 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 by Daniel J. Graeber Stavanger, Norway (UPI) Feb 27, 2017
Consent was given to Exxon Mobil to extend the life of a natural gas field in the North Sea because of new production calculations, Norway's government said. Exxon started production at the Sigyn natural gas field in the Norwegian waters of the North Sea in 2012 and estimated only a five-year lifespan for development. According to the Petroleum Safety Authority of Norway, new calculations from the company show production can be sustained. "We have granted Exxon Mobil consent to extend the lifetime until Dec. 31, 2022," the government agency said in a consent agreement. Norway is one of the top natural gas suppliers to the European economy, apart from Russia. Europe is working to wean itself off Russian natural gas by relying more on alternate suppliers. The latest figures from the Norwegian government show total preliminary production figures for January at about 2 percent less than December, though total gas sales were higher. A January review of the European energy market from S&P Global Platts found gas demand for the European Union increased about 6 percent from 2015 and could gain ground further as the region expands its export base to include liquefied natural gas, which relies less on continental pipelines than other forms. Almost all of the crude oil and natural gas produced offshore Norway is exported.
Total sells off assets in Gabon for $350 millionParis (UPI) Feb 27, 2017 French energy major Total said Monday it was unloading some of its mature assets in emerging West Africa to take advantage of market conditions. Brent crude oil prices are holding steady in the mid-$50 range as markets swing toward balance following an agreement by the Organization of Petroleum Exporting Countries to curb output. Crude oil prices are moving in wide swings in day- ... read more Related Links All About Oil and Gas News at OilGasDaily.com 
|
||||||||||
|
|
| 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. |
del.icio.us
Digg
Reddit
Google
