NORWEGIAN ARCTIC OIL GAS DOWN
Oil and gas production in northern Norwegian fields dropped significantly in the course of 2013.
The Snøhvit field, so far the only operating project in the Barents Sea, produced a total of 3,76 million sm3 of gas, a decline of 24 percent compared with 2012. Likewise, practically all of the fields located in the Norwegian Sea off the coast of the Nordland County had falling production figures.
In total, the north Norwegian oil production in 2013 dropped 16 percent to a total of 5,13 million Sm3, while the regional gas production fell 16 percent to 6,06 million SM3, figures from the Norwegian Petroleum Directorate show. The figures include production at the fields of Snøhvit, Heidrun, Morvin, Norne, Urd and Yttergryta.
Norway’s total production in the period totaled 213,7 million Sm3, a 4,9 percent decrease from 2012 and 49,8 percent less than at peak production in 2004.
More information here.
|December, 14, 09:25:00|
|December, 14, 09:20:00|
|December, 14, 09:15:00|
|December, 14, 09:10:00|
|December, 14, 09:05:00|
|December, 14, 09:00:00|
PLATTS - Renewables' share in Germany's power mix is set to reach 38% this year, ahead of the government's 2020 target of 35% but below-trajectory for 2030's 65% target, utility lobby group BDEW said Thursday.
EBRD - the Bank will no longer finance thermal coal mining or coal-fired electricity generation. The Bank will also stop funding any upstream oil exploration, and will not finance upstream oil development projects except in rare and exceptional circumstances, where such investments reduce greenhouse gas emissions.
IMF - The Malaysian economy has shown resilience. Real GDP growth is projected at 4.7 percent for 2018, underpinned by domestic demand.
IMF - Bolivia's real GDP growth is projected at 4.5 percent in 2018, one of the highest rates in the region. Growth is supported by continued accommodative policies, a second economy-wide wage bonus, and strong agriculture output.