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

JERA Lifts First LNG Cargo From Barossa Gas Project in Australia

Philippines Makes First Offshore Gas Discovery in Over a Decade

Thailand's Gulf Energy Eyes Long-Term LNG Supply

ADNOC Takes FID on SARB Deep Gas Project Offshore Abu Dhabi

Low Demand, High Supply Keeps Asia LNG Spot Prices Flat

Saipem Lands $425M Turkish Gas Contract in Sakarya Expansion

CNOOC Launches New Offshore Oil Development in Southern China

Eni Expands Asian Footprint with Long-Term LNG Contract in Thailand

Finder Energy Buys Petrojarl I FPSO for Timor-Leste Oil and Gas Projects

CNOOC Puts New South China Sea Development Into Production Mode

Current News

Seatrium Unit Launches Arbitration Against Petrobras over FPSO Contract

Transocean-Valaris Tie-Up to Create $17B Offshore Drilling Major with 73 Rigs

Malaysia Oil and Gas Projects Advance with Petronas' PSC and Farm-Out Deals

Vantage Drilling’s Ultra-Deepwater Drillship Heads to India Under $260M Contract

EnQuest Secures Extension for Vietnam's Offshore Block

Japan's Mitsui in Advanced Talks for Stake in Qatar’s North Field LNG Project

Japan’s JERA Agrees Long-Term LNG Supply from Middle East

QatarEnergy, Petronas Ink 20-Year LNG Supply Agreement

Eni Enlists Shearwater for 3D Seismic Survey in Timor Sea

Conrad, Empyrean Agree Settlement Framework Over Duyung PSC Interests

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