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 Expects Gradual Hormuz Recovery, Oversupplied Market in 2027

TGS Books 3D Streamer Seismic Job in Africa and Middle East region

Kuwait Sees 70% Oil Output Recovery within Two Months of Hormuz Reopening

Indonesia Targets Higher Oil and Gas Output in 2027

Iran Restarts Output at Three South Pars Offshore Gas Platforms

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

IEA: Middle East Conflict Reshaping Medium-Term Gas Outlook

Brent Near $114 as Middle East Conflict Continues

Current News

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

Oil Falls as Signs of Hormuz Recovery Weigh on Market

Mako Offshore Field Takes Step Toward First Gas with PT PAL Contract Award

Perenco Inks Gas Sales Deal for Vietnamese Offshore Field

Iran War Sparks Global Rush to Build Strategic Oil Reserves

Qatari LNG Carriers Re-Enter Hormuz as Traffic Through Strait Slumps

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