months in 2017 is about 101.9 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 39.9 MSm3 o.e. of oil, about 9.7 MSm3 o.e. of NGL and condensate and about 52.3 MSm3 o.e. of gas for sale. The total volume is 0.2 MSm3 o.e. higher than in 2016.
Final production figures from April 2017 show an average daily production of about 1.704 million barrels of oil, 0.404 million barrels of NGL and condensate and a total of 10.5 billion Sm3 saleable gas production.
|September, 22, 09:20:00|
|September, 22, 09:15:00|
|September, 22, 09:10:00|
|September, 22, 09:05:00|
|September, 22, 09:00:00|
|September, 22, 08:55:00|
Instead, with the planned referendum just days away, Russian state oil giant Rosneft announced its latest investment last week, to help Iraqi Kurdistan develop its natural gas industry, for domestic supplies and eventual export.
Iran exported over 5 billion cubic meters (bcm) of natural gas during the first five months of the current Iranian calendar year (March 21-August 22), Dispatching director of National Iranian Gas Company (NIGC) announced.
Gazprom Neft has shipped its second and largest cargo of Iraqi crude to the US since the Badra field, its flagship overseas oil project, came on stream in 2014, the Russian oil company said Tuesday.
Qatargas has agreed to sell 1.5 million tpy of LNG to Turkey’s BOTAŞ Petroleum Pipeline Corporation (BOTAŞ) over a period of three years