Norway's Oil and Gas Output Exceeds Forecast in February

Thursday, March 20, 2025
Illustration/Aasta Hansteen, one of the fields that contributes to oil and gas production on the Norwegian continental shelf (Credit: Equinor)

Norway's combined oil and gas production exceeded an official forecast by 1.8% in February, the Norwegian Offshore Directorate (NOD) said on Thursday.

Norway is Europe's largest supplier of natural gas and a major producer of oil, but output varies from month to month depending on maintenance needs and other stoppages at more than 90 offshore fields.

Overall oil, condensate, natural gas liquids and gas output stood at 0.663 million standard cubic metres per day, equivalent to 4.17 million barrels of oil equivalent, a decrease of 2.4% year-on-year.

Natural gas production in February fell to 355.1 million cubic metres (mcm) per day from 360.4 mcm a year earlier, but exceeded a forecast of 342 mcm by 3.8%, the regulator said on its website.

Crude oil output fell to 1.723 million barrels per day (bpd) in February from 1.765 million bpd in the same month last year, but came in above a forecast of 1.701 million bpd, NOD's preliminary data showed.


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

Categories: Industry News Activity Europe Production Oil and Gas

Related Stories

BP Expects Lower First-Quarter Upstream Production

BP Expects Lower First-Quarter Upstream Production

Tyra II Starts Operating at Full Technical Capacity

Tyra II Starts Operating at Full Technical Capacity

Eni to Continue with Gas Production in Venezuela

Eni to Continue with Gas Production in Venezuela

Current News

Shell to Complete Marine Survey at Venezuela Gas Field Ahead of License Cancellation

Chevron Starts Production at Ballymore Subsea Tieback Project in Gulf of America

Strategic Marine Delivers Another Fast Crew Boat to Truth Marine Services

Ocean Winds Picks Onshore Substation Contractor for Polish Offshore Wind Farm

Subscribe for OE Digital E‑News

Offshore Engineer Magazine