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

Eastern Shipbuilding Group Completes Conversion, Delivers SOV to Hornbeck Offshore Services

Eastern Shipbuilding Group Com

Orbital Marine Power Secures $9.31m Investment

Orbital Marine Power Secures $

Shell Seeks Buyer for 20% Stake in Brazilian Oilfield Cluster

Shell Seeks Buyer for 20% Stak

VAALCO Energy Spuds First Well in New Drilling Campaign off Gabon

VAALCO Energy Spuds First Well

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine