Norwegian October Oil and Gas Output Lags Forecasts

Published

Credit: Arlid/AdobeStock
Credit: Arlid/AdobeStock

Norway's natural gas output rose in October from a four-year low in September but still lagged an official forecast, while crude oil production also fell behind expectations, the Norwegian Petroleum Directorate (NPD) said on Tuesday.

Natural gas production in October rose to 328.1 million cubic meters (mcm) per day from 199.1 mcm a month ago, but missed a forecast of 354.7 mcm by 7.5%, the regulator said on its website.

Crude oil output rose to 1.78 million barrels per day (bpd) in October from 1.68 million bpd in September, below a forecast of 1.84 million bpd, NPD's preliminary data showed.

(Reuters - Reporting by Nora Buli, editing by Terje Solsvik)

Current News

ABS: Demand for Floating Offshore Wind Vessels is Rising

ABS: Demand for Floating Offsh

Apollo Global to Invest $1.5b in Singapore Oil Rig Fund

Apollo Global to Invest $1.5b

Baker Hughes Secures Venture Global’s LNG Liquefaction Tech Order

Baker Hughes Secures Venture G

Seatrium Expands European Offshore Wind Hub

Seatrium Expands European Offs

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine