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

Published

Illustration - Credit: Lukasz Z
Illustration - Credit: Lukasz Z

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)

Current News

Ndungu Full-Field Starts Up Offshore Angola

Ndungu Full-Field Starts Up Of

Norway's 2025 Oil Output Climbs to Highest Level Since 2009

Norway's 2025 Oil Output Climb

AKOFS Offshore Inks New Vessel Deal with Petrobras

AKOFS Offshore Inks New Vessel

UK Trade Body Challenges Government View on North Sea Gas Decline

UK Trade Body Challenges Gover

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine