Norway November Oil, Gas Output Missed Forecast

Wednesday, December 19, 2018

Norway's November oil and gas output was lower than originally expected due to a collision between a navy frigate and an oil tanker that triggered shutdowns of major export facilities and several offshore fields, the country's oil regulator said.

Oil output rose slightly in November from October but was 3.9 percent below the Norwegian Petroleum Directorate's (NPD) forecast for the month, the agency said on Wednesday, while adding that gas output was 6.5 percent lower than expected.

"The main reasons that production in November was below forecast is the shutdown of the Sture oil terminal and the Kollsnes gas processing plant after a collision between a crude tanker with a military vessel and technical problems on some fields," the NPD said.

The November 8 collision off Norway's west coast, in which the Helge Ingstad frigate sank, caused only light injuries to its crew. The cause of the incident is still subject to several investigations by authorities.


(Reporting by Terje Solsvik; editing by Jason Neely)

Categories: Europe Oil Production Natural Gas

Related Stories

Vard to Build Two CSOVs for Taiwanese Client

Ulstein Verft Begins Outfitting Olympic's Next CSOV

Bluestone to Supervise Construction of Prysmian's Two New Cable Layers

Current News

Cadeler Wins Wind Turbine Install Work in the Polish Baltic Sea

Indonesia to Ask Mubadala to Speed Up South Andaman Gas Development

UK’s Offshore Wind Test Facility Gets $100M Overhaul Boost

OPT’s Wave-Powered Tech Nears 15MWh of Renewable Energy Production

Subscribe for OE Digital E‑News