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

IEA Cuts Oil Demand, Supply Outlook Amid Iran War

CPC Oil Exports via Black Sea Stable After Attack Reports

Energy Crisis from War on Iran Deeper Than Widely Assumed

Oil Holds Steady as Supply Risks from War Persist

Iran War Reshapes Global LNG Trade

Big Oil to Look Beyond Middle East as War Raises Risks

Asian Buyers Rush for Russian Oil Amid Supply Disruption

Rising Costs of War: Gulf Energy Infrastructure Stares Down $25B Repair Bill

Oil Rises as Iran Denies US Talks, Supply Risks Persist

Eni Advances Angola Gas Project, Secures $9B Credit Facility

Current News

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

UAE Exit Weakens OPEC, Raises Risk of Price War

United Arab Emirates Exits OPEC and OPEC+

Technology as Enabler of Energy Security in Offshore Asia

Saipem Poised for Middle East Repair Work After Iran War

Middle East Conflict Jolts Offshore Drilling Market

Bureau Veritas Expands Offshore Services with New Asia Hub

Valeura Charters Shelf Drilling’s Jack-Up Rig for Gulf of Thailand Ops

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