A Statoil rig in the North Sea. The company looks set to cut upstream investment. (Harald Pettersen/Statoil) Exploration & Production

Norway’s upstream investment to tumble further

Norway has slashed its forecasts for investment on its continental shelf in 2017 in a move that has surprised industry experts.

By Annemarie Botzki 30 August 2016 13:15 GMT

Analysis & Forecasts

Regional Focus: Middle East & Africa

Market Drivers

Norway expected to cut upstream spending

Cuts in Norway’s upstream investment could mean the country’s output will also drop, despite forecasts for record production.

Market Drivers

LNG over-commitment haunts Argentina

Argentina is struggling to fulfil its LNG import commitments as a result of weakening gas demand and rising domestic output of the fuel.

Market Roundup

More wells at Rough expected to be operating this winter

The UK’s Rough storage facility will have more wells in operation for withdrawals during the winter but no injections will take place, helping to support prices.

Market Roundup

Weather limits US gas exports to Mexico

Pipeline gas exports from the US to Mexico are under pressure from floods in Louisiana and high demand for air conditioning in the southern states.

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Gas Trends

Bear market hall of fame

Natural Gas Daily examines reactions to the new bear market reality in eight countries and reviews what NOCs and IOCs are doing to limit their losses.

24 February 2016 13:13 GMT