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Page added on May 20, 2019
North Sea Oil Production Struggling
North Sea oil production is struggling, according to independent energy research and intelligence business Rystad Energy.
The company’s North Sea oil output forecast – which looks at crude and lease condensate production, including onshore, for Norway, the United Kingdom, Denmark and the Netherlands – projects that 185,000 barrels per day (bpd) of outages will be seen in May.
Rystad Energy’s forecast also shows that 462,000 bpd of outages will be seen in June and reveals that further outages are set for July, August and September.
Production is set to hit 2.526 million bpd in May, 2.275 million bpd in June, 2.660 million bpd in July, 2.457 million bpd in August and 2.453 million bpd in September, according to the forecast.
“Currently we see unplanned outages at Oseberg and Flotta with combined impact of 160,000 bpd,” Rystad Energy said in a company statement posted on its website.
“Furthermore, the North Sea is heading into maintenance season. We forecast North Sea oil production to drop next month to the lowest level since August 2014 as Ekofisk goes into maintenance,” Rystad Energy added.
“Turnaround activity at Ekofisk feeding fields is the primary driver accounting for 230,000 bpd of the total outage for June 2019,” the company continued.
Back in March, Rystad Energy revealed that oil production in the North Sea would drop by 330,000 bpd month-on-month in June as Ekofisk closed for planned work.
Ekofisk was Norway’s first producing field, according to operator ConocoPhillips Norway. The field was discovered in 1969 and production started in 1971.
Rystad Energy is headquartered in Oslo, Norway. The company also has locations in a number of other cities around the world.
301 Comments on "North Sea Oil Production Struggling"
I AM THE MOB on Sat, 25th May 2019 9:26 am
Clogg
Don’t worry my friend..Your country can start exporting Cow shit when you run out of natural gas here shortly..
Europe’s Biggest Natural Gas Producer Is Running Out of Fuel
https://www.bloomberg.com/news/articles/2016-09-16/europe-s-biggest-natural-gas-producer-is-running-out-of-fuel
Shell forecasts global Natural Gas supply shortage in mid-2020s
https://www.cnbc.com/2018/02/26/shell-warns-of-lng-shortage-as-demand-for-liquefied-natural-gas-booms.html
HAHA
Cloggie on Sat, 25th May 2019 10:16 am
Mobby, possom, hate to disappoint you, but we have until 2040 sufficient gas:
https://www.trouw.nl/groen/de-gaskraan-dicht-slochteren-heeft-nog-240-kleine-broertjes~a3a1ee5b/
If push comes to shove, we can complete the transition within a decade.
There is no energy problem, certainly not for Holland.
Cloggie on Sat, 25th May 2019 10:19 am
Oh that Bloomberg link refers to the Netherlands as a major gas exporter. Those days are over indeed, but we have still more than enough for ourselves.
Cloggie on Sat, 25th May 2019 10:24 am
I’m sure you want to make a point, it is just that you haven’t figured out which one.
Davy on Sat, 25th May 2019 11:46 am
Oops, sorry Cloggie Sir. I’m a simple hillbilly and sumtimes it takes me a real long time to figure stuff out. I think I got it now.
Not LMFAO so much anymore but you sure should be
JuanP on Sat, 25th May 2019 12:07 pm
Juanpee posting
Davy on Sat, 25th May 2019 11:46 am
Oops, sorry Cloggie Sir. I’m a simple hillbilly and sumtimes it takes me a real long time to figure stuff out. I think I got it now.
Not LMFAO so much anymore but you sure should be
I AM THE MOB on Sat, 25th May 2019 12:30 pm
Rural America Is On The Verge Of Collapse
https://www.zerohedge.com/news/2019-05-20/rural-america-verge-collapse
HAHAH! This is what happens when you vote for RepubliCONS..Couldn’t happen to a nicer group of people..
I AM THE MOB on Sat, 25th May 2019 12:34 pm
CLogg
Your countries GDP peaked 40 years ago..And you have had two major recessions in the last ten years..And your region is breaking apart and will have 0 GDP in a decade..And you have a massive oil shortage coming, and you are the worlds second largest oil importer..And solar and wind can’t replace oil..
