NORWAY'S PETROLEUM PRODUCTION UP TO 93 TBD
NPD - Preliminary production figures for July 2017 show an average daily production of 2 000 000 barrels of oil, NGL and condensate, which is an increase of 93 000 barrels per day compared to June.
Total gas sales were 10.6 billion Sm3 (GSm3), which is an increase of 2.0 GSM3 from the previous month and is higher than ever for the month of July.
Average daily liquids production in July was: 1 622 000 barrels of oil, 346 000 barrels of NGL and 32 000 barrels of condensate. The oil production is about 7.0 percent below the oil production in July last year and is about 0.7 percent below the NPD's prognosis for July 2017. The oil production is about 1.2 percent above the prognosis so far this year.
The total petroleum production for the first seven months in 2017 is about 140.1 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 55.5 MSm3 o.e. of oil, about 13.1 MSm3 o.e. of NGL and condensate and about 71.5 MSm3 o.e. of gas for sale. The total volume is 2.1 MSm3 o.e. higher than in 2016.
Final production figures from June 2017 show an average daily production of about 1.570 million barrels of oil, 0.337 million barrels of NGL and condensate and a total of 8.6 billion Sm3 saleable gas production.
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IEA - For the third consecutive year, global energy investment declined, to USD 1.8 trillion (United States dollars) in 2017 – a fall of 2% in real terms. The power generation sector accounted for most of this decline, due to fewer additions of coal, hydro and nuclear power capacity, which more than offset increased investment in solar photovoltaics.
EIA - Crude oil production from the major US onshore regions is forecast to increase 143,000 b/d month-over-month in July from 7,327 to 7,470 thousand barrels/day , gas production to increase 1,066 million cubic feet/day from 69,466 to 70,532 million cubic feet/day .
U.S. FRB - Industrial production rose 0.6 percent in June after declining 0.5 percent in May. For the second quarter as a whole, industrial production advanced at an annual rate of 6.0 percent, its third consecutive quarterly increase. Manufacturing output moved up 0.8 percent in June.
U.S. DT - The sum total in May of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $69.9 billion. Of this, net foreign private inflows were $58.8 billion, and net foreign official inflows were $11.1 billion.