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

EnQuest to Buy Malaysia Offshore Interests in $833M Deal

Capricorn Energy Grants Third Extension for Potential Takeover Offer

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

BP to Boost Azerbaijan Portfolio with Babek Gas Field Operatorship Takeover

Longitude to Integrate SynergenOG Following ABL Group Acquisition

Oil Prices Edge Higher Amid Uncertainty Over Iran Deal

Oil Jumps 4% After Trump Rejects Iran’s Peace Response

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

Vessel Sector Deep Dive: WTIVs

Current News

Aramco Explores Asset Sales in Multi-Billion Dollar Fundraising Push

Post-War Gulf Faces Push for Alternative Export Routes

Oil Drops to 3-Month Low as US-Iran Deal Signals Supply Return

RINA Gets Safety Assessment Role on Indonesia's H2WATT Hydrogen Hub

IEA Expects Gradual Hormuz Recovery, Oversupplied Market in 2027

Inpex, Unions Reach Deal to End Ichthys LNG Strike

Gulf Marine Services Restarts Ops of Evacuated Gulf Vessels

Japan’s Shipping Industry Awaits Clarifications on Hormuz Reopening

Oil Slumps as US-Iran Reach Initial Peace Deal to Reopen Strait of Hormuz

JERA Takes Delivery of First LNG Cargo from Australia's Barossa Gas Project

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