Norway's May Oil and Gas Output Tops Forecast

Published

An offshore platform complex in Norway/Credit: Lukas Z/AdobeStock
An offshore platform complex in Norway/Credit: Lukas Z/AdobeStock

Norway's oil and gas production exceeded official expectations in May, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday.

Crude oil output declined 4.2% from April to 1.654 million barrels per day (bpd) in May, while the NPD's forecast for the month had stood at 1.591 million bpd.

Norway's output of natural gas in April totaled 8.7 billion cubic meters (bcm), above the NPD's forecast of 8.49 bcm. 

(Reporting by Nerijus Adomaitis and Terje Solsvik, editing by Gwladys Fouche)

Current News

Kongsberg Maritime to Equip Hana Shipping’s Floating Wind Construction Vessel

Kongsberg Maritime to Equip Ha

Beacon Offshore Starts Production at Zephyrus Field in US Gulf of Mexico

Beacon Offshore Starts Product

Noble Scoops $1.3B in Drilling Contracts, Enters Norway's Floater Market

Noble Scoops $1.3B in Drilling

EU States Approve Ban on Russian Gas Imports

EU States Approve Ban on Russi

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine