Oil & Gas

24 Sep 2021

Norway's August Oil Output Beats Forecast, Gas Lags

24 Sep 2021  by   

Norway's oil production beat official expectations in August, while its natural gas output lagged, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Thursday.

An offshore platform in Norway - Credit: Arild/AdobeStock

Crude oil output rose to 1.81 million barrels per day (bpd) in August from 1.75 million bpd in July, above official forecast of 1.76 million, the NPD said.

Natural gas production in August fell to 9.3 billion cubic meters (bcm) from 9.7 bcm a month ago, while the NPD expected it to be at 9.7 bcm.

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