I am going to love seeing all of your region collapse and saying “I told you so”..
Wind and solar are false hopes that is why investment has peaked and is in decline..
LOL
I AM THE MOB on Sat, 25th May 2019 1:03 pm
Globalization will end the Illegal Immigrant Problem
One Bank, One Currency, One Language. One Religion, No Borders
Davy on Sat, 25th May 2019 1:25 pm
“Rural America Is On The Verge Of Collapse
https://www.zerohedge.com/news/2019-05-20/rural-america-verge-collapse”
MOBster, you are a slow fuck arn’t you:
“https://peakoil.com/consumption/rural-america-is-on-the-verge-of-collapse”
You didn’t even realize we had a thread already besides WTF are you doing reading ZH?
Cloggie on Sat, 25th May 2019 1:26 pm
“Your countries GDP peaked 40 years ago.”
Absurd, you’re an idiot, please don’t take it personal.
“And you have had two major recessions in the last ten years.”
All caused by you (Lehman!).
“One Bank, One Currency, One Language. One Religion, No Borders”
The (racial) neo-bolshevik creed, prevalent in the US of today, that inevitably will cause its collapse, turning the country in one giant Yugoslavia, which is ok. All we need to do is rake in 100 million IQ95 alt-right neckbeards and het Smerica over with. Everybody happy.
Davy on Sat, 25th May 2019 1:26 pm
“One Bank, One Currency, One Language. One Religion, No Borders”
What a dumb fuck
Davy on Sat, 25th May 2019 1:28 pm
“All caused by you (Lehman!).”
another dumb fuck. The European banks were all part of it too, cloggo. Deutsche Bank might be the next Lehman.
Cloggie on Sat, 25th May 2019 1:36 pm
Nobody in Europe needs Bannon or Infowars clowns, depicting the EU as “evil”, all in the interest of the US with the sole motive to get rid of a geopolitical rival.
https://www.independent.co.uk/news/world/europe/steve-bannon-european-elections-marine-le-pen-salvini-a8930006.html
Beat it, Bannon!
Cloggie on Sat, 25th May 2019 1:40 pm
“The European banks were all part of it too, cloggo.”
The rot originated in the US, not Europe.
All suprime loans were American, not European.
Europeans had an unjustified faith int this US garbage and had bought the junk. Won’t happen again.
I AM THE MOB on Sat, 25th May 2019 1:41 pm
Clogg
What I said was a fact..Your GDP peaked forty years ago..I can easily prove it with the world bank reference..
Calling someone a name isn’t an objection..
Your region is on the brink of collapse and civil war..No shared culture or language like the US..
LOL
Cloggie on Sat, 25th May 2019 1:48 pm
“What I said was a fact..Your GDP peaked forty years ago..I can easily prove it with the world bank reference.”
What you probably meant to say is that GROWTH peaked 40 years ago, not GDP, but I can imagine that these concepts are confusing to you, as you are not the brightest bulb in the Christmas tree.
That’s ok, remember I am here to help you and empire dave.
I AM THE MOB on Sat, 25th May 2019 1:55 pm
Clogg
Europe GDP
1973 (5.4%) Peak Year
2000 (3.7%)
2016 (1.7%)
Source: World Bank
https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locati&locations=EU
Netherlands GDP
1965 (8.2%) Peak Year
2000 (4.2%)
2017 (2.8%)
Source: World Bank
https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locati&locations=NL
Both Europe and The Netherlands economies peaked forty years ago..And our trending towards zero over the next decade..
Davy on Sat, 25th May 2019 1:55 pm
“The rot originated in the US, not Europe. All suprime loans were American, not European.
Europeans had an unjustified faith int this US garbage and had bought the junk. Won’t happen again.”
AH, wrong cloggo, European banks made it all possible too.
“The Roots Of The Finacial Crisis: Who Is To Blame?”
https://tinyurl.com/yyup88o9 public integrity
“Since the confusion and panic of 2008 has receded, angry taxpayers have been looking for someone to blame for the mess. Subprime lenders that originated loans they knew were likely to fail are widely cited as a good place to start. But the subprime lenders could never have done so much damage were it not for their underwriters — those giant investment banks in the U.S., Germany, Switzerland, and England.”
