Norway's April Oil Output Lags Forecast

Wednesday, May 22, 2019

Norway's oil production fell 8.8 percent year-on-year in April to 1.38 million barrels per day, lagging the official forecast for the month by 0.6 percent, Norway's Petroleum Directorate (NPD) said on Wednesday.

Including condensate and natural gas liquids (NGL), the overall liquids production stood at 1.729 million barrels of oil equivalents per day, lagging the NPD prediction by 1.3 percent.

Technical problems at some fields were among the main reasons why production came in below forecast, NPD said.

Natural gas output in April rose 1.7 percent year-on-year to 338.9 million cubic metres per day, beating NPD's forecasts by 1.7 percent, it added. 


(Reporting by Terje Solsvik, editing by Nerijus Adomaitis)

Categories: Energy Activity Europe Oil Production Natural Gas

Related Stories

PV Drilling Secures Jack-Up Rig Deal from Zarubezhneft off Vietnam

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

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

Oil Prices Edge Higher Amid Uncertainty Over Iran Deal

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

Lloyd’s Register Approves Wison’s Internal Turret FPSO Concept

US-Israel War on Iran Creates Biggest Energy Crisis in History

Pertamina Unit to Operate Indonesia’s Lavender Block under 30-Year PSC

CPC Oil Exports via Black Sea Stable After Attack Reports

Russia’s Yamal LNG Resumes Shipments to China After Months-Long Gap

Current News

Velesto Secures Malaysia Drilling Deal with Hibiscus

Yinson Production, PTSC Raise Over $130M for Vietnam’s Block B FSO

Oil Climbs Above $110 After Gulf Drone Attacks Raise Supply Fears

Global Businesses Face Mounting $25 Billion Fallout From Iran War

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

Inpex Expands Australia Gas Portfolio with Browse Minority Stake Deal

UAE Speeds Up Pipeline Project to Help Bypass Hormuz

PV Drilling Secures Jack-Up Rig Deal from Zarubezhneft off Vietnam

Longitude to Integrate SynergenOG Following ABL Group Acquisition

Petronas Signs 20-year Charter Deal with MISC for Five LNG Carrier Newbuilds

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