The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

UPDATE 1-Shell's key gas plant in Norway suffers outage

Sat, 02nd Mar 2013 16:02

OSLO, March 2 (Reuters) - Output at the Nyhamna natural gasplant on Norway's western coast, which processes gas from RoyalDutch Shell's giant Ormen Lange field, has been furtherreduced on Saturday due to a power grid failure, gas systemoperator Gassco said.

"Failure in the national power grid system, due to stormyweather," Gassco said on its website.

The plant suffered an unexpected outage early on Saturdaywhich reduced production by 32 million cubic metres on Saturday,and the power failure and weather problems is expected to reduceit by an additional 50 mcm per day until 0500 GMT on Sundaymorning.

The plant produces primarily for export to Britain.

The Nyhamna issue comes on top of an outage at Statoil's Kvitebjørn gas field, which already reduced output by22 million cubic metres on Saturday.

Norway is Europe's second biggest piped gas exporter.

Related Shares

More News
27 Oct 2022 07:30

Shell announces $4bn share buyback as Q3 profits beat expectations

(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.

21 Apr 2022 11:53

Shell turning to China to offload Russian business - report

(Sharecast News) - Shell is reportedly looking to China as it looks to offload its Russian business.

15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

(Sharecast News) - Shell is reportedly preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, par...

7 Feb 2022 10:52

Berenberg nudges up target price on Shell

(Sharecast News) - Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350.0p to 2,375.0p on Monday, stating th...

31 Jan 2022 10:53

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.