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2014-09-18 17:35:00

NORWAY OIL & GAS DOWN

NORWAY OIL & GAS DOWN

A preliminary report from the the Norwegian Petroleum Directorate (NPD) shows oil and gas output in Norway decreased in August compared to July, Reuters reported. The report found oil production reached 1.485 million barrels per day in August, down from 1.5 million bpd in July. Previously, NPD also revised figures for oil production down from the preliminary July figures of 1.524 million bpd for oil. The NPD said natural gas output in August hit 7.3 billion cubic meters, which is lower than the final July count of 7.98 billion cubic meters.

Last month, Bente Nyland, head of the NPD, said the agency expected oil production forecasts to be lower than originally expected, Bloomberg…

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Tags: NORWAY, OIL, GAS, STATOIL
Chronicle:
NORWAY OIL GAS DOWN
2019, July, 12, 07:50:00
SAUDI ARAMCO, MCDERMOTT CONTRACT $4.5 BLN
McDermott has won two engineering, procurement, construction and installation (EPCI) contracts from Saudi Aramco worth more than $4.5bn for the Marjan Increment Programme.
NORWAY OIL GAS DOWN
2019, July, 12, 07:45:00
SAUDI ARAMCO, SAIPEM CONTRACT $3.5 BLN
As part of its larger increment programmes for Marjan and Berri, Saudi Aramco has awarded Saipem two EPCI contracts worth more than $3.5bn.
NORWAY OIL GAS DOWN
2019, July, 12, 07:40:00
LNG PRICE: NEAR $4.5
Spot prices for August delivery to Northeast Asia are estimated to be about $4.40 per million British thermal units (mmBtu), up 10 cents from last week, trade sources said.
NORWAY OIL GAS DOWN
2019, July, 10, 12:55:00
OIL PRICE: NEAR $65 AGAIN
WTI had climbed 93 cents, or 1.6%, to $58.76, having earlier risen to $58.84. Brent was up 70 cents, or 1.1%, at $64.86, after earlier touching $64.95.
NORWAY OIL GAS DOWN
2019, July, 10, 12:50:00
OIL PRICES 2019-20: $67 ANEW
The Energy Information Administration (EIA) forecasts Brent spot prices will average $67/b in the second half of 2019 and remain at that level in 2020. EIA expects West Texas Intermediate (WTI) crude oil prices will average $62/b in the second half of 2019 and $63/b in 2020.
NORWAY OIL GAS DOWN
2019, July, 10, 12:45:00
IRREVERSIBLE CLIMATE CHANGE
“The clock is ticking on irreversible climate change,” Adam Matthews, co-chair of the Transition Pathway Initiative (TPI) and the director of ethics and engagement at the Church of England Pensions Board, said in a statement.
NORWAY OIL GAS DOWN
2019, July, 10, 12:40:00
CHEVRON, QATAR DEAL $8 BLN
Chevron Phillips Chemical, a joint venture of Chevron and Phillips 66, will be the majority owner with a 51 percent share, with Qatar Petroleum owning 49 percent of the project. The companies expect a final investment decision no later than 2021 for the project, which has a target of starting in 2024.
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