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

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

BP to Boost Azerbaijan Portfolio with Babek Gas Field Operatorship Takeover

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

Energean Cuts 2026 Output Forecast After Israel Shutdown

Oil Prices Ease as US Holds Off Renewed Strikes Against Iran

ScioSense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering

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

Brent Near $114 as Middle East Conflict Continues

Vessel Sector Deep Dive: WTIVs

France Leads 15-Country Effort to Reopen Strait of Hormuz

Current News

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

Iran Restarts Output at Three South Pars Offshore Gas Platforms

Oil Jumps Over 3% After US-Iran Exchange Attacks

BP to Boost Azerbaijan Portfolio with Babek Gas Field Operatorship Takeover

Petrobras Nears Deal With SBM Offshore for Two Sergipe FPSOs

Mitsui Eyes New LNG Investments to Power Data Center Growth

Oil Prices Fall Amid Signs of US-Iran Ceasefire Extension Deal

Three Dead After Incident at Petronas' FSO Offshore Malaysia

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