Norway Oil Output Beats Forecast, Gas Lags

Tuesday, November 19, 2019
Norwegian giant: Production from the large Johan Sverdrup oilfield began ahead of schedule, helping to lift Norway's October output. (Photo: Espen Rønnevik/Øyvind Gravås, Equinor)

Norway's oil production rose in October from the previous month, beating official forecast by 4.5%, while gas production continued to lag, the Norwegian Petroleum Directorate (NPD) said on Tuesday.

Output from the giant Johan Sverdrup oilfield kicked in ahead of schedule last month, contributing to a boost in Norway's crude output of 16.6% month-on-month and 2.4% year-on-year.

Daily natural gas output rose by 50.3% month-on-month to 9.3 billion cubic meters in October, but still missing forecasts by 13.6%, the industry regulator added.

Top Norwegian producer Equinor said last month it had restrained its gas output amid a supply glut.


(Reporting by Terje Solsvik)

Categories: Energy Europe Oil Production Natural Gas

Related Stories

FPSO Alexandre de Gusmão Starts Production

FPSO Alexandre de Gusmão Starts Production

Wales Tidal Energy Project Moves Ahead

Wales Tidal Energy Project Moves Ahead

Triton FPSO Set for End of June Production Restart as Repair Ops Wrap Up

Triton FPSO Set for End of June Production Restart as Repair Ops Wrap Up

Current News

Galp Targets 40% Oil Production Boost in Brazil with New Field

Eni Starts Talks with GIP for Carbon Capture Unit Stake Sale

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

Agogo FPSO Checks In Offshore Angola

Subscribe for OE Digital E‑News

Offshore Engineer Magazine