Norway Oil Output Beats Forecast, Gas Lags

Tuesday, November 19, 2019

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

SOVs – Analyzing Current, Future Demand Drivers

Aker BP’s Hanz Field Comes Onstream in North Sea

BP Starts Oil Production at Major New Platform Offshore Azerbaijan

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