Norway November Oil, Gas Output Missed Forecast

Wednesday, December 19, 2018

Norway's November oil and gas output was lower than originally expected due to a collision between a navy frigate and an oil tanker that triggered shutdowns of major export facilities and several offshore fields, the country's oil regulator said.

Oil output rose slightly in November from October but was 3.9 percent below the Norwegian Petroleum Directorate's (NPD) forecast for the month, the agency said on Wednesday, while adding that gas output was 6.5 percent lower than expected.

"The main reasons that production in November was below forecast is the shutdown of the Sture oil terminal and the Kollsnes gas processing plant after a collision between a crude tanker with a military vessel and technical problems on some fields," the NPD said.

The November 8 collision off Norway's west coast, in which the Helge Ingstad frigate sank, caused only light injuries to its crew. The cause of the incident is still subject to several investigations by authorities.


(Reporting by Terje Solsvik; editing by Jason Neely)

Categories: Europe Oil Production Natural Gas

Related Stories

ADNOC Drilling Finalizes MB Petroleum JV, Expands Regional Fleet

US-Israel War on Iran Creates Biggest Energy Crisis in History

Oil Flows to Lag Even if Hormuz Strait Reopens

Pertamina Unit to Operate Indonesia’s Lavender Block under 30-Year PSC

TotalEnergies Eyes Black Sea Exploration with Türkiye’s TPAO

France Leads 15-Country Effort to Reopen Strait of Hormuz

Oil Shoots Over $110 as Trump's Iran Deadline Looms

Oil Holds Steady as Supply Risks from War Persist

Oil Hikes 7% after Trump Says US-Israel will Keep Striking Iran

Iran War Reshapes Global LNG Trade

Current News

Lloyd’s Register Approves Wison’s Internal Turret FPSO Concept

Gulf Marine Services Profit Plunges After Gulf Vessel Evacuations

Eni Advances Giant Indonesia Gas Discovery after ‘Exceptional’ Well Test

IEA: Middle East Conflict Reshaping Medium-Term Gas Outlook

ADNOC Drilling Finalizes MB Petroleum JV, Expands Regional Fleet

Brent Near $114 as Middle East Conflict Continues

Thailand Cancels Offshore Energy Exploration Pact with Cambodia

Vessel Sector Deep Dive: WTIVs

Indonesia’s Mako Gas Project on Track for First Gas in 2027

CNOOC’s First Quarter Profit Rises on Higher Oil Prices, Output

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com