Norway's March Oil Output Lags Forecast, Gas is Ahead

Nora Buli
Friday, April 22, 2022

Norway's crude oil output in March missed the official forecast but gas output exceeded expectations, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Thursday.

Crude oil output fell to 1.74 million barrels per day (bpd) in March from 1.78 million bpd in February, lagging a forecast of 1.85 million bpd, the NPD said.

Natural gas production in March rose to 10.4 billion cubic meters (bcm) from 9.8 bcm a month ago, and was 6.3% above forecast, it added.


(Reuters - Reporting by Nora Buli, editing by Terje Solsvik)

Categories: Energy Industry News Activity Europe Production

Related Stories

Oil Heads for Weekly Decline Despite Middle East Supply Threats

Vår Energi Taps SLB for Drilling Services on Two Rigs off Norway

Harbour Energy Raises 2026 Outlook Again on Record Output

Current News

Nova Scotia, Massachusetts Explore Joint Offshore Wind Power Developments

Seaway7 Starts Cable Installation at Ørsted’s Hornsea 3 Wind Farm

Scotland-England Subsea Power Link Secures Marine License

Norway's Top Court Invalidates Three Offshore Oilfield Approvals

Subscribe for OE Digital E‑News