Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Challo Jeregy who wrote (24000)	6/12/1998 3:48:00 PM
From: Captain James T. Kirk	Respond to of 95453

Norway May oil output fell 10 pct to 2.8 mln bpd OSLO, June 12 (Reuters) - Norway pumped an average 2.8 million barrels per day (bpd) of crude oil in May, a drop of almost 10 percent compared with 3.0 million bpd in April, a Reuters poll of oil operators showed. Maintenance accounted for drops in output at the Statfjord A and Gullfaks A and B platforms and the Snorre, Vigdis, Yme and Draugen oilfields. The total excludes 162,532 bpd of condensate output from the North Sea Sleipner developments. Most other fields had lower production, which appeared to bolster the government's claims that it had implemented a three percent cut in output at selected fields from May 1. Norway announced the output cut in March in line with efforts by other OPEC and non-OPEC producers under the Riyadh Pact to reduce supply to the glutted market and support prices. Since then some producers have announced additional reductions, but have so far failed to halt a slide in prices. Norway so far has rejected calls to plug production further. -------------------------------------------------------------------------------- If the rest of OPEC was like these guys, Oil would be flying.