In January 2025, Norway’s combined oil and gas output was 1% below official forecasts, primarily due to a decline in natural gas exports, according to data from the Norwegian Offshore Directorate (NOD). The total production of oil, condensate, natural gas liquids, and gas averaged 663,000 standard cubic meters per day, equivalent to 4.17 million barrels of oil equivalent, marking a 6.5% decrease compared to January 2024. 

Natural Gas Production

Natural gas output averaged 346.1 million cubic meters per day, falling short of the projected 355.2 million cubic meters and decreasing from 379.3 million cubic meters in January 2024. 

Crude Oil Production

Crude oil production stood at 1.78 million barrels per day (bpd), slightly below the 1.83 million bpd recorded in January 2024 but exceeding the forecasted 1.73 million bpd. 

Implications

As Europe’s largest natural gas supplier and a significant oil producer, Norway’s production fluctuations can impact regional energy markets. The January shortfall underscores the importance of monitoring production trends and addressing factors that may influence output levels.

Summary

Norway’s oil and gas production in January 2025 was 1% below official forecasts, with natural gas output notably declining. While crude oil production surpassed expectations, the overall decrease highlights the need for attention to production dynamics in the country’s energy sector.

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