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2017-09-15 08:30:00

NORWAY'S OIL PRODUCTION DOWN 41 TBD

NORWAY'S OIL PRODUCTION DOWN 41 TBD

NPDPreliminary 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.

NORWAY OIL PRODUCTION 2017

Average daily liquids production in August was: 1 548 000 barrels of oil, 340 000 barrels of NGL and 30 000 barrels of condensate. The oil production is about 1.4 percent below the oil production in August last year and is about 1.6 percent below the NPD's prognosis for August 2017. The oil production is about 0.5 percent above the prognosis so far this year. Production remains at the same level as in July. Gas production is also in August above the forecast.

NORWAY PETROLEUM PRODUCTION 2017

NORWAY GAS PRODUCTION 2017

The total petroleum production for the first eight months in 2017 is about 159.6 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 63.0 MSm3 o.e. of oil, about 14.9 MSm3 o.e. of NGL and condensate and about 81.7 MSm3 o.e. of gas for sale. The total volume is 4.0 MSm3 o.e. higher than in 2016.

Final production figures from July 2017 show an average daily production of about 1.598 million barrels of oil, 0.361 million barrels of NGL and condensate and a total of 10.5 billion Sm3 saleable gas production.

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Tags: NORWAY, PETROLEUM, OIL, GAS, PRODUCTION,

Chronicle:

NORWAY'S OIL PRODUCTION DOWN 41 TBD
November, 20, 09:05:00

INDIA'S GAS WILL UP

REUTERS - India’s natural gas consumption is expected to rise to 70 billion cubic metres (bcm) by 2022 and 100 bcm by 2030, according to a government think tank and the Oxford Institute of Energy Studies, up from 50 bcm now. India burns just 7 percent of what top user the United States consumes in a year with about a quarter of India’s population.

NORWAY'S OIL PRODUCTION DOWN 41 TBD
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 OIL PRODUCTION DOWN 41 TBD
November, 20, 08:55:00

OIL PRICES UP

WSJ - Light, sweet crude for December delivery rose $1.41, or 2.6%, to $56.55 a barrel on the New York Mercantile Exchange, snapping a three-session losing streak. Brent, the global benchmark, advanced $1.36, or 2.2%, to $62.72 a barrel.

NORWAY'S OIL PRODUCTION DOWN 41 TBD
November, 20, 08:50:00

U.S. RIGS UP 8 TO 915

U.S. Rig Count is up 327 rigs from last year's count of 588, with oil rigs up 267, gas rigs up 61, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 24 rigs from last year's count of 184, with oil rigs up 9 and gas rigs up 15.

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