Cloggie on Sat, 25th May 2019 1:57 pm
A little diversion into the sordid realm of secret services:
https://www.dailymail.co.uk/news/article-7069553/Princess-Diana-death-no-accident-say-couple-witnessed-crash.html
“Princess Diana’s death crash was NOT an accident and two cars involved have never been traced, say American couple who witnessed the smash – as they reveal they now fear for their lives”
#MI6
Killing of Rudolf Hess in Spandau, Berlin:
#MI6
9/11:
#Mossad-CIA
I AM THE MOB on Sat, 25th May 2019 1:57 pm
Clogg
GDP is growth..You toothless uneducated slob..
Numbers don’t lie..Only stupid ugly nazi’s do..
GDP growth (annual %)
https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locati&locations=NL
I AM THE MOB on Sat, 25th May 2019 1:59 pm
Clogg
Someone “SAYS” it wasn’t an accident..That proves it huh?
You are such a fucking moron..Always falling for false news..
Grasping at straws like all paranoid wacko’s..
I AM THE MOB on Sat, 25th May 2019 2:04 pm
The great global recession was caused by peak oil and the price of oil sky rocketing..
Causes and Consequences of the Oil Shock of 2007–08 (Hamilton 2009)
https://www.scribd.com/document/396046295/Causes-and-Consequences-of-the-Oil-Shock-of-2007-08-Hamilton-2009
Did the Oil Price Boom of 2008 Cause Crisis? WSJ
https://blogs.wsj.com/economics/2009/04/03/did-the-oil-price-boom-of-2008-cause-crisis/
IMF
https://www.imf.org/external/pubs/ft/oil/2000/
IEA
https://www.imf.org/external/pubs/ft/oil/2000/
Clogg has got to be the establishments greatest gift..He swallows the propaganda like mothers milk..No thinking, no questioning, just yum yum yum..
He simply can’t think objectively..Conservative boomers don’t have the cognitive abilities to tell what news is real or fake..They have low IQ’s in their prime and it goes into the 70’s later in their lives..And it totally shows by the leaders they elect.
Cloggie on Sat, 25th May 2019 2:04 pm
From empire dave’s link:
“Investment banks Lehman Brothers, Merrill Lynch, JPMorgan & Co., and Citigroup Inc. both owned and financed subprime lenders. Others, like RBS Greenwich Capital Investments Corp. (part of the Royal Bank of Scotland), Swiss bank Credit Suisse First Boston, and Goldman Sachs & Co., were major financial backers of subprime lenders.”
All Anglo and only RBS a little bit European.
Browsing through the article… Anglo names only, most American.
FRAUD!
Cloggie on Sat, 25th May 2019 2:09 pm
“GDP is growth”
No, you fool.
My length is 190 cm
My growth is 0%, for more than 40 years and I feel fine.
Dutch GDP is currently 1,004 T
Growth 2018 2.5%
Got it?
Cloggie on Sat, 25th May 2019 2:20 pm
https://images.app.goo.gl/grVrZDn7tE2nz2U57
Dutch economy grew with 26% between 2006-2017 alone.
So what do you mean, Dutch gdp peaked 40 years ago?
Mobby stopped growing intellectually at an age of 12.
Cloggie on Sat, 25th May 2019 2:23 pm
Note btw how well the UK did…
AS PART OF THE EU.lol
#CoolBrittania=EU-membership
supertard-dave-thegreat-AKA-fmr-paultard on Sat, 25th May 2019 2:26 pm
i don’t know why supertard loves muzzies so much. he still has no free labor muzzies in his 10,000 acres ranch. i buy them for $5 each with all limbs amputated. so for $500 i get 100 muzzies instead of trying to figure out whether to send them back to europe america or leave them in syria. simple problem made complex because some insist on loving muzzies.
I AM THE MOB on Sat, 25th May 2019 2:38 pm
Clogg
Humans stop growing, and there are no harmful consequences..If you economy stops growing you will go into a deflationary death spiral and you can repay any debts, so every company and your government will go bankrupt..
