Rune Likvern

Norwegian Crude Oil Reserves And Extraction per 2016

In this post I present actual Norwegian crude oil extraction and status on the development in discoveries and reserves and what this has now resulted in for expectations for future Norwegian crude oil extraction. This post is also an update of an earlier post about Norwegian crude oil reserves and production per 2015. Norwegian crudeContinue reading “Norwegian Crude Oil Reserves And Extraction per 2016”

Will growing Costs of new Oil Supplies knock against declining Consumers’ Affordability?

In this post I present developments in world crude oil (including condensates) supplies since January 2007 and per June 2016. Further a closer look at petroleum demand (consumption and stock changes) developments in the Organization for Economic Cooperation and Development (OECD) for the same period and what this implies about demand developments in non OECD.Continue reading “Will growing Costs of new Oil Supplies knock against declining Consumers’ Affordability?”

Status of Norwegian Natural Gas at end of 2015 and Forecasts towards 2025

In this post I present actual Norwegian natural gas production, status on reserves, the development in discoveries and what this results for Norwegian Petroleum Directorate (NPD) and my expectations for the future delivery potential for Norwegian natural gas. Norway, after Russia, has been and is the EU’s second biggest supplier of natural gas. Norway isContinue reading “Status of Norwegian Natural Gas at end of 2015 and Forecasts towards 2025”