Subscribe to our free daily newsletters
  Oil and Gas News from OilGasDaily.Com  




Subscribe to our free daily newsletters



OIL AND GAS
Maintenance period drags Norwegian oil production lower
by Daniel J. Graeber
Washington (UPI) Oct 19, 2017


Oil production from Norway last month was far lower than expected, but still above figures from last year, a government agency said Thursday.

The Norwegian Petroleum Directorate reported lower sales and lower production, based on preliminary data for September. Preliminary data show oil production was 1.44 million barrels of oil per day, which was about 11 percent lower than expected.

"The oil production was below the forecast in September due to maintenance work on some fields," the NPD's monthly report read.

Preliminary data for September shows a gain over last year of 3.6 percent. Final figures from August show an average daily rate for oil production at 1.56 million bpd. Total discovered and potential resources are up more than 40 percent since 1990.

Norway is one of the larger regional oil and gas producers and designates nearly all of its offshore production for European exports. There were few successes last month in terms of exploration and production. The Norwegian subsidiary of Lundin Petroleum had no luck in finding new reserves near the giant Johan Castberg field in the Barents Sea and Italy's ENI drilled a dry way near the proven Goliat field.

Aker BP, a merger of Norwegian energy companies and a subsidiary of BP, said total third quarter production was 131.1 million barrels of oil equivalent per day, down 8 percent from the same period last year.

"The lower production in the third quarter is primarily due to planned maintenance in the period," Aker BP spokesman Tore Langballe told UPI. "There is no change to the full year guidance."

For the economy, Statistics Norway reported taxes on the extraction of petroleum for September were down 7.1 percent from last year. Christopher O. Hansen, a staff member at the agency, said the trend lower was a reflection of weaker market conditions, relative to 2014.

OIL AND GAS
Iraq seeks BP help in developing recovered Kirkuk oil fields
Baghdad (AFP) Oct 18, 2017
Iraqi Oil Minister Jabbar al-Luaybi called on British energy giant BP on Wednesday to help develop fields in the northern province of Kirkuk recovered from Kurdish forces this week. Luaybi appealed to the firm, whose origins lie in the development of oil in then British-ruled Iraq nearly a century ago, to "quickly make plans to develop the Kirkuk oil fields". The Iraqi oil ministry sign ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Breaking down stubborn cellulose

Breakthrough in direct activation of CO2 and CH4 into liquid fuels and chemicals

NGOs slam UN aviation agency plan for biofuels

Surrounded by potential: New science in converting biomass

OIL AND GAS
SCE monopoly abuse of power prompts the necessity of off-grid inventions

Think laterally to sidestep production problems

Sandia scientists find the optimal way to mop up surplus solar flux on CSP towers

Solar panels shine in darkest Amazon, the 'last frontier'

OIL AND GAS
Scotland outreach to Canada yields wind energy investment

OX2 hands over Ajos wind farm to IKEA Finland

Huge energy potential in open ocean wind farms in the North Atlantic

Wind farms in Atlantic could power the world: study

OIL AND GAS
Greenpeace fireworks shine light on French nuclear safety concerns

Japan government, TEPCO liable for Fukushima crisis: court

French, Belgian nuke plants vulnerable to attack: Greenpeace

New 'molecular trap' cleans more radioactive waste from nuclear fuel rods

OIL AND GAS
'Plan B': Seven ways to engineer the climate

British government unveils green spending plans

As Paris climate goals recede, geoengineering looms larger

Cheaper to invest in climate change fight than to rebuild; EPA chief rolls back US plans

OIL AND GAS
Norway seeks 'Tesla tax' on electric cars

Slovenia sets tough emissions limits for cars

Paris wants to phase out diesel cars by 2024

Tesla recalls Model X vehicles for seat fix

OIL AND GAS
Nearly 700,000 Iraqis from war-torn Mosul still displaced: NGO

Cinders and desolation in Iraq's Hawija after IS

Moscow says US 'pretending' to fight IS in Iraq

Shock Iraq torture photos raise ethical dilemmas

OIL AND GAS
Iran move won't weaken US hand with N.Korea: Tillerson

Gulf widens between Washington and UN partners

N. Korea readies missile launch ahead of US-S. Korea drill: report

Iranians mock 'ridiculous' Trump speech




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement