Norway's December Oil Output Misses Forecast

Tuesday, January 22, 2019

Norway's oil production fell by 2.1 percent year-on-year in December and lagged the Petroleum Directorate's forecast for the month by 2.5 percent amid technical problems at some offshore fields, the industry regulator said on Monday.

December natural gas output fell by 2.5 percent year-on-year, lagging forecasts by 3.6 percent, it added.

Norway recently predicted its 2019 oil output would fall to a 30-year low, although it is expected to rebound next year following the start-up later this year of the giant Johan Sverdrup oilfield.


(Reporting by Terje Solsvik, editing by Gwladys Fouche)

Categories: Offshore Energy Europe Production

Related Stories

Mocean Energy’s Blue X Wave Device and Verlume’s Halo Battery Come Ashore

ABL Gets Neptun Deep Job for OMV Petrom in Black Sea

DEME Scoops ‘Most Extensive’ Cabling Contract in Its History

Current News

Talos Energy Makes Leadership Team Changes

SOVs – Analyzing Current, Future Demand Drivers

Equinor Cleared for Drilling Ops at Johan Castberg Field with Transocean Enabler Rig

Skanska Set for South Brooklyn Marine Terminal Buildout

Subscribe for OE Digital E‑News