Medical and Hospital News  
OIL AND GAS
Norwegian slump continues
by Daniel J. Graeber
Oslo, Norway (UPI) Oct 15, 2015


disclaimer: image is for illustration purposes only

The Norwegian government's statistics office said the total sale of all petroleum products from the country declined in September.

Statistics Norway said total sales of petroleum products from Norway in September amounted to 4.5 million barrels of oil equivalent.

"This equals an 8.9 percent decrease compared to September 2014," the agency said. "Sales of all petroleum products decreased."

Sales figures relate primarily to auto fuels. The statistics office said the value of total crude oil exports from Norway were down 11.4 percent from August to September and 42.5 percent lower year-on-year. Gas sales from August were down 3.7 percent in value, but up 34.3 percent year-on-year.

Norway is a main supplier of oil and natural gas to the European economy. The latest production figures from the Norwegian Petroleum Directorate, the nation's energy regulator, show an average daily production of around 1.9 million barrels of oil, natural gas liquids and condensate.

Economic growth has been slow for most of the year for Norway, with gross domestic product increasing by slightly less than 1 percent for the last four quarters combined.

Statistics Norway said the trade surplus for September was $1.9 billion, the second lowest level since March 2003.

Norge Bank, the country's central bank, said a weakened value of its currency, the krone, could make exports more attractive, though the overall economy is expected to falter and unemployment is projected to rise. The government's statistics office said the decline in investment in the petroleum industry is one of the key factors dragging on the Norwegian economy.


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


.


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






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

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

Previous Report
OIL AND GAS
Kurdish oil player buoyed by payments
London (UPI) Oct 15, 2015
British oil company Gulf Keystone Petroleum said it was reassured about operations in northern Iraq after receiving payments from the Kurdish government. The company said it received a $15 million payment from the semiautonomous Kurdistan Regional Government for exports of crude oil from the region's Shaikan field. "This October 2015 payment follows a similar payment in September ... read more


OIL AND GAS
Family of El Faro victim launches $100 million lawsuit

Man survives on ants for six days in remote Australia

New warehouse blast hits Tianjin: China state media

LORELEI Imagines Rapid Automated Language Toolkit

OIL AND GAS
Russian-Chinese Sat NavSystem to Launch on Silk Road, EEU Markets

ISRO looking to extend GPS services to SAARC countries

Last of the dozen GPS IIF satellites arrive at CCAFS for processing

Glonass system can fully switch to domestic electronics in 2 years

OIL AND GAS
Did Homo sapiens colonize Asia before Europe?

Modern humans out of Africa sooner than thought

Breakthrough for electrode implants in the brain

Researchers build a digital piece of brain

OIL AND GAS
Dibblers get a second chance on Australian island

Endangered orangutans face a new threat

Re-thinking plant and insect diversity

Threat posed by 'pollen thief' bees uncovered

OIL AND GAS
Antiviral compound offers full protection from Ebola in nonhuman primates

Cholera cases in Iraq top 1,200: ministry

Trio win Nobel Medicine Prize for parasite therapies

Chip-based technology enables reliable direct detection of Ebola virus

OIL AND GAS
Hong Kong police, 'beaten' protester, all face charges

Tibetan writer released by China after 10 years in jail: group

China pledges veteran pension funding after protests

Two allies of China ex-security chief jailed for graft

OIL AND GAS
Chinese 'thief' swallowed diamond, tried to flee Thailand

Army's role questioned in missing Mexican students case

OIL AND GAS
Angry Chinese investor stabs asset management firm CEO

China billionaires overtake US: survey

China to set new plan for troubled economy

Chinese middle class now the world's largest









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.