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Tag: production

Maintenance period drags Norwegian oil production lower

Maintenance period drags Norwegian oil production lower

Business
Oct. 19 (UPI) -- 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 l...
Texas oil production slightly lower, early data show

Texas oil production slightly lower, early data show

Business
Sept. 26 (UPI) -- Crude oil production reported to the state energy regulator in Texas for July was slightly lower than last year, preliminary data show.Texas is the No. 1 oil producer in the nation and at least parts of four of the seven active shale basins in the country lie within its borders. The Railroad Commission of Texas, the state's energy regulator, reported total crude oil production from August 2016 to July 2017 at nearly 1 billion barrels.For July, the commission said crude oil production averaged 2.43 million bpd, about 6,000 bpd shy of the level from July last year. Commission data don't show production per basin or explain variances.A drilling productivity report from the U.S. Energy Information Administration show production from the Permian basin, the most prolific in ter...
Study shows impact of global warming on coffee production

Study shows impact of global warming on coffee production

Science
Sept. 11 (UPI) -- A recent study by the University of Vermont found global warming could reduce coffee growing areas in Latin America by as much as 88 percent by 2050.Researchers from the University of Vermont's Gund Institute for Environment found climate change will continue to negatively impact coffee production, as well as bee populations, essential to coffee farming."Coffee is one of the most valuable commodities on earth, and needs a suitable climate and pollinating bees to produce well," Taylor Ricketts, director of the UVM's Gund Institute for Environment, said in a press release. "This is the first study to show how both will likely change under global warming -- in ways that will hit coffee producers hard."The study, published today in the Proceedings of the National Academy of S...
New car production boosts manufacturing output

New car production boosts manufacturing output

Business
Britain's manufacturing industry recorded its first "significant" growth of the year in July, new figures reveal.The sector expanded by 0.5%, driven in part by the production of new cars, official data from the Office for National Statistics showed.The production of motor vehicles, trailers and semi trailers grew at the fastest rate since March 2009 at 13.7%.However, separate ONS data showed the construction industry is continuing to struggle with output falling - for the fourth consecutive month - by 0.9% in July because of a lack of new projects.Image:The construction industry is in decline due to a lack of new commercial projectsThere was also little improvement in the trade deficit - the gap between exports and imports - which remained static at £2.9bn.Exports of goods to the EU increa

Norwegian oil production better than expected

Business
June 21 (UPI) -- Crude oil production from Norway, the region's top supplier, was better than expected, a national energy regulator said Wednesday.Norway is a main oil and natural gas supplier for the European economy, designating nearly all of its offshore production for exports. The Norwegian Petroleum Directorate, the nation's energy regulator, said preliminary figures for May were lower than the previous month, but better than expected.Based on preliminary data, the average production for May was 1.98 million barrels per day for oil, natural gas liquids and condensate, an ultra light form of oil. That's about 5 percent less than the previous month.About 80 percent of the total volume was oil and the NPD said the 1.61 million barrels per day average was 2.8 percent higher year-on-year a...