Finance
Norway's overall oil, gas output beats forecast in June
Published by Global Banking & Finance Review®
Posted on July 22, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 22, 2025
2 min readLast updated: January 22, 2026
Norway's oil and gas production in June exceeded forecasts by 2.3%, despite a year-on-year decrease due to increased maintenance.
OSLO (Reuters) -Norway's combined oil and gas production exceeded an official forecast by 2.3% in June, the Norwegian Offshore Directorate (NOD) said on Tuesday.
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 0.587 million standard cubic metres per day, equivalent to 3.69 million barrels of oil equivalent, a decrease of 10.9% year-on-year driven primarily by greater maintenance levels.
Natural gas production in June fell to 292.3 million cubic metres (mcm) per day from 345.9 mcm a year earlier, but exceeded a forecast of 283.6 mcm by 3.1%, the regulator said on its website.
Crude oil output fell to 1.68 million barrels per day (bpd) in June from 1.73 million bpd in the same month last year, but came in above a forecast of 1.62 million bpd, NOD's preliminary data showed.
(Reporting by Terje Solsvik and Louise Breusch Rasmussen, editing by Stine Jacobsen)
Norway's combined oil and gas production stood at 0.587 million standard cubic metres per day, equivalent to 3.69 million barrels of oil equivalent.
Natural gas production in June fell to 292.3 million cubic metres per day but exceeded the forecast of 283.6 million cubic metres by 3.1%.
Crude oil output fell to 1.68 million barrels per day in June, down from 1.73 million barrels per day in the same month last year.
Norway's oil and gas output varies from month to month due to maintenance needs and other stoppages at more than 90 offshore fields.
Norway is Europe's largest supplier of natural gas and a major oil producer, significantly contributing to the continent's energy needs.
Explore more articles in the Finance category
