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

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

Iran War Sparks Global Rush to Build Strategic Oil Reserves

SBM Offshore to Sell 45% Stake in Mexico-Bound FSO to NYK

Capricorn Energy Grants Third Extension for Potential Takeover Offer

Azerbaijan’s Absheron Gas Project Advances with New Sales Agreement

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

Longitude to Integrate SynergenOG Following ABL Group Acquisition

Global Oil Supply to Fall Short of Demand as Iran War Goes On, IEA Says

Norway O&G Revenue Forecast Jumps 30% for '26

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

Current News

Floating Nuclear: A New Offshore Energy Frontier

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

ONGC Completes 44 Offshore Rig Moves Ahead of Monsoon Season

ONGC Expands BP Partnership with Western Offshore Basin Services Contract

Walking Into the Future: ADNOC Drilling Unveils First AI-Powered Island Rig

Yinson Production Names FSO for Murphy's Lac Da Vang Project off Vietnam

Jadestone Brings First Malaysia Campaign Well Online at 3,000 bpd

Saipem to Sell Saudi Shallow-Water Drilling Business to ADES for $285M

Oman Opens Alternative Hormuz Lanes as Shipping Recovery Continues

ASCO Sets Up Shop in Qatar to Drive Middle East Expansion

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