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2018-03-23 08:05:00

NORWAY'S OIL PRODUCTION 1.944 MBD

NORWAY'S OIL PRODUCTION 1.944 MBD

NPDPreliminary production figures for February 2018 show an average daily production of 1 944 000 barrels of oil, NGL and condensate, which is a decrease of 83 000 barrels per day compared to January.

 

Total gas sales were 10.2 billion Sm3 (GSm3), which is a decrease of 1.1 GSM3 from the previous month.

The total petroleum production in February 2018 is about 18.8 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 14.9 MSm3 o.e. of oil, about 3.7 MSm3 o.e. of NGL and condensate and about 21.5 MSm3 o.e. of gas for sale. The total volume is 0.7 MSm3 o.e. lower than in 2017.

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Earlier:

 IEA: OIL NEED INVESTMENT
2018, March, 7, 14:20:00

IEA: OIL NEED INVESTMENT

IEA - Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that.

 

 NORWAY'S PETROLEUM RESOURCES: 15.6 BLN M3
2018, March, 4, 11:10:00

NORWAY'S PETROLEUM RESOURCES: 15.6 BLN M3

NPD - The Norwegian Petroleum Directorate’s (NPD’s) estimate for total proven and unproven petroleum resources on the Norwegian continental shelf is about 15.6 billion standard cubic metres of oil equivalents.

 

 NORWAY'S OIL UP 89 TBD
2018, February, 27, 13:15:00

NORWAY'S OIL UP 89 TBD

NPD - Preliminary production figures for January 2018 show an average daily production of 2 019 000 barrels of oil, NGL and condensate, which is an increase of 89 000 barrels per day compared to December.

 

 NORWAY DEFENDS OIL
2018, February, 12, 07:10:00

NORWAY DEFENDS OIL

REUTERS - “The Ministry maintains that the Norwegian rules on reimbursement of exploration costs and interest on carry forward of losses ... do not constitute state aid under Article 61 of the EEA Agreement, and are therefore in compliance with the EEA (European Economic Area) law,” the ministry said in a letter.

 

 NORWAY DIVESTS OIL
2018, February, 7, 07:45:00

NORWAY DIVESTS OIL

BLOOMBERG - Norway’s $1.1 trillion wealth fund shocked the world last year when it announced a plan to divest all its oil and gas stocks, worth $35 billion at the time.

 

 NORWAY'S OIL BOOM
2018, January, 31, 10:40:00

NORWAY'S OIL BOOM

BLOOMBERG - With crude back at $70 a barrel, and a petroleum industry that cut costs to the bone after the oil crash, the stage is now set for another boom. But the good times could hamper Prime Minister Erna Solberg’s main aim of moving the economy away from a reliance on oil. As optimism now returns to the economy, signs of real progress on that project are few.

 

 NORWAY'S GAS RECORD
2018, January, 4, 12:20:00

NORWAY'S GAS RECORD

REUTERS - Norway’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.

Tags: NORWAY, OIL, GAS, PRODUCTION

Chronicle:

NORWAY'S OIL PRODUCTION 1.944 MBD
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

NORWAY'S OIL PRODUCTION 1.944 MBD
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

NORWAY'S OIL PRODUCTION 1.944 MBD
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

NORWAY'S OIL PRODUCTION 1.944 MBD
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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