Its amazing what a coward you are and how scared of reality and truth you are..
I AM THE MOB on Sat, 25th May 2019 2:41 pm
Clogg
Your region is headed for a permanent depression..And you know what happened last time that occurred?
I see blood in the water and so do the rulers of the world..
Should be easy to break Europe apart again and crush it into powder..
HAHHA
Cloggie on Sat, 25th May 2019 3:13 pm
Should be easy to break Europe apart again and crush it into powder..
HAHHA
Henry Ford’s “International Jew” for you.
This is what mobster’s tribe did to Russia:
https://russia-insider.com/en/history/ritual-talmudic-execution-and-torture-methods-bolsheviks-were-satanic/ri25529
And they intend to do the same to naive Anglos with their new found proletariate:
https://documents1940.wordpress.com/2017/10/26/the-new-america/
Fortunately, this time continental Europe, Russia and China are standing by to make short thrift with the Anglo-Zionist monster.
Davy on Sat, 25th May 2019 3:20 pm
“Browsing through the article… Anglo names only, most American. FRAUD!”
Cloggo, many European banks were right there involved with the shit you fraudster. The issues were more than just subprime BTW. The problems also involved many kinds of derivatives. All this is over your binary thinking and limited financial understanding. I would expect these kinds of comments out of you. When it comes to business, economics, and finance you are dumb as a box of rocks.
Davy on Sat, 25th May 2019 3:29 pm
“Dutch economy grew with 26% between 2006-2017 alone.”
Cloggo generates a graph that is illegible. Cloggo you might include the debt that allowed this fake growth. First I do not believe the economy grew that much and
Second even the growth Holland had was not entirely real growth as in generated without excessive debt and mal-investment. You are a fraudster of the first degree. When I get in from the field I will check this number. Expect to be neutered yet again.
I AM THE MOB on Sat, 25th May 2019 3:38 pm
Beto O’Rourke says Trump is “provoking yet another war in the Middle East”
https://www.cbsnews.com/news/beto-orourke-says-trump-is-provoking-yet-another-war-in-the-middle-east-2019-05-25/
Cloggie on Sat, 25th May 2019 3:45 pm
“Cloggo generates a graph that is illegible.“
Don’t make a fool of yourself, more than necessary. The source is on the graph: Eurostat.
I AM THE MOB on Sat, 25th May 2019 3:50 pm
Every white guy after sex: “I usually last longer but its been awhile”
LOL MAYOCIDE!
I AM THE MOB on Sat, 25th May 2019 3:53 pm
Clog always starts with a conclusion and then works his way backwards..That is why his sources are never have any credibility..
People like clogg are the reason countries like China censor the internet and free speech..
Cloggie on Sat, 25th May 2019 3:55 pm
“many European banks were right there involved with the shit you fraudster.”
They were involved allright. Here is an overview in simple language that even financial dummies like you should understand:
https://en.wikipedia.org/wiki/Subprime_crisis_background_information
Subprime crisis = a lot of foreign banks had borrowed US credittakers cheap money. The crisis of 2008 consisted solely in US debtors not paying back these foreign creditors. US defaulters brought foreign banks into trouble. The rot was pure and alone in the US and its low credit standards (“Unemployed Leroy and his mortgage”).
Cloggie on Sat, 25th May 2019 4:04 pm
The real reason for the subprime crisis:
https://www.lewrockwell.com/2007/09/thomas-dilorenzo/the-government-created-subprime-mortgage-meltdown/
The Government-Created Subprime Mortgage Meltdown
By Thomas DiLorenzo
September 6, 2007
Summary: the real reason for the subprime crisis was US government created, in that they applied pc pressure on banks to provide loans to normally credit-unworthy parties. The US banks knew this very well and sold these hazardous papers to unsuspecting European banks, with an unfounded faith in the quality of the US garbage.
They won’t make the same mistake again.
Davy on Sat, 25th May 2019 4:10 pm
“Don’t make a fool of yourself, more than necessary. The source is on the graph: ”
Cloggo, this is an English speaking forum go play with your Dutch Natzi pals on a Dutch site. You can speak all the Dutch you want. Here you are not going to make a point in Dutch and be legit. Got it!
