Solar Energy News  
OIL AND GAS
Maintenance drags Norwegian oil production lower
by Daniel J. Graeber
Washington (UPI) Jun 19, 2018

Maintenance work at 10 different oil fields on the Norwegian continental shelf meant output was more than 10 percent lower than expected, the government said.

The Norwegian Petroleum Directorate, the nation's energy regulator, reported a preliminary rate of production from May of 1.29 barrels of oil. Including natural gas liquid and condensate, an ultra-light type of petroleum product, production last month averaged 1.63 million bpd, about a quarter million bpd less than April.

"Oil production is approximately 11 percent lower than the NPD's forecast, and about 5 percent below the forecast this year," the agency's statement read. "The main reasons that production in May was below forecast is maintenance work and technical problems on some fields."

An NPD spokesperson listed 10 fields under maintenance in May in an emailed response to UPI questions. Of those, the Troll field may be the most significant. The field in 2016 reached its 1 billionth barrel of oil after 20 years in production.

The NPD's release came one day after the government offered 11 companies 12 production licenses offshore. Of those, nine are in the Barents Sea. Around 60 percent of the undiscovered resources are in those Norwegian waters.

After the licensing round, Norwegian energy company Equinor, co-owned by the government, said the opening ensured stable production from one of Europe's largest suppliers of oil and natural gas.

"We have a clear ambition of maintaining profitable production at today's level on the Norwegian continental shelf until 2030 and beyond," Arne Sigve Nylund, Equinor's executive vice president for development and production Norway, said in a statement.


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


OIL AND GAS
Iran may have to wait for OPEC considerations
Washington (UPI) Jun 19, 2018
Considerations at OPEC for the loss of Iranian barrels to unilateral U.S. sanctions might have to wait until the fourth quarter, an Oxford analysis read. The Oxford Institute for Energy Studies published its case study on the Friday meeting for members of the Organization of Petroleum Exporting Countries. OPEC is halfway through the second year of an effort to drain the surplus in crude oil inventories held by the world's leading industrialized economies through coordinated production cu ... read more

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
Orange, tea tree and eucalyptus oils sweeten diesel fumes

Critical plant gene takes unexpected detour that could boost biofuel yields

'Tricking' bacteria into hydroxylating benzene

How to suck carbon dioxide from the sky for fuels and more

OIL AND GAS
Robots learn by checking in on team members

Future robots need no motors

A fast, low-voltage actuator for soft and wearable robotics

'iPal' robot companion for China's lonely children

OIL AND GAS
New wind turbines are even efficient in low winds

Cryptocurrency blowing in the wind as mine opens in Estonia

U.S. Atlantic states eye offshore wind leadership

European wind energy generation potential in a warmer world

OIL AND GAS
Audi boss arrested in diesel probe

Fleet of autonomous boats could service cities to reduce road traffic

MIT study helps driverless cars change lanes more like humans do

Germany hits Mercedes with mass diesel recall

OIL AND GAS
Rutgers-led research could lead to more efficient electronics

Sodium- and potassium-based batteries hold promise for cheap energy storage

Nickel ferrite promotes capacity and cycle stability of lithium-sulfur battery

The first experimental discovery in the world of the propagation of plasma turbulence

OIL AND GAS
Creating a new composite fuel for new-generation fast reactors

Nuclear power shutdowns won't spike power prices

Seawater yields first grams of yellowcake

Framatome and the EPR reactor: a robust history and the passion it takes to succeed

OIL AND GAS
Hong Kong consortium makes $9.8 bn bid for Australia's APA

'Carbon bubble' coming that could wipe trillions from the global economy

Trump readies new plan to aid coal and nuclear power

Carbon dioxide emissions drop from U.S. power sector

OIL AND GAS
'Shocking' die-off of Africa's oldest baobabs

New research finds tall and older Amazonian forests more resistant to droughts

Zangbeto: voodoo saviour of Benin's mangroves

New technique reveals details of forest fire recovery









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - 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. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.