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Norway's Oil and Gas Output Surpasses Projections in January
Norway’s combined oil and gas production exceeded official forecasts by 5.6% in January, according to the Norwegian Offshore Directorate (NOD).
As Western Europe’s largest supplier of natural gas and a significant oil producer, Norway’s output levels fluctuate monthly due to maintenance schedules and operational stoppages across its nearly 100 offshore fields.
Total production—including oil, condensate, natural gas liquids (NGLs), and gas—reached 717,000 standard cubic meters per day in January. This corresponds to approximately 4.51 million barrels of oil equivalent, marking an 8.3% increase compared to the same month last year.
Natural gas output rose to 364.2 million cubic meters per day, up from 347.4 million cubic meters per day in January 2024. The figure exceeded the NOD’s forecast of 346.1 million cubic meters by 5.2%.
Preliminary data also showed that crude oil production climbed to 2.0 million barrels per day in January, compared to 1.76 million barrels per day during the same period last year, surpassing the projected 1.88 million barrels per day.
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