Sunday, September 23, 2007

Sunday, September 16, 2007

Norway's Oil Output Fell 7.3% in August

Norway's Oil Output Fell 7.3% in August From a Month Earlier
By Bunny Nooryani
Sept. 14 (Bloomberg)

Norway, the world's fifth-largest oil exporter, said crude production in August decreased 7.3 percent from a month earlier.

Output averaged 2.111 million barrels a day, compared with 2.277 million barrels a day in July, according to a statement posted today on the Web site of the Norwegian Petroleum Directorate, which oversees the nation's oil industry. The figures for August are preliminary.

Norway pumped about 319,000 barrels a day of condensate and natural-gas liquids in August, the directorate estimated. That compares with 329,000 barrels a day the month before.