Norway produced 355.13 million cubic meters (12.54 billion cubic ft) a day (MMcmd) of pure fuel in February, down month on month and year-on-year, in line with preliminary official figures revealed Friday.
Final month’s fuel output marks a 2.6 p.c lower from January 2026 and 0.4 p.c from February 2025, the Norwegian Offshore Directorate (NOD) reported Friday. The February 2026 determine additionally fell in need of the NOD’s projection by 2.1 p.c. Final 12 months Norway produced 356.44 MMcmd of fuel.
Norway bought 9.9 billion cubic meters (Bcm) of fuel in February 2026, down 1.4 Bcm from the prior month.
- Advertisement -
In the meantime Norway’s oil manufacturing final month averaged 1.97 million barrels per day (MMbpd), down 0.2 p.c from January 2026 however up 15.3 p.c from February 2025. The determine exceeded the NOD forecast by 5.7 p.c. In 2025 Norway averaged 1.71 MMbpd of oil.
Complete liquids manufacturing in February 2026 was 2.18 MMbpd, down 1 p.c from the prior month however up 12.7 p.c from the identical interval in 2025.
Final 12 months Norway’s fuel manufacturing noticed a “minor” lower to 120 Bcm, in comparison with a document fuel manufacturing of 124 Bcm in 2024, the NOD stated earlier in “The Shelf” report revealed January 8, 2026. The report stated fuel manufacturing is predicted to remain on the 2025 degree over the following three to 4 years.
In the meantime Norway’s 2025 oil manufacturing of about 106 MMcm marked the nation’s highest since 2009, in line with the report. “The Johan Sverdrup discipline within the North Sea accounts for near 40 p.c of this, and the sector has produced at plateau during the last three years”, the report stated. “The sphere will proceed to offer a big share of oil manufacturing over the following few years, regardless of regularly declining from plateau.
“The Johan Castberg discipline within the Barents Sea began producing in March [2025] and has regularly contributed to elevated oil manufacturing on the shelf. The sphere reached plateau manufacturing in the summertime of 2025, and the Directorate expects plateau manufacturing to be maintained for a number of years earlier than a pure decline”.
Majority state-owned Equinor ASA reported 1.42 million barrels of oil equal a day (MMboed) in fairness manufacturing from Norway final 12 months, up from 1.39 MMboed in 2024.
“In 2025, E&P Norway delivered strong manufacturing all year long, persevering with to be a dependable power supplier to Europe”, Equinor stated in its annual report. “Complete manufacturing from the NCS [Norwegian continental shelf] in 2025 was larger than in 2024, the place ramp-up of Johan Castberg and Halten East, new wells, continued sturdy efficiency from Johan Sverdrup and a decrease degree of deliberate upkeep have been the principle contributors.
“Operational efficiency in 2025 was additionally impacted by pure decline on a number of fields. In whole for 2025, liquids manufacturing elevated by 7 p.c whereas fuel manufacturing decreased by 2 p.c. The rise in liquids manufacturing was pushed by new fields approaching stream with the next proportion of liquids within the manufacturing combine”.
Equinor stated, “We anticipate sturdy exercise on the NCS in the direction of 2035, supported by a brand new working mannequin to be applied in 2026. Bettering restoration from our fields and lively exploration and sooner developments are essential for sustaining manufacturing on the continental shelf, guaranteeing safety of power provide and sustaining a robust cashflow”.
To contact the writer, e-mail jov.onsat@rigzone.com
What do you assume? We’d love to listen to from you, be a part of the dialog on the
Rigzone Vitality Community.
The Rigzone Vitality Community is a brand new social expertise created for you and all power professionals to Communicate Up about our business, share data, join with friends and business insiders and have interaction in an expert group that can empower your profession in power.
