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2018-09-19 13:20:00

NORWAY'S PETROLEUM PRODUCTION: 1.87 MBD

NORWAY'S PETROLEUM PRODUCTION: 1.87 MBD

NPDPreliminary 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.

Total gas sales were 10.2 billion Sm3 (GSm3), which is a decrease of 0.4 GSM3 from the previous month.

Average daily liquids production in August was: 1 502 000 barrels of oil, 338 000 barrels of NGL and 30 000 barrels of condensate.

Oil production is approx. 0.2 percent lower than the NPD's forecast for August, and about 3.5 percent below the forecast this year.

 

 

The total petroleum production for the first eight months in 2018 is about 154.5 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 58.2 MSm3 o.e. of oil, about 14.4 MSm3 o.e. of NGL and condensate and about 81.9 MSm3 o.e. of gas for sale.

The total volume is 5.3 MSm3 o.e. lower than in 2017.

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Earlier:

NORWAY'S FUND: $1 TLN + $20 BLN
2018, August, 22, 13:05:00

NORWAY'S FUND: $1 TLN + $20 BLN

NORWAY'S FUND - The Government Pension Fund Global returned 1.8 percent, or 167 billion kroner, in the second quarter of 2018.

 

 

NORWAY'S PETROLEUM PRODUCTION: 1.911 MBD
2018, August, 17, 11:25:00

NORWAY'S PETROLEUM PRODUCTION: 1.911 MBD

NPD - Preliminary production figures for July 2018 show an average daily production of 1 911 000 barrels of oil, NGL and condensate, which is an increase of 64 000 barrels per day compared to June.

 

 

NORWAY'S KEY PRIORITY
2018, August, 15, 10:35:00

NORWAY'S KEY PRIORITY

BLOOMBERG - The Norwegian government in June made its first deposit into its wealth fund since the end of 2015. Now that the economy is in full recovery and the labor market is tightening, winding down fiscal stimulus is a key priority in next year’s budget, the prime minister said in an interview in Arendal, on Norway’s southern coast.

 

 

NORWAY'S OIL PRODUCTION: 1.747 MBD
2018, July, 12, 10:15:00

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.

 

 

 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. 

 

 

Tags: NORWAY, OIL, GAS, PRODUCTION