Gas Production Plunges 12.6% as Europe Heads into Winter
Norway’s oil and gas production declined sharply in September, with natural gas output falling 12.6% from August, according to preliminary figures released Tuesday by the Norwegian Offshore Directorate (NOD). Total petroleum production averaged approximately 3.77 million barrels of oil equivalent per day (boepd), down 10.4% month-on-month and 4% below the directorate’s forecast. The decline comes…
Norway's petroleum production plunged 10.4% in September, with natural gas output falling 12.6% from the previous month, according to preliminary figures released by the Norwegian Offshore Directorate. The decline in gas production, which averaged 298.4 million standard cubic meters per day, was the most significant setback, falling 43.2 million cubic meters per day below the forecast and 6.7% below expectations.
The maintenance season and the approaching winter heating season in Europe are cited as factors contributing to the production slowdown.
Brief written by urgent.news from OilPrice's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
