NORWAY'S OIL UP 89 TBD

NPD - Preliminary production figures for January 2018 show an average daily production of 2 019 000 barrels of oil, NGL and condensate, which is an increase of 89 000 barrels per day compared to December.

Total gas sales were 11.3 billion Sm3 (GSm3), which is an increase of 0.2 GSM3 from the previous month.

The total petroleum production in January 2018 is about 21.3 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 7.9 MSm3 o.e. of oil, about 2.0 MSm3 o.e. of NGL and condensate and about 11.3 MSm3 o.e. of gas for sale. The total volume is 0.2 MSm3 o.e. lower than in 2017.

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Earlier:

2018, February, 12, 07:10:00 NORWAY DEFENDS OIL REUTERS - “The Ministry maintains that the Norwegian rules on reimbursement of exploration costs and interest on carry forward of losses ... do not constitute state aid under Article 61 of the EEA Agreement, and are therefore in compliance with the EEA (European Economic Area) law,” the ministry said in a letter.

2018, February, 7, 07:45:00 NORWAY DIVESTS OIL BLOOMBERG - Norway’s $1.1 trillion wealth fund shocked the world last year when it announced a plan to divest all its oil and gas stocks, worth $35 billion at the time.

2018, January, 31, 10:40:00 NORWAY'S OIL BOOM BLOOMBERG - With crude back at $70 a barrel, and a petroleum industry that cut costs to the bone after the oil crash, the stage is now set for another boom. But the good times could hamper Prime Minister Erna Solberg’s main aim of moving the economy away from a reliance on oil. As optimism now returns to the economy, signs of real progress on that project are few.

2018, January, 24, 11:30:00 NORWAY'S OIL UP OF 26 TBD NPD - Preliminary production figures for December 2017 show an average daily production of 1 932 000 barrels of oil, NGL and condensate, which is an increase of 26 000 barrels per day compared to November.

2018, January, 12, 12:45:00 NORWAY'S OIL & GAS WILL UP NPD - The Norwegian Petroleum Directorate’s production forecast up to 2022 shows an increase from 2020, when Johan Sverdrup has come on stream. Total production of oil and gas in 2022 is estimated to be close to the record‐breaking year 2004. Gas will then account for about one‐half of the production.

2018, January, 4, 12:20:00 NORWAY'S GAS RECORD REUTERS - Norway’s pipeline gas exports to Europe hit a record high in 2017, exceeding the previous year by almost 7 percent, preliminary data from the country’s offshore gas systems operator Gassco showed on Tuesday.

2018, January, 3, 15:35:00 NORWAY'S OIL PROBLEMS BLOOMBERG - Norway’s oil production has been halved since a 2000 peak. While natural-gas output has surged, total production is forecast to fall again in the middle of the next decade. A flurry of investment decisions at the end of last year hides a painful truth: after Statoil’s $6 billion Johan Castberg oil field starts production in the Barents in 2022, the project pipeline is scant.