Norway's December Oil Output Misses Forecast

Tuesday, January 22, 2019

Norway's oil production fell by 2.1 percent year-on-year in December and lagged the Petroleum Directorate's forecast for the month by 2.5 percent amid technical problems at some offshore fields, the industry regulator said on Monday.

December natural gas output fell by 2.5 percent year-on-year, lagging forecasts by 3.6 percent, it added.

Norway recently predicted its 2019 oil output would fall to a 30-year low, although it is expected to rebound next year following the start-up later this year of the giant Johan Sverdrup oilfield.


(Reporting by Terje Solsvik, editing by Gwladys Fouche)

Categories: Offshore Energy Europe Production

Related Stories

Capricorn Energy Grants Third Extension for Potential Takeover Offer

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

Wison Starts Topsides Fabrication for Türkiye’s Sakarya Deepwater FPU

Dolphin Drilling Boosts Backlog with Harbour Energy Deal, Oil India Extension

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

IEA: Middle East Conflict Reshaping Medium-Term Gas Outlook

Brent Near $114 as Middle East Conflict Continues

Vessel Sector Deep Dive: WTIVs

Oil Flows to Lag Even if Hormuz Strait Reopens

Current News

Capricorn Energy Grants Third Extension for Potential Takeover Offer

Ichthys LNG Strike Causes Delay to Taiwan-Bound Cargo

Indonesia Targets Higher Oil and Gas Output in 2027

Inpex Faces Threat of Broad LNG Loading Ban as AU Labour Dispute Deepens

INEOS Inks LNG Supply Deal with Marubeni for Asian Markets

Cambodia Starts UN Process to Resolve Maritime Dispute with Thailand

Oil Prices Edge Lower Amid Uncertainty Over US-Iran Deal

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

Azerbaijan’s Absheron Gas Project Advances with New Sales Agreement

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

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