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

James Fisher, Aquaterra Launch Global Decommissioning Partnership

Arabian Drilling Set to Resume Ops with Three Offshore Rigs

Oil Surges 3% on Renewed US-Iran Strikes

IEA Expects Gradual Hormuz Recovery, Oversupplied Market in 2027

Conrad Secures Drilling Rig for Mako Gas Field off Indonesia

Indonesia Targets Higher Oil and Gas Output in 2027

Azerbaijan’s Absheron Gas Project Advances with New Sales Agreement

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

Iran Restarts Output at Three South Pars Offshore Gas Platforms

Oil Jumps Over 3% After US-Iran Exchange Attacks

Current News

Oil Rises 2% as Middle East Hostilities Escalate

Sunda Energy Applies for Exploration Permit Offshore New Zealand

Unity Enters Asia-Pacific Market with Malaysia P&A Work

Oil Surges to Four-Week High as US-Iran Trade Blows

Velesto Terminates NAGA 3 Jack-Up Rig Sale to Indonesian Firm

Noble Gets $136M Brunei Drillship Job

James Fisher, Aquaterra Launch Global Decommissioning Partnership

Tetragon Energy Advances Oil and Gas Exploration Activities off Philippines

Arabian Drilling Set to Resume Ops with Three Offshore Rigs

Oil Jumps 3% on Renewed US-Iran Conflict

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