I AM THE MOB on Sat, 25th May 2019 4:23 pm
Small group of America’s big farms gets bulk of Trump bailout funds
Between September and mid-April, $4.5bn of MFP payments went to 10 per cent of recipients, according to records the Financial Times obtained under the US Freedom of Information Act.
https://www.ft.com/content/51d4a552-78ce-11e9-be7d-6d846537acab
I AM THE MOB on Sat, 25th May 2019 4:26 pm
Clogg
I post a scholary acedmeic paper by an energy economist..And the WSJ, and the IMF and IEA as sources..
You post some right wing nutter trying to push a political agenda with no data..
Like I said before..You start at a conclusion and work your way backwards..That is why your statements and arguments are always so easy to destroy..
Every recession since WW2 except for one has came after an oil price spike..Including our last five 08,00,90,80,73.
Cloggie on Sat, 25th May 2019 4:29 pm
“Here you are not going to make a point in Dutch and be legit. Got it!”
I made the point in English. And how difficult should it be for you to verify Dutch growth figures if you don’t take my word for it?
Btw, when will the neutering begin, the one you announced earlier?
Davy on Sat, 25th May 2019 4:35 pm
Go play with your Dutch Natzis Cloggo if you want to throw Dutch around. A Dutch graph does not fly here.
I AM THE MOB on Sat, 25th May 2019 4:44 pm
An interactive color coded map of European political parties from left to right
https://www.zeit.de/politik/ausland/2019-05/elections-in-europe-eu-countries-results-map-english
cloggs far right movement is a joke.. except for the dumb religious wackos in poland
lol
Cloggie on Sat, 25th May 2019 5:34 pm
“Go play with your Dutch Natzis Cloggo if you want to throw Dutch around. A Dutch graph does not fly here.”
When shithole country dave loses the debate, as always he brings up the natzis, the hollywood natzis that is. The real mass murderers were his club. Have been for a century now.
Fortunately they now run into severe trouble.
Lost in Syria from Russia and now they are looking for trouble with China:
https://russia-insider.com/en/us-economic-war-china-godsend-russia/ri27104
“US Economic War on China Is a Godsend for Russia”
What could possibly go wrong?
I AM THE MOB on Sat, 25th May 2019 5:36 pm
Mike Pence: West Point grads should expect to see combat
https://news.yahoo.com/mike-pence-address-diverse-graduating-west-point-cadets-141732739.html?ncid=twitter_yahoonewst_sjwumo1bpf4
Another NeoCon false flag should be coming soon!
Davy on Sat, 25th May 2019 5:58 pm
“When shithole country dave loses the debate, as always he brings up the Natzis”
Cloggo, English, not graphs in Dutch. You are deflecting the fact I neutered your fraud.
I AM THE MOB on Sat, 25th May 2019 6:51 pm
Russia’s Dirty Oil Crisis Is Worse Than Almost Anyone Predicted
Then there’s the mystery of what’s happening to Russia’s crude oil while Druzhba is shut. According to official data, output has barely dropped over the last four weeks, falling from 11.23 million barrels a day in April to 11.15 million barrels a day so far in May. But the country is shipping roughly 1 million barrels a day less than normal, about a tenth of its output.
That’s led oil traders to puzzle on how Russia’s been able to maintain production, asking whether it has the millions of barrels of empty storage needed to hoard the crude that hasn’t flowed through Druzhba for four weeks.
Spokesmen for Transneft and Rosneft PJSC declined to comment.
https://www.bloomberg.com/news/articles/2019-05-24/russia-s-dirty-oil-crisis-is-worse-than-almost-anyone-predicted?srnd=premium-middle-east
I don’t think they have that much storage. But why would they lie? Do they want to give the impression that they are producing more oil than they actually are?
Everyone (including everyone in Russia) knows they dont have a replacement for oil revenue when that starts to decline (which is why they’ve been going flat out to maintain production despite a lack of new fields).
I AM THE MOB on Sun, 26th May 2019 11:20 am
Globalization will end the Illegal Immigrant Problem
One Government, One Bank, One Currency, One Language. One Religion, No Borders