trending Market Intelligence /marketintelligence/en/news-insights/trending/kyhzHXwnpobGCTTKqAvRVQ2 content esgSubNav
In This List

Technical problems bog down Norwegian offshore oil, gas production in February

Blog

Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy

Blog

Japan M&A By the Numbers: Q4 2023

Video

See the Big Picture: Energy Transition in 2024


Technical problems bog down Norwegian offshore oil, gas production in February

The Norwegian Petroleum Directorate reported March 15 that average production of oil, NGLs and condensate for February totaled 1.75 million barrels per day, down from 1.82 million bbl/d in January, owing to technical problems at some fields.

Oil production in February averaged 1.39 million bbl/d, down from 1.46 million bbl/d in January and 3.6% lower than the directorate's forecast.

Average NGL production came in at 328,000 bbl/d, down from 333,000 bbl/d in January. Condensate production averaged 30,000 bbl/d in February, up from 28,000 bbl/d in January.