Norway's March Oil Output Lags Forecast, Gas is Ahead

Illustration - Credit: Lukasz Z
Illustration - Credit: Lukasz Z

Norway's crude oil output in March missed the official forecast but gas output exceeded expectations, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Thursday.

Crude oil output fell to 1.74 million barrels per day (bpd) in March from 1.78 million bpd in February, lagging a forecast of 1.85 million bpd, the NPD said.

Natural gas production in March rose to 10.4 billion cubic meters (bcm) from 9.8 bcm a month ago, and was 6.3% above forecast, it added.


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

Current News

Eneos Scoops Jack-Up Drilling Contract Offshore Vietnam

Eneos Scoops Jack-Up Drilling

UK Grants Development Consent for Rampion 2 Offshore Wind Farm

UK Grants Development Consent

Liebherr Equips Agogo FPSO with Two Offshore Cranes

Liebherr Equips Agogo FPSO wit

RWE Conducts Rescue Operation Drills at Offshore Wind Farm

RWE Conducts Rescue Operation

Subscribe for OE Digital E‑News

Offshore Engineer Magazine