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2018-11-22 10:50:00

NORWAY'S PETROLEUM PRODUCTION 1.9 MBD

NORWAY'S PETROLEUM PRODUCTION 1.9 MBD

NPD - Preliminary production figures for October 2018 show an average daily production of 1 874 000 barrels of oil, NGL and condensate, which is an increase of 271 000 barrels per day compared to September.

Total gas sales were 10.6 billion Sm3 (GSm3), which is an increase of 1.6 GSM3 from the previous month.

Average daily liquids production in October was: 1 499 000 barrels of oil, 346 000 barrels of NGL and 29 000 barrels of condensate.

Oil production for October is about 5 percent below the NPD's forecast for the month and about 4.5 percent below the forecast for 2018.

The main reasons that production in October was below forecast is technical problems on some fields.

 

The total petroleum production for the first ten months in 2018 is about 191,0 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 71.7 MSm3 o.e. of oil, about 17.7 MSm3 o.e. of NGL and condensate and about 101.6 MSm3 o.e. of gas for sale.

The total volume is 7.1 MSm3 o.e. lower than in 2017.

 

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Earlier:

NORWAY'S FUND RETURNED 2%
2018, October, 26, 12:45:00

NORWAY'S FUND RETURNED 2%

NORGES BANK - The Government Pension Fund Global returned 2.1 percent, or 174 billion kroner, in the third quarter of 2018.

 

 

NORWAY'S GAS FOR BRITAIN
2018, October, 19, 11:00:00

NORWAY'S GAS FOR BRITAIN

PLATTS - Norwegian natural gas exports to the UK jumped to their highest in six months Wednesday as consistently high UK prices incentivized flows normally only reserved for wintry periods.

 

 

NORWAY'S PETROLEUM PRODUCTION 1.6 MBD
2018, October, 19, 10:40:00

NORWAY'S PETROLEUM PRODUCTION 1.6 MBD

NPD - Preliminary production figures for September 2018 show an average daily production of 1 607 000 barrels of oil, NGL and condensate, which is a decrease of 255 000 barrels per day compared to August.

 

 NORWAY'S DEFENCE
2018, October, 17, 09:50:00

NORWAY'S DEFENCE

BLOOMBERG - The wealth fund’s initial case had focused on limiting Norway’s exposure to a drop in oil prices, given its status as western Europe’s biggest petroleum producer. When the proposal was first made last year, it rocked markets, and drew responses from a number of major investors.

 

 NORWAY'S RENEWABLE INVESTMENT $1.2 BLN
2018, September, 28, 09:30:00

NORWAY'S RENEWABLE INVESTMENT $1.2 BLN

PLATTS - Norway's state-owned power company Statkraft is planning annual investments of around NOK10 billion ($1.2 billion, Eur1 billion) in renewable energy in the period 2019-2025, it said.

 

 NORWAY'S PETROLEUM PRODUCTION: 1.87 MBD
2018, September, 19, 13:20:00

NORWAY'S PETROLEUM PRODUCTION: 1.87 MBD

NPD - Preliminary production figures for August 2018 show an average daily production of 1 870 000 barrels of oil, NGL and condensate, which is a decrease of 42 000 barrels per day compared to July.

 IMF: NORWAY IS BETTER
2018, September, 19, 13:15:00

IMF: NORWAY IS BETTER

IMF - Norway is in the midst of a healthy recovery from the oil downturn, supported by positive trends in oil prices and a strengthening labor market. In addition, banks remain profitable and well capitalized. However, household debt continues to increase and house prices have resumed their rise, especially in the Oslo area, after a correction during 2017. 

 

Tags: NORWAY, OIL, GAS, PRODUCTION