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2018-06-20 12:45:00

NORWAY'S OIL PRODUCTION 1.629 MBD DOWN 236 TBD

NORWAY'S OIL PRODUCTION 1.629 MBD DOWN 236 TBD

NPD - Preliminary production figures for May 2018 show an average daily production of 1 629 000 barrels of oil, NGL and condensate, which is a decrease of 236 000 barrels per day compared to April.

Total gas sales were 9.6 billion Sm3 (GSm3), which is a decrease of 0.5 GSM3 from the previous month.

Average daily liquids production in May was: 1 293 000 barrels of oil, 307 000 barrels of NGL and 29 000 barrels of condensate.

Oil production is approx. 11 percent lower than the NPD's forecast, and about 5.0 percent below the forecast this year. The main reasons that production in May was below forecast is maintenance work and technical problems on some fields.

The total petroleum production for the first five months in 2018 is about 97.1 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 36.0 MSm3 o.e. of oil, about 8.9 MSm3 o.e. of NGL and condensate and about 52.1 MSm3 o.e. of gas for sale.

The total volume is 4.7 MSm3 o.e. lower than in 2017.

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Earlier:

NORWAY'S OIL EXIT
2018, May, 23, 10:00:00

NORWAY'S OIL EXIT

BLOOMBERG - The fund shocked markets around the world in November when it asked for permission to divest oil and gas companies to reduce financial risk, arguing Norway as a whole is already heavily exposed to oil as western Europe’s biggest petroleum producer. At the time of the proposal, the fund held about $40 billion of shares in oil giants such as Exxon Mobil Corp. and Royal Dutch Shell Plc.

 NORWAY'S OIL PRODUCTION DOWN 34 TBD TO 1.868 MBD
2018, May, 16, 11:50:00

NORWAY'S OIL PRODUCTION DOWN 34 TBD TO 1.868 MBD

NPD - Preliminary production figures for April 2018 show an average daily production of 1 868 000 barrels of oil, NGL and condensate, which is a decrease of 34 000 barrels per day compared to March.

 NORWAY'S PRODUCTION 1.9 MBD
2018, April, 20, 09:05:00

NORWAY'S PRODUCTION 1.9 MBD

NPD - Preliminary production figures for March 2018 show an average daily production of 1 901 000 barrels of oil, NGL and condensate, which is a decrease of 46 000 barrels per day compared to February.

 NORWAY'S RENEWABLE INVESTMENT
2018, April, 9, 11:10:00

NORWAY'S RENEWABLE INVESTMENT

REUTERS - Norway’s $1 trillion sovereign wealth fund should be allowed to invest in unlisted renewable projects such as solar parks and wind farms, the ruling Conservative party voted on Saturday.

 NORWAY'S OIL THREAT
2018, March, 28, 10:50:00

NORWAY'S OIL THREAT

BLOOMBERG - The government has paid out 109 billion kroner ($14 billion) since 2005 to explorers such as Lundin Petroleum AB and Repsol SA. It helped attract more companies to Norway, nearly doubling the pace of exploration and leading to key discoveries such as the multi-billion-barrel Johan Sverdrup field.

 NORWAY'S OIL PRODUCTION 1.944 MBD
2018, March, 23, 08:05:00

NORWAY'S OIL PRODUCTION 1.944 MBD

NPD - Preliminary 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.

 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.

Tags: NORWAY, OIL, GAS, PRODUCTION