NORWAY INVESTMENTS: NOK 184.8 BLN
While forecasts indicate that total investments in Norwegian oil and gas activity should flatten out in 2016, local companies continue their activities in the Barents Sea and in the North Sea.
Lundin Norway, operator of production licence 609 (PL609), completed drilling of appraisal wells 7220/11-2 and 7220/11-2 A on the 7220/11-1 (Alta) oil and gas discovery in the Barents Sea.
'The discovery was proven in chalk rocks in the Gipsdalen Group in October 2014. Before wells 7220/11-2 and 7220/11-2 A were drilled, the operator's resource estimate for the discovery was between 14 and 50 million Sm3 of recoverable…
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US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.
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U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.