Norway's March Gas Output Drops, Lags Forecasts

Published

©Lukasz Z/AdobeStock
©Lukasz Z/AdobeStock

Norway's natural gas output declined in March from February, missing official forecasts, while oil output grew slightly more than expected, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Wednesday. 

Crude oil output was 1.83 million barrels per day (bpd) against 1.77 million in February and a forecast 1.82 million, the NPD said in a statement.

Natural gas output declined in March to 340.4 million cubic meters (mcm) per day from 354.5 mcm per day in February, lower than the forecast 352.8 mcm per day, it said. 

(Reuters - Reporting by Nerijus Adomaitis, editing by Terje Solsvik)

Current News

Skyborn Reaches Financial Close on Gennaker Offshore Wind Farm

Skyborn Reaches Financial Clos

Ørsted Gets Favorable Tax Opinion on Two UK Wind Farms

Ørsted Gets Favorable Tax Opin

GONDAN Launches Its Largest-Ever Vessel Built for Østensjø Rederi

GONDAN Launches Its Largest-Ev

IEA Sees Bigger Oil Supply Gap as Gulf Recovery Slips into 2027

IEA Sees Bigger Oil Supply Gap

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine