Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2017-08-31 12:10:00

U.S. WANT NORWAY

U.S. WANT NORWAY

REUTERS - 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 in a report.

The Institute for Energy Economics and Financial Analysis (IEEFA) also said Norway's parliamentary elections on Sept. 11 would provide an opportunity to review whether the fund should be allowed to invest in unlisted infrastructure projects, such as wind or solar farms.

Norway's wealth fund pools the state's revenues from oil and gas production. But a 75 percent drop in the price of oil between mid-2014 and January 2016 has depressed its returns, increasing pressure for an overhaul.

The fund, managed by the country's central bank, has a mandate from Norway's finance ministry to invest in renewable-only investment to the tune of about $5-8 billion, but some green groups say that is too modest a sum.

The finance ministry has twice rejected a proposal from the fund to invest in infrastructure projects, citing political risk and the modest size of the unlisted infrastructure market. The fund currently invests in stocks, bonds and real estate abroad only.

"One way to achieve a good outcome would to be to invest in renewable energy, a fast growing segment of the global energy economy and one that is now widely seen as a mainstream sector with a positive investment outlook," the IEEFA report said.

The IEEFA said renewables were driving deals in the listed and unlisted infrastructure market, estimated to total about $4.8 trillion.

Earlier this year, the Finance Ministry agreed with the central bank to allow the fund to increase its equity holdings to 70 percent from 62.5 percent of its total investments to try to boost the fund's returns.

This means the fund will have to re-allocate more than 500 billion crowns ($64.24 billion) over several years.

The IEEFA said Norway should invest about 35 percent of this money, or about 190 billion crowns, in renewable energy, spreading it across publicly traded utilities, listed infrastructure companies, and direct investments in listed and unlisted infrastructure.

Each of these investment opportunities have track records with returns that meet or exceed the fund's historical performance, the IEEFA said.

"The Ministry of Finance was shortsighted in its rejection of unlisted infrastructure," Tom Sanzillo, the IEEFA report author said in an email.

"The incoming government has a huge opportunity to boost the Norwegian economy with stable and attractive clean energy investments," he said.

The fund and the finance ministry were not immediately available to comment.

-----

Earlier:

U.S.: 

   

 NORWAY:

 

U.S. RIGS DOWN 6 TO 940

U.S. RIGS DOWN 6 TO 940 U.S. RIGS DOWN 6 TO 940 U.S. Rig Count is up 451 rigs from last years count of 489, with oil rigs up 353, gas rigs up 99, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 71 rigs from last years count of 146, with oi ...
2017-08-28
       

HUGE NORWAY'S OIL & GAS

HUGE NORWAYS OIL & GAS HUGE NORWAYS OIL & GAS “We have been producing oil and gas in Norwayfor nearly 50 years and we are still not halfway done. Vast volumes of oil and gas have been discovered on the Norwegian shelf that are still waiting to be pr ...
2017-08-28
 

U.S. INDUSTRIAL PRODUCTION UP 0.2%

U.S. INDUSTRIAL PRODUCTION UP 0.2% U.S. INDUSTRIAL PRODUCTION UP 0.2% U.S. - Industrial production rose 0.2 percent in July following an increase of 0.4 percent in June. The index for mining rose 0.5 percent in July for its fourth consecutive monthly ...
2017-08-24
     

NORWAY'S PETROLEUM PRODUCTION UP TO 93 TBD

NORWAYS PETROLEUM PRODUCTION UP TO 93 TBD NORWAYS PETROLEUM PRODUCTION UP TO 93 TBD 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 ...
2017-08-24
 

U.S. OIL PRODUCTION: 9.35 - 9.91 MBD

... ODUCTION: 9.35 - 9.91 MBD EIA continues to expect US production to rise over the next two years and cross the 10 million b/d threshold in November 2018. It sees output averaging 9.35 million b/d in 2017, up 20,000 b/d from last months outlook, and 9. ...
2017-08-16
     

NORWAY IS BETTER

NORWAY IS BETTER NORWAY IS BETTER The Norwegian economy is slowly picking up after a two-year slowdown in its top industry, oil production, due to a halving of crude prices since mid-2014. In recent months, crude prices have risen and stabilised at a ...
2017-03-07
 

