Norwegian October Oil and Gas Output Lags Forecasts

Nora Buli
Tuesday, November 21, 2023
Credit: Arlid/AdobeStock

Norway's natural gas output rose in October from a four-year low in September but still lagged an official forecast, while crude oil production also fell behind expectations, the Norwegian Petroleum Directorate (NPD) said on Tuesday.

Natural gas production in October rose to 328.1 million cubic meters (mcm) per day from 199.1 mcm a month ago, but missed a forecast of 354.7 mcm by 7.5%, the regulator said on its website.

Crude oil output rose to 1.78 million barrels per day (bpd) in October from 1.68 million bpd in September, below a forecast of 1.84 million bpd, NPD's preliminary data showed.

(Reuters - Reporting by Nora Buli, editing by Terje Solsvik)

Categories: Industry News Activity Europe Production

Related Stories

Equinor Brings Norway’s Northernmost Field On Stream (Video)

Equinor Brings Norway’s Northernmost Field On Stream (Video)

Gas Project with Venezuela Goes Full Steam Ahead, Trinidad PM Says

Gas Project with Venezuela Goes Full Steam Ahead, Trinidad PM Says

Vattenfall Makes FID for Nordlicht Offshore Wind Cluster, Buys Back BASF Share

Vattenfall Makes FID for Nordlicht Offshore Wind Cluster, Buys Back BASF Share

Current News

Eneos Scoops Jack-Up Drilling Contract Offshore Vietnam

UK Grants Development Consent for Rampion 2 Offshore Wind Farm

Liebherr Equips Agogo FPSO with Two Offshore Cranes

RWE Conducts Rescue Operation Drills at Offshore Wind Farm

Subscribe for OE Digital E‑News

Offshore Engineer Magazine