Norway's July Gas Output Exceeds Forecast, Oil Lags

Published

Credit:Lukasz Z/AdobeStock
Credit:Lukasz Z/AdobeStock

Norway's crude oil output in July lagged the official forecast, while gas output exceeded expectations, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Monday. 

Crude oil output rose to 1.65 million barrels per day (bpd) in July from 1.33 million bpd in June, compared to a forecast of 1.85 million bpd, the NPD said. 

Natural gas production in July averaged 351.0 million cubic meters (mcm) per day, up from 332.0 mcm per day in June, and above the expected 332.5 mcm per day.

The full-month gas output rose to 10.9 billion cubic meters (bcm) from 10 bcm in June, NPD said. 

(Reuters - Reporting by Terje Solsvik, editing by Victoria Klesty)

Current News

Nova Scotia, Massachusetts Explore Joint Offshore Wind Power Developments

Nova Scotia, Massachusetts Exp

Seaway7 Starts Cable Installation at Ørsted’s Hornsea 3 Wind Farm

Seaway7 Starts Cable Installat

Scotland-England Subsea Power Link Secures Marine License

Scotland-England Subsea Power

Norway's Top Court Invalidates Three Offshore Oilfield Approvals

Norway's Top Court Invalidates

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine