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2018-07-12 10:15:00

NORWAY'S OIL PRODUCTION: 1.747 MBD

NORWAY'S OIL PRODUCTION: 1.747 MBD

NPD - Preliminary production figures for June 2018 show an average daily production of 1 747 000 barrels of oil, NGL and condensate, which is an increase of 88 000 barrels per day compared to May.

Total gas sales were 9.3 billion Sm3 (GSm3), which is a decrease of 0.4 GSM3 from the previous month.

Average daily liquids production in June was: 1 480 000 barrels of oil, 237 000 barrels of NGL and 30 000 barrels of condensate.

Oil production is approx. 3 percent lower than the NPD's forecast, and about 4 percent below the forecast this year.

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

The total petroleum production for the first six months in 2018 is about 114.9 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 43.2 MSm3 o.e. of oil, about 10.2 MSm3 o.e. of NGL and condensate and about 61.5 MSm3 o.e. of gas for sale.

The total volume is 4.4 MSm3 o.e. lower than in 2017.

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Earlier:

 U.S. WANT NORWAY'S MONEY
2018, June, 27, 10:35:00

U.S. WANT NORWAY'S MONEY

REUTERS - Norway, which shares an Arctic border with Russia, lacks a “credible plan” how to meet NATO’s spending target, U.S. President Donald Trump said in a letter to the country’s prime minister, the Norwegian daily VG reported on Tuesday.

 NORWAY'S OIL PRODUCTION 1.629 MBD DOWN 236 TBD
2018, June, 20, 12:45:00

NORWAY'S OIL PRODUCTION 1.629 MBD DOWN 236 TBD

NPD - Preliminary production figures for May 2018 show an average daily production of 1 629 000 barrels of oil, NGL and condensate, which is a decrease of 236 000 barrels per day compared to April.

 NORWAY'S OIL EXIT
2018, May, 23, 10:00:00

NORWAY'S OIL EXIT

BLOOMBERG - The fund shocked markets around the world in November when it asked for permission to divest oil and gas companies to reduce financial risk, arguing Norway as a whole is already heavily exposed to oil as western Europe’s biggest petroleum producer. At the time of the proposal, the fund held about $40 billion of shares in oil giants such as Exxon Mobil Corp. and Royal Dutch Shell Plc.

 NORWAY'S OIL PRODUCTION DOWN 34 TBD TO 1.868 MBD
2018, May, 16, 11:50:00

NORWAY'S OIL PRODUCTION DOWN 34 TBD TO 1.868 MBD

NPD - Preliminary production figures for April 2018 show an average daily production of 1 868 000 barrels of oil, NGL and condensate, which is a decrease of 34 000 barrels per day compared to March.

 NORWAY'S PRODUCTION 1.9 MBD
2018, April, 20, 09:05:00

NORWAY'S PRODUCTION 1.9 MBD

NPD - Preliminary production figures for March 2018 show an average daily production of 1 901 000 barrels of oil, NGL and condensate, which is a decrease of 46 000 barrels per day compared to February.

 NORWAY'S RENEWABLE INVESTMENT
2018, April, 9, 11:10:00

NORWAY'S RENEWABLE INVESTMENT

REUTERS - Norway’s $1 trillion sovereign wealth fund should be allowed to invest in unlisted renewable projects such as solar parks and wind farms, the ruling Conservative party voted on Saturday.

 NORWAY'S OIL THREAT
2018, March, 28, 10:50:00

NORWAY'S OIL THREAT

BLOOMBERG - The government has paid out 109 billion kroner ($14 billion) since 2005 to explorers such as Lundin Petroleum AB and Repsol SA. It helped attract more companies to Norway, nearly doubling the pace of exploration and leading to key discoveries such as the multi-billion-barrel Johan Sverdrup field.

 

 

Tags: NORWAY, OIL, GAS, PRODUCTION

Chronicle:

NORWAY'S OIL PRODUCTION: 1.747 MBD
2018, December, 14, 08:55:00

GERMANY'S RENEWABLE: 38%

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.

NORWAY'S OIL PRODUCTION: 1.747 MBD
2018, December, 14, 08:50:00

EBRD DECARBONISATION STRATEGY

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.

NORWAY'S OIL PRODUCTION: 1.747 MBD
2018, December, 14, 08:45:00

MALAYSIA'S GDP UP BY 4.7%

IMF - The Malaysian economy has shown resilience. Real GDP growth is projected at 4.7 percent for 2018, underpinned by domestic demand.

NORWAY'S OIL PRODUCTION: 1.747 MBD
2018, December, 14, 08:40:00

BOLIVIA'S GDP UP BY 4.5%

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.

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