Norway May Oil & Gas Output Down But Beats Forecast

Thursday, June 20, 2024

Norway's natural gas output fell in May but still beat an official forecast, while crude oil production also exceeded expectations despite overall lower volumes, the Norwegian Offshore Directorate (NOD) said on Thursday.

Natural gas production in May fell to 322.6 million cubic metres (mcm) per day from 346.8 mcm a month ago, but exceeded a forecast of 315.4 mcm by 2.3%, the regulator said on its website.

Crude oil output fell to 1.69 million barrels per day (bpd) in May from 1.84 million bpd in April, but came in 2.9% above a forecast of 1.64 million bpd, NOD's preliminary data showed.


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

Categories: Energy Production

Related Stories

Petrobras Concludes Acquisition of São Tomé and Príncipe Offshore Block

Norway Oil Service Strike Deepens Output Losses

Gastech 2026 to convene global energy leaders in Bangkok as Asia accelerates demand, LNG investment and system transformation

Current News

Saipem, Subsea 7 Undergo EU Antitrust Investigation

Baltic Power Offshore Wind Farm Delivers First Electricity to Polish Grid

Eni Enlists OneSubsea for Deepwater Umbilical Supply off Indonesia

Petrobras Concludes Acquisition of São Tomé and Príncipe Offshore Block

Subscribe for OE Digital E‑News