Norway must explore and discover more to maintain production, report says

first_imgProduction of oil and gas in Norway will increase going forward but new and larger discoveries have to be made in order to maintain the same level after the mid-2020s, according to a resource report by the Norwegian Petroleum Directorate (NPD), the country’s petroleum resources regulator.The Norwegian regulator published the 2018 Resource Report for Exploration on Thursday, June 21.According to the report, there is a lot of remaining oil and gas on the Norwegian shelf, which still provides significant opportunities in both mature and less explored areas. Increased knowledge, more and improved data, new work methods and new technology will create new exploration possibilities and can yield more profitable discoveries.However, the report stated, to maintain the production of oil and gas over time, companies must explore – and discover – more.The NPD exploration director, Torgeir Stordal, says: “This report includes an updated overview of undiscovered petroleum resources on the shelf. It shows that after more than 50 years of activity, about 55 per cent of anticipated oil and gas resources have yet to be produced. Of these, just under half have not even been discovered.”The estimate for undiscovered resources is 4000 million standard cubic meters of oil equivalents (Sm3 o.e.), which corresponds to about 40 Johan Castberg fields. The NPD expects about two-thirds of the undiscovered resources to be located in the Barents Sea; the rest is distributed between the North Sea and Norwegian Sea.“The figures tell us that opportunities on the Norwegian shelf are great and could provide the basis for oil and gas production for decades to come,” says Stordal.“The authorities facilitate regular access to acreage through licensing rounds. The industry has shown considerable interest in the most recent rounds, and after a few years of less exploration activity we are seeing this pick up again. This is important for the resource potential to be proven and produced.”The NPD’s analyses show that it has been profitable to explore in all sea areas on the Norwegian shelf. The exploration director therefore emphasises that it is important that companies continue to actively explore in both familiar and more frontier areas, and that a diverse range of players contribute to this.The NPD noted that the trend in recent years is that the discoveries have been smaller than before. Moreover, it is becoming more difficult to find the oil and gas deposits. In this context, new technology has provided better data and better tools, which have contributed to new insight and new exploration concepts.“This development will continue. The combination of better geotechnical expertise and digital technology will probably become the key to identifying new resources in the years to come.”The report presents numerous analyses that will make up part of the knowledge basis for both the authorities and the industry. The purpose of the analyses is to provide a basis for learning and good decisions that can contribute to maintaining the exploration activity and production level over time.New chapterIn many places in the world there are minerals with rare earth elements on the seabed, and there is a beginning commercial interest in exploiting these resources. There are seabed minerals in the deep parts of the Norwegian Sea on the Norwegian shelf. In the summer of 2018, the NPD will start its own surveys to learn more about these minerals:“This could become a new chapter in the story of Norway’s ocean resources,” says Stordal.last_img read more

Women’s basketball: Badgers eyeing No. 14 Ohio State upset to end 10-game skid

first_imgThe University of Wisconsin women’s basketball team (5-17, 0-9 Big Ten) will try to avoid losing 10 straight games since beginning conference play as they welcome No. 14 Ohio State University (20-5, 10-1) to the Kohl Center for a showdown Saturday.The Badgers also look to end their streak of three straight 20-point losses going into the matchup with Ohio State Sunday. They desperately need to get back in the win column as they have gone nearly two months since their last victory — a one-point win on Dec. 12 against UW-Green Bay. The Badgers have not won more than one game in a row this year.Football: Jim Leonhard named Wisconsin defensive coordinatorPaul Chryst didn’t have to look far for his new defensive coordinator. The University of Wisconsin football team announced Thursday Read…Pulling off the upset against Ohio State will be no easy task, however, as the Buckeyes come into the Kohl Center this weekend ranked No. 14 nationally and second in the Big Ten behind No. 3 Maryland.The Buckeyes need a win as well to stay right on the tail of Big Ten-leading Maryland. The Buckeyes will have a pivotal game against the Terrapins on Feb. 20 which will likely decide the Big Ten regular season champion.The Badgers have to score more than their 60.8 points per game against the high-flying Buckeyes. The Buckeyes come into the game averaging 86.8 points per game and outscoring their opponents by an average of 15.4 points per game. During UW’s nine-game losing streak, they have only scored more than 60 points twice and seven times all season.UW could score the upset if they keep OSU’s leading scorer, Kelsey Mitchell, under her season scoring average (22.8). Mitchell is a dynamic player who also leads the Buckeyes in assists, and she will be on the front page of Wisconsin’s game plan going into Sunday.Men’s basketball: Fighting Illini no match for controlling BadgersThe University of Wisconsin men’s basketball team started out strong and never trailed as they knocked off the University of Read…Scoring and playing tough defense will be the name of the game for the Badgers if they want to compete with the Buckeyes. The Badgers’ leading scorers, Cayla McMorris (12.9) and Avyanna Young (10.1), will need to be at the top of their games to give UW the best chance to pull off their first Big Ten win in front of the home faithful.The Badgers will also have to play their best defense of the year to slow down the potent Buckeye’s offense. This will be a challenge as the Buckeyes have scored more than 60 points in every single game but two this year.The Badgers will continue their quest for their first Big Ten win at 1 p.m. airing on Big Ten Network.last_img read more

Sumner Newscow weekly poll: The Kansas Legislature question

first_img Loading …Follow us on Twitter. What’s your view of how the Kansas Legislature handled the school finance bill? The legislature should be applauded for getting this piece of legislation through. I was fine with the school finance portion of the bill, but not the add ons like elimination of due process for teachers. How the legislature handled this was completely unethical. I don’t know enough about the process to comment either way. View Results Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more

Two shot in Van Nuys

first_imgVAN NUYS – The evacuated residents of an apartment complex in Van Nuys were allowed to return home this morning when an LAPD bomb squad detonated a suspicious device discovered at the scene of a shooting, authorities said. The shooting occurred around 10:30 p.m. at 5658 Sepulveda Blvd. near Burbank Boulevard, said Lt. G. Choury of the Los Angeles Police Department’s Van Nuys station. A 68-year-old man was shot in the arm and a 69-year-old man was shot in the leg, Capt. Steven Ruiz, also of the Van Nuys station. The two victims were treated at the scene, then taken to a hospital. Both victims were in stable condition, Choury said. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREChargers go winless in AFC West with season-ending loss in Kansas City Police recovered at least two guns and were searching for a suspect, he said. Around 11:30 p.m., a bomb squad was called when police discovered what appeared to be an explosive device in the parking garage area, he said. Residents of the complex were immediately evacuated and put on an MTA bus, he said. After several hours the residents were allowed to return to their homes, Choury said. ——————————————– For the latest news and observations on crime in Los Angeles and the San Fernando Valley, check out the Daily News’ crime blog by clicking here.last_img read more