Norway's August Oil Output Beats Forecast, Gas Lags

Published

An offshore platform in Norway - Credit: Arild/AdobeStock
An offshore platform in Norway - Credit: Arild/AdobeStock

Norway's oil production beat official expectations in August, while its natural gas output lagged, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Thursday.

Crude oil output rose to 1.81 million barrels per day (bpd) in August from 1.75 million bpd in July, above official forecast of 1.76 million, the NPD said.

Natural gas production in August fell to 9.3 billion cubic meters (bcm) from 9.7 bcm a month ago, while the NPD expected it to be at 9.7 bcm. 

(Reporting by Nerijus Adomaitis, editing by Gwladys Fouche)

Current News

European Governments Commit to Wind Energy Expansion Despite Trump Criticism

European Governments Commit to

SLB Beats Profit Forecasts, Unveils $4B Return Plan

SLB Beats Profit Forecasts, Un

RWE Divests Swedish Wind Portfolio in Deal with Nordic Player Aneo

RWE Divests Swedish Wind Portf

DeepOcean Wraps Up Work at US Offshore Wind Project

DeepOcean Wraps Up Work at US

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine