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2018-01-04 12:20:00

NORWAY'S GAS RECORD

NORWAY'S GAS RECORD

REUTERSNorway's pipeline gas exports to Europe hit a record high in 2017, exceeding the previous year by almost 7 percent, preliminary data from the country's offshore gas systems operator Gassco showed on Tuesday.

Europe's second-largest gas supplier after Russia exported 116 billion cubic meters (bcm) of natural gas via pipelines to receiving terminals in Britain, Germany, France and Belgium last year, up from the previous record of 108.6 bcm in 2016.

Norway's pipeline gas exports meet about a quarter of Europe's demand.

Analysts said Norway's export levels in 2017 were boosted by low summer maintenance at the country's offshore gas fields, and higher output from its largest field, Troll.

More than 40 percent of all exports went to terminals in Germany, and over 30 percent to Britain, with the rest shared between France and Belgium.

The highest daily delivery in 2017 stood at 365.3 million cubic meters, the preliminary data showed.

Norwegian authorities increased Troll's production quota to 36 billion cubic meters from Oct. 1, 2017 until Sept. 30, 2018, up from 33 bcm for the previous 12 months, its operator Statoil has said.

Norway's annual export of gas to Europe has held at over 100 billion cubic meters each year since 2012, Gassco's data showed.

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Earlier:

 NORWAY'S OIL PROBLEMS
2018, January, 3, 15:35:00

NORWAY'S OIL PROBLEMS

BLOOMBERG - Norway’s oil production has been halved since a 2000 peak. While natural-gas output has surged, total production is forecast to fall again in the middle of the next decade. A flurry of investment decisions at the end of last year hides a painful truth: after Statoil’s $6 billion Johan Castberg oil field starts production in the Barents in 2022, the project pipeline is scant.

 

 NORWAY'S PRODUCTION DOWN 102 TBD
2017, December, 20, 19:15:00

NORWAY'S PRODUCTION DOWN 102 TBD

NPD - Preliminary production figures for November 2017 show an average daily production of 1 813 000 barrels of oil, NGL and condensate, which is a decrease of 102 000 barrels per day compared to October.

 

 NORWAY SELLS OIL & GAS
2017, 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.

 

 U.S. WANT NORWAY
2017, August, 31, 12:10:00

U.S. WANT NORWAY

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

 

 HUGE NORWAY'S OIL & GAS
2017, August, 28, 19:40:00

HUGE NORWAY'S OIL & GAS

“We have been producing oil and gas in Norway for 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 produced. We want companies with the ability and willingness to utilise new knowledge and advanced technology. This will yield profitable production for many decades in the future,” says Ingrid Sølvberg, Director of development and operations in the Norwegian Petroleum Directorate.

 

 NORWAY IS BETTER
2017, March, 7, 18:40:00

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 around $55 per barrel.

 

 NORWAY'S INVESTMENT DOWN 21%
2016, November, 11, 18:30:00

NORWAY'S 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 $3.5 billion). However, investment cuts have affected some segments of the industry more than others.

Tags: NORWAY, EUROPE, GAS, PIPELINE, GASSCO

Chronicle:

NORWAY'S GAS RECORD
2018, January, 22, 08:20:00

RUSSIAN NUCLEAR POWER - 2017

WNA - Apart from adding capacity, utilisation of existing plants has improved markedly since 2000. In the 1990s capacity factors averaged around 60%, but they have steadily improved since and in 2010, 2011 and 2014 were above 81%. Balakovo was the best plant in 2011 with 92.5%, and again in 2014 with 85.1%.

NORWAY'S GAS RECORD
2018, January, 22, 08:15:00

INDIA'S NUCLEAR POWER - 2017

WNA - India has a flourishing and largely indigenous nuclear power programme and expects to have 14.6 GWe nuclear capacity on line by 2024 and 63 GWe by 2032. It aims to supply 25% of electricity from nuclear power by 2050.

NORWAY'S GAS RECORD
2018, January, 22, 08:10:00

CHINA'S NUCLEAR POWER - 2017

WNA - Mainland China has 38 nuclear power reactors in operation, about 20 under construction, and more about to start construction. The reactors under construction include some of the world's most advanced, to give a 70% increase of nuclear capacity to 58 GWe by 2020-21. Plans are for up to 150 GWe by 2030, and much more by 2050.

NORWAY'S GAS RECORD
2018, January, 22, 08:05:00

U.S. - RUSSIA'S NUCLEAR

PLATTS - "The domestic uranium mining industry needs US government assistance to survive the foreign onslaught -- particularly from Russia and Kazakhstan -- that has undermined the US uranium industry while new players -- particularly China -- will soon make the situation worse," Energy Fuels and Ur-Energy said in a petition they jointly filed with the department.

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