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Energy and manufacturing: Oil and gas
All content for subtopic oil and gas
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Machinery and equipment contribute to increase in manufacturing turnover
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 0.8 per cent in the period November 2018 to January 2019. Machinery and equipment in particular contributed to this growth. A 2.4 per cent increase ...
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Decrease in sales of 9 per cent in January 2019
Total sales of petroleum products in January amounted to 602 million liters.
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PPI went up
After two months of significant decreases, the Producer Price Index (PPI) rose 0.3 per cent from December to January. Increased prices on fish, electricity and crude oil were the main contributors.
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Further increase in manufacturing turnover in fourth quarter
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 1.6 per cent from the third to the fourth quarter of 2018. Increased turnover within machinery and equipment and ships, boats and oil platforms was ...
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Decrease in sales of 6 per cent in December 2018
Total sales of petroleum products in December amounted to 598 million liters.
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Lower petroleum prices drove the PPI down
The Norwegian PPI dropped 3.5 per cent from November to December. This was caused by lower prices on crude oil, natural gas and refined petroleum products.
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Further increase in manufacturing turnover
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 2.5 per cent from September to November compared to the previous three-month period. The turnover was unchanged from October to November.
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Decrease in sales of 2 per cent in November 2018
Total sales of petroleum products in November amounted to 695 million liters.
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Development has changed in the extraction industry
After two years of decline, the development has been reversed in the industries within extraction of oil and natural gas. However, production costs and staffing numbers have continued to be cut.
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Sharp fall in crude oil prices
The producer price index fell for the first time since February 2018. Higher prices on electricity were offset by a substantial fall in the price of crude oil.
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Manufacturing turnover increases further
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 2.2 per cent from August to October compared to the previous three-month period. A 0.3 per cent increase was recorded from September to October.
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Increase in sales of 1,9 per cent in October 2018
Total sales of petroleum products in October amounted to 758 million liters.
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Price of natural gas pulled up the PPI
The producer price index (PPI) rose 3.6 per cent from September to October. An increase in the price of natural gas of over 20 per cent was the most important contributor.
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Manufacturing turnover back at top level in the third quarter
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing increased by 1.9 per cent from the second to the third quarter of 2018. A 2.2 per cent increase was recorded from August to September.
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Decrease in sales of 2,3 per cent
Total sales of petroleum products in September amounted to 690 million liters.
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