U.S. DEFICIT $43.6 BLN

U.S. DEFICIT $43.6 BLN U.S. DEFICIT $43.6 BLN The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $43.6 billion in June, down $2.7 billion from $ ...
2017-08-14
     

NORWAY'S INVESTMENT DOWN 21%

NORWAYS INVESTMENT DOWN 21% NORWAYS 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 ...
2016-11-11
 

U.S. FEDERAL FUNDS RATE 1.25%

U.S. FEDERAL FUNDS RATE 1.25% U.S. FEDERAL FUNDS RATE 1.25% In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1 to 1-1/4 percent. The stance of mon ...
2017-07-28
     

NORWAY'S EFFICIENT DRILLING

NORWAYS EFFICIENT DRILLING NORWAYS EFFICIENT DRILLING The decline is a result of a combination of simpler development concepts and more efficient drilling. Lower prices for work and equipment are also a contributing factor. The decline is a result of ...
2016-08-30
 

U.S. GLOBAL LEADERSHIP

... S. GLOBAL LEADERSHIP U.S. GLOBAL LEADERSHIP While US demand for gas is rising because of higher industrial consumption, more than half of the production increase will be used for LNG for export. By 2022, IEA estimates that the US will be on course to ...
2017-07-19
     

IMF WANT NORWAY

IMF WANT NORWAY 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 reform ...
2016-07-06
 

U.S. FRB: INDUSTRIAL PRODUCTION UP 0.4%

U.S. FRB: INDUSTRIAL PRODUCTION UP 0.4% U.S. FRB: INDUSTRIAL PRODUCTION UP 0.4% Industrial production rose 0.4 percent in June for its fifth consecutive monthly increase. Manufacturing output moved up 0.2 percent; although factory output has gone up ...
2017-07-17
     

THE NEXT ENERGY WAR

... T ENERGY WAR If this price drop does happen, then Norway will be caught in the crossfire, as its production is more expensive than Gazproms. Further, Gazprom has already developed the giant Bovanenkovo field in the Yamal Peninsula, where output has b ...
2016-05-09
       

 

 

Tags: USA, NORWAY, OIL, GAS, INVESTMENT

Chronicle:

U.S. WANT NORWAY
September, 22, 09:20:00

OIL PRICE: NOT ABOVE $57

International benchmark Brent crude futures were at $56.51 a barrel at 0644 GMT, up 8 cents, or 0.14 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 12 cents, or 0.24 percent, at $50.67 per barrel.

U.S. WANT NORWAY
September, 22, 09:15:00

СОТРУДНИЧЕСТВО АЛЖИРА И РОССИИ

Руководители энергетических ведомств России и Алжира обсудили состояние и перспективы двустороннего сотрудничества, а также совместную деятельность в многосторонних форматах, в том числе взаимодействие в рамках Форума стран-экспортеров газа. Также речь шла о взаимодействии в рамках соглашения ОПЕК+ по сокращению объемов добычи нефти. Стороны подтвердили приверженность исполнению взятых обязательств по достижению скорейшей ребалансировки нефтяного рынка.

U.S. WANT NORWAY
September, 22, 09:10:00

ГАЗ РОССИИ ДЛЯ МАРОККО

Александр Новак отметил, что Россия занимает лидирующие позиции в мире в области топливно-энергетического комплекса, в частности, первое место по добыче нефти, второе место по добыче газа. «При этом Россия - номер один по экспорту газа. Мы добываем 670 млрд кубических метров газа, из них 220 млрд поставляем в другие страны различными способами – трубопроводным и сжиженным», - подчеркнул Министр.

U.S. WANT NORWAY
September, 22, 09:05:00

НОВЫЕ ТЕХНОЛОГИИ РОССИИ

Кирилл Молодцов также сообщил о применении новых технологий в сфере нефтегазодобычи. «Из общего количества технологий, а их насчитывается примерно 600, более 300 производятся в России. Более двухсот имеют российские наработки и аналоги, то есть практически имеют стадию разработки проекта. Есть технологии, которые нас сильно волнуют, и мы будем развивать их дальше. Это абсолютно автономные системы добычи, окончание морских месторождений, забуривание, возможности создания и развития проектов в Арктике», - заключил Кирилл Молодцов.

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